Retirement Systems of Alabama Has $12.45 Million Stake in Capital One Financial Co. (NYSE:COF)

Retirement Systems of Alabama decreased its position in Capital One Financial Co. (NYSE:COF) by 1.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,163 shares of the financial services provider’s stock after selling 1,125 shares during the period. Retirement Systems of Alabama’s holdings in Capital One Financial were worth $12,452,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Y.D. More Investments Ltd acquired a new position in Capital One Financial in the second quarter valued at $28,000. Hobbs Group Advisors LLC acquired a new position in Capital One Financial in the second quarter valued at $29,000. Unique Wealth Strategies LLC acquired a new position in Capital One Financial in the second quarter valued at $36,000. Catalyst Capital Advisors LLC acquired a new position in Capital One Financial in the third quarter valued at $36,000. Finally, Creative Financial Designs Inc. ADV raised its holdings in shares of Capital One Financial by 135.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 289 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 166 shares during the period. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on COF. Keefe, Bruyette & Woods upped their price objective on shares of Capital One Financial from $185.00 to $232.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Robert W. Baird upped their price objective on shares of Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, October 25th. JPMorgan Chase & Co. upped their price objective on shares of Capital One Financial from $162.00 to $186.00 and gave the company a “neutral” rating in a report on Monday, December 9th. Evercore ISI upped their price objective on shares of Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada upped their price objective on shares of Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a report on Friday, October 25th. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $171.50.

Capital One Financial Trading Down 0.1 %

Shares of COF stock opened at $184.53 on Monday. Capital One Financial Co. has a 52-week low of $123.23 and a 52-week high of $198.30. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.00 and a current ratio of 1.00. The company has a 50-day simple moving average of $174.06 and a two-hundred day simple moving average of $152.83. The company has a market capitalization of $70.40 billion, a price-to-earnings ratio of 17.42, a PEG ratio of 1.36 and a beta of 1.45.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.70 by $0.81. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The business had revenue of $10 billion during the quarter, compared to the consensus estimate of $9.88 billion. During the same period in the prior year, the firm posted $4.45 EPS. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. Research analysts anticipate that Capital One Financial Co. will post 13.54 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date was Thursday, November 14th. Capital One Financial’s payout ratio is 22.66%.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Mark Daniel Mouadeb sold 1,994 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $162.37, for a total value of $323,765.78. Following the transaction, the insider now directly owns 19,776 shares in the company, valued at $3,211,029.12. The trade was a 9.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Zamsky sold 10,541 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the sale, the insider now owns 26,482 shares in the company, valued at $5,038,465.32. The trade was a 28.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,007 shares of company stock worth $4,982,647 over the last three months. 1.30% of the stock is currently owned by insiders.

About Capital One Financial

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.