State of Michigan Retirement System increased its stake in shares of Capital One Financial Co. (NYSE:COF – Get Rating) by 0.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 120,056 shares of the financial services provider’s stock after buying an additional 600 shares during the period. State of Michigan Retirement System’s holdings in Capital One Financial were worth $11,160,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also bought and sold shares of the company. First Trust Advisors LP boosted its stake in Capital One Financial by 603.3% in the 1st quarter. First Trust Advisors LP now owns 1,731,554 shares of the financial services provider’s stock valued at $227,336,000 after purchasing an additional 1,485,339 shares during the period. Renaissance Technologies LLC boosted its position in shares of Capital One Financial by 3,267.0% in the third quarter. Renaissance Technologies LLC now owns 885,499 shares of the financial services provider’s stock valued at $81,616,000 after acquiring an additional 859,200 shares during the period. Fisher Asset Management LLC grew its stake in shares of Capital One Financial by 10.5% in the third quarter. Fisher Asset Management LLC now owns 8,675,853 shares of the financial services provider’s stock valued at $799,653,000 after acquiring an additional 827,800 shares in the last quarter. Ceredex Value Advisors LLC increased its position in Capital One Financial by 156.7% during the third quarter. Ceredex Value Advisors LLC now owns 854,206 shares of the financial services provider’s stock worth $78,733,000 after acquiring an additional 521,487 shares during the period. Finally, Pzena Investment Management LLC raised its stake in Capital One Financial by 10.6% in the 3rd quarter. Pzena Investment Management LLC now owns 5,355,282 shares of the financial services provider’s stock worth $493,596,000 after purchasing an additional 512,496 shares in the last quarter. Institutional investors and hedge funds own 88.30% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on COF. StockNews.com initiated coverage on shares of Capital One Financial in a report on Thursday, March 16th. They set a “hold” rating on the stock. Wells Fargo & Company dropped their price objective on Capital One Financial from $115.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, March 31st. Stephens lowered Capital One Financial from an “equal weight” rating to an “underweight” rating and set a $79.00 target price on the stock. in a report on Thursday, January 5th. JPMorgan Chase & Co. dropped their price target on Capital One Financial from $124.00 to $120.00 and set an “overweight” rating for the company in a research note on Wednesday, January 25th. Finally, Jefferies Financial Group cut shares of Capital One Financial from a “buy” rating to a “hold” rating and cut their price objective for the stock from $120.00 to $100.00 in a research report on Tuesday, January 10th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $120.23.
Capital One Financial Trading Up 0.1 %
Capital One Financial (NYSE:COF – Get Rating) last posted its quarterly earnings results on Tuesday, January 24th. The financial services provider reported $2.82 earnings per share for the quarter, missing the consensus estimate of $3.81 by ($0.99). The company had revenue of $9.04 billion during the quarter, compared to the consensus estimate of $9.07 billion. Capital One Financial had a net margin of 19.18% and a return on equity of 13.52%. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period last year, the firm posted $5.41 earnings per share. On average, equities research analysts forecast that Capital One Financial Co. will post 14.31 earnings per share for the current year.
Capital One Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, February 17th. Stockholders of record on Monday, February 6th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date was Friday, February 3rd. Capital One Financial’s payout ratio is 13.48%.
Capital One Financial Company Profile
Capital One Financial Corp. operates as a financial holding company. The firm engages in the provision of financial products and services. It operates through the following segments: Credit Card, Consumer Banking and Commercial Banking. The Credit Card segment includes domestic consumer and small business card lending, and international card lending businesses.
Further Reading
- Get a free copy of the StockNews.com research report on Capital One Financial (COF)
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