New Mexico Educational Retirement Board Sells 1,200 Shares of Capital One Financial Corp. (NYSE:COF)

New Mexico Educational Retirement Board trimmed its stake in Capital One Financial Corp. (NYSE:COF) by 3.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 38,317 shares of the financial services provider’s stock after selling 1,200 shares during the period. New Mexico Educational Retirement Board’s holdings in Capital One Financial were worth $3,477,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Investment Counselors of Maryland LLC increased its position in Capital One Financial by 4.3% in the 2nd quarter. Investment Counselors of Maryland LLC now owns 22,549 shares of the financial services provider’s stock worth $2,046,000 after buying an additional 925 shares during the period. Verus Financial Partners Inc. increased its position in Capital One Financial by 45.8% in the 2nd quarter. Verus Financial Partners Inc. now owns 4,307 shares of the financial services provider’s stock worth $391,000 after buying an additional 1,353 shares during the period. Parallel Advisors LLC increased its position in Capital One Financial by 15.2% in the 2nd quarter. Parallel Advisors LLC now owns 6,836 shares of the financial services provider’s stock worth $620,000 after buying an additional 904 shares during the period. CIBC Asset Management Inc increased its position in Capital One Financial by 9.5% in the 2nd quarter. CIBC Asset Management Inc now owns 54,452 shares of the financial services provider’s stock worth $4,941,000 after buying an additional 4,716 shares during the period. Finally, Timber Creek Capital Management LLC increased its position in Capital One Financial by 31.2% in the 2nd quarter. Timber Creek Capital Management LLC now owns 51,140 shares of the financial services provider’s stock worth $4,640,000 after buying an additional 12,155 shares during the period. 88.25% of the stock is currently owned by institutional investors and hedge funds.

COF stock traded down $0.39 during trading on Thursday, hitting $85.63. The company had a trading volume of 48,094 shares, compared to its average volume of 3,272,944. The company has a fifty day moving average price of $90.29 and a two-hundred day moving average price of $87.47. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.88. The company has a market cap of $40.90 billion, a P/E ratio of 7.88, a P/E/G ratio of 0.95 and a beta of 1.24. Capital One Financial Corp. has a fifty-two week low of $69.90 and a fifty-two week high of $101.26.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Thursday, July 18th. The financial services provider reported $3.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.84 by $0.53. The business had revenue of $7.12 billion for the quarter, compared to analyst estimates of $7.01 billion. Capital One Financial had a return on equity of 10.68% and a net margin of 17.50%. Capital One Financial’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.71 EPS. On average, analysts expect that Capital One Financial Corp. will post 11.49 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 5th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend was Friday, August 2nd. Capital One Financial’s dividend payout ratio is 14.71%.

Several analysts have recently weighed in on COF shares. Jefferies Financial Group raised Capital One Financial from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $95.00 to $115.00 in a report on Tuesday, May 14th. Morgan Stanley set a $99.00 price objective on Capital One Financial and gave the stock a “hold” rating in a report on Friday, August 9th. Royal Bank of Canada reissued a “sector perform” rating and set a $98.00 price objective on shares of Capital One Financial in a report on Friday, May 3rd. ValuEngine lowered Capital One Financial from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Finally, Credit Suisse Group set a $118.00 price objective on Capital One Financial and gave the stock a “buy” rating in a report on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company. Capital One Financial has an average rating of “Hold” and an average price target of $105.11.

In related news, insider Jory A. Berson sold 13,393 shares of the business’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $90.00, for a total value of $1,205,370.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Bradford H. Warner sold 4,000 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $85.98, for a total value of $343,920.00. Following the completion of the transaction, the director now directly owns 57,930 shares in the company, valued at approximately $4,980,821.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,149 shares of company stock worth $5,053,283. 1.43% of the stock is owned by insiders.

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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