Strs Ohio Cuts Holdings in Capital One Financial Corporation $COF

Strs Ohio lowered its stake in Capital One Financial Corporation (NYSE:COF) by 6.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 171,330 shares of the financial services provider’s stock after selling 11,314 shares during the quarter. Strs Ohio’s holdings in Capital One Financial were worth $31,256,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in COF. Evolution Wealth Management Inc. increased its position in Capital One Financial by 529.4% in 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 bought a new stake in shares of Capital One Financial during the fourth quarter valued at approximately $27,000. Cherry Tree Wealth Management LLC lifted its holdings in shares of Capital One Financial by 1,312.5% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock worth $27,000 after buying an additional 105 shares in the last quarter. Osterweis Capital Management Inc. bought a new position in shares of Capital One Financial during the 4th quarter valued at about $29,000. Finally, CrossGen Wealth LLC bought a new stake in shares of Capital One Financial in the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Wall Street Analyst Weigh In

COF has been the subject of a number of recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Capital One Financial in a report on Wednesday, June 24th. Jefferies Financial Group restated a “buy” rating and set a $300.00 target price on shares of Capital One Financial in a research report on Monday, March 16th. Morgan Stanley dropped their price target on Capital One Financial from $300.00 to $273.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. Piper Sandler initiated coverage on Capital One Financial in a report on Monday. They issued an “overweight” rating and a $254.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Capital One Financial from $256.00 to $250.00 and set a “hold” rating on the stock in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $260.19.

Capital One Financial Stock Performance

Shares of COF stock opened at $204.94 on Friday. The firm has a market cap of $127.53 billion, a price-to-earnings ratio of 71.91, a PEG ratio of 0.74 and a beta of 1.02. Capital One Financial Corporation has a 52-week low of $174.24 and a 52-week high of $259.64. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.46. The company’s 50 day moving average is $191.12 and its 200 day moving average is $204.84.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, April 21st. The financial services provider reported $4.42 EPS for the quarter, missing analysts’ consensus estimates of $5.08 by ($0.66). The firm had revenue of $15.23 billion for the quarter, compared to analysts’ expectations of $15.68 billion. Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. The company’s revenue was up 52.3% on a year-over-year basis. During the same period in the previous year, the company earned $4.06 EPS. On average, sell-side analysts anticipate that Capital One Financial Corporation will post 19.53 EPS for the current fiscal year.

Capital One Financial Announces Dividend

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

Insider Activity

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $183.93, for a total transaction of $643,755.00. Following the completion of the sale, the general counsel directly owned 97,194 shares in the company, valued at approximately $17,876,892.42. The trade was a 3.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 stock in a transaction on Friday, May 1st. The shares were sold at an average price of $192.58, for a total value of $336,822.42. Following the completion of the transaction, the insider directly owned 61,579 shares of the company’s stock, valued at approximately $11,858,883.82. This represents a 2.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.78% of the company’s stock.

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.