Arizona State Retirement System Boosts Stock Holdings in Capital One Financial Co. (NYSE:COF)

Arizona State Retirement System boosted its position in Capital One Financial Co. (NYSE:COF) by 0.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 109,835 shares of the financial services provider’s stock after purchasing an additional 329 shares during the period. Arizona State Retirement System’s holdings in Capital One Financial were worth $19,586,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Bfsg LLC purchased a new stake in shares of Capital One Financial during the fourth quarter worth $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Capital One Financial during the fourth quarter worth $27,000. TruNorth Capital Management LLC purchased a new stake in shares of Capital One Financial during the fourth quarter worth $29,000. Decker Retirement Planning Inc. purchased a new stake in shares of Capital One Financial during the fourth quarter worth $32,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Capital One Financial during the fourth quarter worth $32,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Up 0.6 %

COF opened at $186.09 on Thursday. The stock has a market cap of $70.96 billion, a PE ratio of 16.06, a P/E/G ratio of 1.19 and a beta of 1.47. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.74. Capital One Financial Co. has a 52 week low of $128.23 and a 52 week high of $210.67. The business’s fifty day simple moving average is $193.77 and its 200 day simple moving average is $174.05.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.31. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The business had revenue of $10.19 billion for the quarter, compared to analysts’ expectations of $10.22 billion. During the same quarter in the prior year, the firm earned $2.81 earnings per share. The firm’s revenue was up 7.2% on a year-over-year basis. As a group, research analysts expect that Capital One Financial Co. will post 15.65 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 Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.40 annualized dividend and a yield of 1.29%. Capital One Financial’s payout ratio is 20.71%.

Analyst Upgrades and Downgrades

COF has been the topic of several recent research reports. Truist Financial increased their target price on Capital One Financial from $229.00 to $257.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. UBS Group raised shares of Capital One Financial from a “neutral” rating to a “buy” rating and upped their price target for the stock from $168.00 to $235.00 in a report on Monday, January 13th. Argus raised shares of Capital One Financial to a “strong-buy” rating in a report on Thursday, January 23rd. Barclays upped their price target on shares of Capital One Financial from $219.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Finally, Royal Bank of Canada upped their price target on shares of Capital One Financial from $190.00 to $200.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 22nd. Seven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $202.27.

Capital One Financial Profile

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.