Capital One Financial Corporation $COF Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue boosted its position in shares of Capital One Financial Corporation (NYSE:COF) by 49.5% in the third quarter, Holdings Channel reports. The fund owned 134,009 shares of the financial services provider’s stock after purchasing an additional 44,358 shares during the quarter. State of Alaska Department of Revenue’s holdings in Capital One Financial were worth $25,873,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. State Street Corp grew its position in shares of Capital One Financial by 107.9% during the 2nd quarter. State Street Corp now owns 57,278,732 shares of the financial services provider’s stock valued at $11,491,259,000 after acquiring an additional 29,724,829 shares during the period. Bank of America Corp DE purchased a new stake in shares of Capital One Financial in the 2nd quarter worth $1,435,311,000. Legal & General Group Plc bought a new position in Capital One Financial in the 2nd quarter worth $680,983,000. Berkshire Hathaway Inc bought a new position in Capital One Financial in the 2nd quarter worth $601,860,000. Finally, Canada Pension Plan Investment Board purchased a new position in Capital One Financial during the second quarter valued at $482,718,000. Institutional investors own 89.84% of the company’s stock.

Insider Buying and Selling

In other Capital One Financial news, insider Lia Dean sold 2,193 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $225.52, for a total value of $494,565.36. Following the completion of the transaction, the insider directly owned 63,261 shares in the company, valued at $14,266,620.72. This represents a 3.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew Cooper sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $214.10, for a total value of $749,350.00. Following the transaction, the general counsel owned 83,194 shares of the company’s stock, valued at $17,811,835.40. This represents a 4.04% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 33,850 shares of company stock worth $7,167,152 in the last quarter. 0.78% of the stock is owned by insiders.

Capital One Financial Price Performance

Capital One Financial stock traded up $3.61 during mid-day trading on Thursday, hitting $197.96. The stock had a trading volume of 2,271,173 shares, compared to its average volume of 4,626,130. The firm has a market capitalization of $121.45 billion, a P/E ratio of 12.24, a P/E/G ratio of 0.73 and a beta of 1.04. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39. The firm’s 50 day moving average is $208.80 and its 200 day moving average is $200.06. Capital One Financial Corporation has a one year low of $174.24 and a one year high of $259.64.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%. The business had revenue of $15.83 billion during the quarter, compared to analyst estimates of $15.76 billion. During the same quarter in the prior year, the business posted $5.48 EPS. Capital One Financial’s revenue for the quarter was up 26.9% compared to the same quarter last year. On average, sell-side analysts forecast that Capital One Financial Corporation will post 20.36 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were issued a $0.80 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a yield of 1.6%. Capital One Financial’s payout ratio is currently 19.80%.

Analysts Set New Price Targets

COF has been the subject of several recent research reports. Piper Sandler boosted their price target on Capital One Financial from $254.00 to $260.00 and gave the company an “overweight” rating in a report on Monday, September 28th. Morgan Stanley decreased their price objective on Capital One Financial from $273.00 to $267.00 and set an “overweight” rating on the stock in a research note on Monday. HSBC raised Capital One Financial from a “hold” rating to a “buy” rating and lifted their price objective for the company from $226.00 to $229.00 in a research report on Sunday, July 12th. JPMorgan Chase & Co. cut their price objective on Capital One Financial from $246.00 to $227.00 and set an “overweight” rating for the company in a research note on Monday. Finally, BTIG Research boosted their price objective on Capital One Financial from $224.00 to $259.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. Twenty equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Capital One Financial presently has an average rating of “Moderate Buy” and an average target price of $255.04.

Capital One Financial Company Profile

Capital One Financial Corp. is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company provides credit cards, consumer banking products, auto financing and commercial banking services through its Capital One brand.

Capital One offers credit cards for consumers and businesses, checking and savings accounts, certificates of deposit, personal loans and auto loans. Its commercial banking operations serve businesses, institutions and commercial real estate clients with lending, deposit, treasury management and other financial services.

Capital One primarily serves customers in the United States, with additional operations in Canada and the United Kingdom.