Kentucky Retirement Systems Takes Position in Capital One Financial Corp. (COF)

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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.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, October 23rd. The financial services provider reported $3.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.89 by $0.23. Capital One Financial had a net margin of 11.84% and a return on equity of 11.01%. The company had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.88 billion. During the same period in the previous year, the business earned $2.42 earnings per share. The firm’s quarterly revenue was down .3% compared to the same quarter last year. Sell-side analysts forecast that Capital One Financial Corp. will post 11.38 EPS for the current fiscal year.

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.

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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.

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Institutional Ownership by Quarter for Capital One Financial (NYSE:COF)

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