Kentucky Retirement Systems purchased a new stake in shares of Capital One Financial Corp. (NYSE:COF) in the third quarter, according to the company in its most recent filing with the SEC. The fund purchased 47,601 shares of the financial services provider’s stock, valued at approximately $3,647,000.
Other hedge funds also recently added to or reduced their stakes in the company. Norinchukin Bank The boosted its stake in Capital One Financial by 11.7% during the 3rd quarter. Norinchukin Bank The now owns 33,846 shares of the financial services provider’s stock valued at $3,213,000 after purchasing an additional 3,548 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Capital One Financial during the 3rd quarter worth approximately $5,587,000. Virtu Financial LLC lifted its position in shares of Capital One Financial by 201.7% during the 3rd quarter. Virtu Financial LLC now owns 14,173 shares of the financial services provider’s stock worth $1,345,000 after buying an additional 9,475 shares in the last quarter. Voya Investment Management LLC lifted its position in shares of Capital One Financial by 1.6% during the 2nd quarter. Voya Investment Management LLC now owns 276,182 shares of the financial services provider’s stock worth $25,381,000 after buying an additional 4,246 shares in the last quarter. Finally, Bridgewater Associates LP lifted its position in shares of Capital One Financial by 424.7% during the 3rd quarter. Bridgewater Associates LP now owns 37,062 shares of the financial services provider’s stock worth $3,518,000 after buying an additional 29,999 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.
COF opened at $76.21 on Wednesday. Capital One Financial Corp. has a one year low of $75.29 and a one year high of $106.50. The firm has a market cap of $36.43 billion, a PE ratio of 9.78, a PEG ratio of 0.62 and a beta of 1.26. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.02.
The business also recently announced a quarterly dividend, which was paid on Friday, November 23rd. Investors of record on Monday, November 12th were given a $0.40 dividend. The ex-dividend date was Thursday, November 8th. This represents a $1.60 annualized dividend and a yield of 2.10%. Capital One Financial’s dividend payout ratio (DPR) is presently 20.54%.
Several research firms have commented on COF. Oppenheimer set a $116.00 target price on shares of Capital One Financial and gave the stock a “buy” rating in a research report on Tuesday, September 18th. Zacks Investment Research raised shares of Capital One Financial from a “hold” rating to a “buy” rating and set a $107.00 target price on the stock in a research report on Wednesday, October 3rd. Wells Fargo & Co lifted their target price on shares of Capital One Financial from $109.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday, October 1st. Citigroup dropped their target price on shares of Capital One Financial from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday, November 1st. Finally, ValuEngine cut shares of Capital One Financial from a “hold” rating to a “sell” rating in a research report on Monday, October 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $111.33.
ILLEGAL ACTIVITY NOTICE: “Kentucky Retirement Systems Takes Position in Capital One Financial Corp. (COF)” was reported by Week Herald and is owned by of Week Herald. If you are reading this story on another publication, it was illegally stolen and reposted in violation of international copyright and trademark law. The correct version of this story can be viewed at https://weekherald.com/2018/12/19/kentucky-retirement-systems-takes-position-in-capital-one-financial-corp-cof.html.
Capital One Financial Company Profile
Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.
Recommended Story: Stop Order
Want to see what other hedge funds are holding COF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital One Financial Corp. (NYSE:COF).
Receive News & Ratings for Capital One Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital One Financial and related companies with MarketBeat.com's FREE daily email newsletter.