California Public Employees Retirement System Increases Stock Holdings in Capital One Financial Co. (NYSE:COF)

California Public Employees Retirement System lifted its stake in shares of Capital One Financial Co. (NYSE:COF - Free Report) by 6.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 768,965 shares of the financial services provider's stock after acquiring an additional 48,894 shares during the period. California Public Employees Retirement System owned 0.20% of Capital One Financial worth $137,122,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of COF. Intech Investment Management LLC bought a new position in Capital One Financial in the third quarter worth approximately $248,000. Quantbot Technologies LP grew its position in Capital One Financial by 286.7% in the 3rd quarter. Quantbot Technologies LP now owns 6,380 shares of the financial services provider's stock valued at $955,000 after purchasing an additional 4,730 shares during the period. Townsquare Capital LLC grew its position in Capital One Financial by 13.8% in the 3rd quarter. Townsquare Capital LLC now owns 16,704 shares of the financial services provider's stock valued at $2,501,000 after purchasing an additional 2,032 shares during the period. CreativeOne Wealth LLC raised its holdings in Capital One Financial by 16.7% during the third quarter. CreativeOne Wealth LLC now owns 2,087 shares of the financial services provider's stock worth $313,000 after buying an additional 298 shares during the last quarter. Finally, Captrust Financial Advisors lifted its stake in shares of Capital One Financial by 7.7% in the third quarter. Captrust Financial Advisors now owns 43,250 shares of the financial services provider's stock valued at $6,476,000 after buying an additional 3,081 shares in the last quarter. 89.84% of the stock is owned by institutional investors.

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Capital One Financial Stock Performance

Shares of NYSE COF traded up $4.05 during trading on Wednesday, reaching $182.27. 3,577,290 shares of the stock traded hands, compared to its average volume of 2,852,878. The company has a 50-day moving average of $190.16 and a 200-day moving average of $178.50. Capital One Financial Co. has a 52-week low of $128.23 and a 52-week high of $210.67. The stock has a market capitalization of $69.50 billion, a P/E ratio of 15.73, a price-to-earnings-growth ratio of 1.19 and a beta of 1.47. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98.

Capital One Financial (NYSE:COF - Get Free Report) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.31. The firm had revenue of $10.19 billion during the quarter, compared to the consensus estimate of $10.22 billion. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The company's revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the company earned $2.81 earnings per share. Analysts forecast that Capital One Financial Co. will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently announced 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 dividend yield of 1.32%. Capital One Financial's dividend payout ratio is currently 20.71%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Citigroup lowered their target price on shares of Capital One Financial from $245.00 to $230.00 and set a "buy" rating on the stock in a report on Monday, March 24th. Keefe, Bruyette & Woods raised their target price on Capital One Financial from $185.00 to $232.00 and gave the company an "outperform" rating in a report on Monday, December 9th. BTIG Research upgraded Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 price target for the company in a report on Tuesday, March 25th. Robert W. Baird upgraded Capital One Financial from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $190.00 to $200.00 in a research note on Tuesday, March 11th. Finally, JPMorgan Chase & Co. upped their target price on shares of Capital One Financial from $162.00 to $186.00 and gave the stock a "neutral" rating in a research note on Monday, December 9th. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Capital One Financial presently has a consensus rating of "Moderate Buy" and a consensus price target of $206.63.

Capital One Financial Company 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.