Capital One Financial Corporation $COF Shares Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D boosted its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 4.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 223,788 shares of the financial services provider’s stock after purchasing an additional 9,788 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Capital One Financial were worth $47,573,000 as of its most recent filing with the Securities and Exchange Commission.

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

Capital One Financial Stock Up 0.3%

COF opened at $207.60 on Friday. The company has a market cap of $131.98 billion, a PE ratio of 70.14, a price-to-earnings-growth ratio of 0.61 and a beta of 1.14. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $259.64. The company has a 50-day moving average price of $234.33 and a 200 day moving average price of $223.55. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.44.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $3.86 EPS for the quarter, missing the consensus estimate of $4.14 by ($0.28). Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.The firm had revenue of $15.62 billion for the quarter, compared to analysts’ expectations of $15.49 billion. During the same quarter last year, the firm posted $2.67 earnings per share. Capital One Financial’s quarterly revenue was up 53.3% on a year-over-year basis. Sell-side analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Thursday, February 19th. Capital One Financial’s dividend payout ratio is currently 108.11%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on COF shares. Keefe, Bruyette & Woods boosted their target price on shares of Capital One Financial from $260.00 to $290.00 and gave the company an “outperform” rating in a research note on Friday, January 2nd. TD Cowen reaffirmed a “buy” rating on shares of Capital One Financial in a report on Thursday, January 8th. Royal Bank Of Canada reissued a “sector perform” rating and set a $275.00 target price on shares of Capital One Financial in a research note on Monday, January 12th. Jefferies Financial Group raised their target price on Capital One Financial from $265.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. Finally, HSBC cut their price target on Capital One Financial from $234.00 to $226.00 and set a “hold” rating for the company in a research note on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $274.70.

Insider Transactions at Capital One Financial

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $250.00, for a total transaction of $500,000.00. Following the sale, the general counsel owned 92,486 shares of the company’s stock, valued at $23,121,500. The trade was a 2.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Celia Karam sold 2,936 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $218.15, for a total transaction of $640,488.40. Following the sale, the insider directly owned 63,433 shares of the company’s stock, valued at $13,837,908.95. The trade was a 4.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 34,274 shares of company stock worth $8,131,054. Company insiders own 1.26% of the company’s stock.

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.