Illinois Municipal Retirement Fund Cuts Stock Holdings in Capital One Financial Corporation $COF

Illinois Municipal Retirement Fund cut its stake in shares of Capital One Financial Corporation (NYSE:COF) by 28.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 59,941 shares of the financial services provider’s stock after selling 23,549 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Capital One Financial were worth $12,742,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Atlantic Edge Private Wealth Management LLC grew its position in Capital One Financial by 66.7% during the second quarter. Atlantic Edge Private Wealth Management LLC now owns 125 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 50 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of Capital One Financial in the 2nd quarter valued at about $28,000. Solstein Capital LLC purchased a new stake in shares of Capital One Financial during the 2nd quarter worth about $28,000. Roble Belko & Company Inc acquired a new stake in Capital One Financial during the 2nd quarter worth approximately $28,000. Finally, Howard Hughes Medical Institute purchased a new position in Capital One Financial in the second quarter valued at approximately $29,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Capital One Financial

In other news, insider Celia Karam sold 2,108 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $218.25, for a total value of $460,071.00. Following the completion of the sale, the insider owned 59,269 shares of the company’s stock, valued at approximately $12,935,459.25. The trade was a 3.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the company’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $250.00, for a total transaction of $500,000.00. Following the completion of the sale, the general counsel owned 92,486 shares in the company, valued at approximately $23,121,500. This trade represents a 2.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 34,274 shares of company stock valued at $8,131,054. Insiders own 1.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on COF shares. TD Cowen reiterated a “buy” rating on shares of Capital One Financial in a research note on Thursday, January 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Capital One Financial in a research report on Monday, December 29th. BTIG Research cut their price objective on Capital One Financial from $308.00 to $270.00 and set a “buy” rating on the stock in a research report on Friday, January 23rd. Wall Street Zen cut Capital One Financial from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Finally, Wells Fargo & Company increased their target price on Capital One Financial from $265.00 to $280.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $274.70.

Capital One Financial Stock Down 3.6%

Shares of Capital One Financial stock opened at $206.72 on Friday. Capital One Financial Corporation has a 1-year low of $143.22 and a 1-year high of $259.64. The company has a market capitalization of $131.41 billion, a PE ratio of 69.84, a P/E/G ratio of 0.63 and a beta of 1.14. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.04 and a quick ratio of 1.04. The business has a 50-day moving average of $234.80 and a 200-day moving average of $223.52.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $3.86 EPS for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.28). Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. The business had revenue of $15.62 billion during the quarter, compared to analysts’ expectations of $15.49 billion. During the same period in the prior year, the company posted $2.67 EPS. The company’s revenue for the quarter was up 53.3% on a year-over-year basis. As a group, equities analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Thursday, February 19th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Thursday, February 19th. Capital One Financial’s payout ratio is 108.11%.

Capital One Financial Company Profile

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.