State of Michigan Retirement System Sells 3,200 Shares of Capital One Financial Corporation $COF

State of Michigan Retirement System lowered its stake in shares of Capital One Financial Corporation (NYSE:COF) by 1.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 173,764 shares of the financial services provider’s stock after selling 3,200 shares during the period. State of Michigan Retirement System’s holdings in Capital One Financial were worth $31,700,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Evolution Wealth Management Inc. lifted its holdings in shares of Capital One Financial by 529.4% during the fourth quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after buying an additional 90 shares in the last quarter. VSM Wealth Advisory LLC acquired a new position in shares of Capital One Financial in the fourth quarter valued at about $27,000. Cherry Tree Wealth Management LLC increased its position in Capital One Financial by 1,312.5% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 105 shares during the period. Osterweis Capital Management Inc. bought a new position in Capital One Financial during the fourth quarter worth about $29,000. Finally, CrossGen Wealth LLC bought a new position in Capital One Financial during the fourth quarter worth about $30,000. 89.84% of the stock is owned by institutional investors.

Capital One Financial Stock Performance

Shares of Capital One Financial stock opened at $202.99 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46. The company has a market cap of $126.32 billion, a PE ratio of 71.22, a price-to-earnings-growth ratio of 0.73 and a beta of 1.02. The company has a 50 day moving average of $192.09 and a 200-day moving average of $202.78. Capital One Financial Corporation has a 1-year low of $174.24 and a 1-year high of $259.64.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.08 by ($0.66). Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. The firm had revenue of $15.23 billion during the quarter, compared to the consensus estimate of $15.68 billion. During the same period last year, the business earned $4.06 earnings per share. The business’s revenue was up 52.3% compared to the same quarter last year. As a group, equities research analysts forecast that Capital One Financial Corporation will post 19.55 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, May 19th. Capital One Financial’s dividend payout ratio (DPR) is currently 112.28%.

Analysts Set New Price Targets

A number of research firms have issued reports on COF. Morgan Stanley cut their price objective on shares of Capital One Financial from $300.00 to $273.00 and set an “overweight” rating for the company in a report on Thursday, April 16th. HSBC raised shares of Capital One Financial from a “hold” rating to a “buy” rating and raised their target price for the stock from $226.00 to $229.00 in a report on Sunday. Bank of America dropped their price target on shares of Capital One Financial from $234.00 to $231.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Truist Financial cut their price target on Capital One Financial from $275.00 to $255.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Finally, JPMorgan Chase & Co. increased their price target on Capital One Financial from $215.00 to $245.00 and gave the stock an “overweight” rating in a research report on Monday. Twenty equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Capital One Financial has an average rating of “Moderate Buy” and an average target price of $259.91.

Insider Buying and Selling at Capital One Financial

In other news, General Counsel Matthew W. Cooper sold 3,500 shares of Capital One Financial stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $208.00, for a total value of $728,000.00. Following the transaction, the general counsel owned 90,194 shares in the company, valued at approximately $18,760,352. This trade represents a 3.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,749 shares of the business’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $192.58, for a total value of $336,822.42. Following the transaction, the insider directly owned 61,579 shares of the company’s stock, valued at $11,858,883.82. This trade represents a 2.76% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 8,749 shares of company stock worth $1,708,577. Corporate insiders own 0.78% of the company’s stock.

Key Stories Impacting Capital One Financial

Here are the key news stories impacting Capital One Financial this week:

• Positive Sentiment: JPMorgan raised Capital One’s price target to $245 from $215 and kept an overweight rating, signaling confidence in further upside for Capital One Financial (COF). Benzinga
• Positive Sentiment: Several analyst roundups highlighted Capital One Financial (COF) among favored financial names, which can support the stock by reinforcing expectations for solid performance. 24/7 Wall St.
• Neutral Sentiment: Investor attention remains on the upcoming conversion of millions of Discover cards onto Capital One’s platform, a major milestone that could expand the business but also requires smooth execution. Motley Fool
• Neutral Sentiment: Commentary suggesting Capital One Financial (COF) may be entering “a new phase” reflects broader strategic interest in the stock, but does not provide a clear near-term catalyst on its own. Kalkine Media
• Negative Sentiment: Analysts and articles continue to emphasize that the Discover integration carries execution risk, including the challenge of retaining cardholders while migrating them to Capital One’s systems. Read More.

About Capital One Financial

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.