State of Michigan Retirement System Has $31.70 Million Stock Holdings in Capital One Financial Corporation $COF

State of Michigan Retirement System decreased its stake in Capital One Financial Corporation (NYSE:COF) by 1.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 institutional investors and hedge funds have also added to or reduced their stakes in the company. Evolution Wealth Management Inc. grew its stake 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 during the last quarter. VSM Wealth Advisory LLC bought a new position in shares of Capital One Financial in the 4th quarter valued at $27,000. Cherry Tree Wealth Management LLC lifted its stake in shares of Capital One Financial by 1,312.5% in the 4th quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 105 shares during the last quarter. Strive Asset Management LLC bought a new position in shares of Capital One Financial in the 3rd quarter valued at $28,000. Finally, Osterweis Capital Management Inc. acquired a new stake in shares of Capital One Financial during the 4th quarter valued at $29,000. Institutional investors own 89.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Argus reduced their price objective on Capital One Financial from $260.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft dropped their target price on Capital One Financial from $256.00 to $250.00 and set a “hold” rating for the company in a research report on Wednesday, April 22nd. The Goldman Sachs Group cut their price target on Capital One Financial from $300.00 to $260.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. Barclays set a $242.00 price target on Capital One Financial in a report on Tuesday, July 7th. Finally, Royal Bank Of Canada lowered their price objective on Capital One Financial from $275.00 to $235.00 and set a “sector perform” rating for the company in a research note on Friday, April 10th. Twenty equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $259.91.

Capital One Financial Stock Performance

Shares of COF stock opened at $202.99 on Tuesday. The stock has a market capitalization of $126.32 billion, a PE ratio of 71.22, a PEG ratio of 0.73 and a beta of 1.02. The business’s 50 day simple moving average is $192.09 and its 200 day simple moving average is $202.78. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.03 and a quick ratio of 1.03. Capital One Financial Corporation has a one year low of $174.24 and a one year high of $259.64.

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

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th were given a dividend of $0.80 per share. The ex-dividend date was Tuesday, May 19th. This represents a $3.20 annualized dividend and a dividend yield of 1.6%. Capital One Financial’s dividend payout ratio is 112.28%.

More Capital One Financial News

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.

Insiders Place Their Bets

In related news, General Counsel Matthew W. Cooper sold 3,500 shares of Capital One Financial stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $208.00, for a total transaction of $728,000.00. Following the completion of the transaction, the general counsel owned 90,194 shares of the company’s stock, valued at $18,760,352. This trade represents a 3.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 shares were sold at an average price of $192.58, for a total transaction of $336,822.42. Following the completion of the transaction, the insider owned 61,579 shares in the company, valued at approximately $11,858,883.82. The trade was 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. Insiders have sold 8,749 shares of company stock valued at $1,708,577 in the last three months. 0.78% of the stock is owned by insiders.

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.