California Public Employees Retirement System Grows Position in Capital One Financial Co. (NYSE:COF)

California Public Employees Retirement System increased its stake in shares of Capital One Financial Co. (NYSE:COF) by 6.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 768,965 shares of the financial services provider’s stock after acquiring an additional 48,894 shares during the quarter. California Public Employees Retirement System owned about 0.20% of Capital One Financial worth $137,122,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of COF. Bfsg LLC bought a new position in shares of Capital One Financial during the 4th quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC bought a new position in Capital One Financial during the fourth quarter valued at approximately $27,000. TruNorth Capital Management LLC purchased a new position in Capital One Financial during the 4th quarter valued at approximately $29,000. SBI Securities Co. Ltd. bought a new stake in Capital One Financial in the 4th quarter worth approximately $32,000. Finally, Decker Retirement Planning Inc. purchased a new stake in shares of Capital One Financial during the 4th quarter worth approximately $32,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on COF. Baird R W raised shares of Capital One Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 11th. BTIG Research upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and set a $208.00 target price on the stock in a report on Tuesday, March 25th. Wells Fargo & Company increased their price target on shares of Capital One Financial from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. JPMorgan Chase & Co. boosted their price objective on Capital One Financial from $162.00 to $186.00 and gave the stock a “neutral” rating in a research note on Monday, December 9th. Finally, Hsbc Global Res raised Capital One Financial from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $206.63.

Capital One Financial Stock Performance

Shares of NYSE:COF opened at $173.32 on Monday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $66.09 billion, a PE ratio of 14.95, a price-to-earnings-growth ratio of 1.19 and a beta of 1.47. The firm’s 50 day simple moving average is $190.70 and its 200-day simple moving average is $177.92. Capital One Financial Co. has a one year low of $128.23 and a one year high of $210.67.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, beating the consensus estimate of $2.78 by $0.31. The firm had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10.22 billion. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.81 earnings per share. As a group, equities analysts predict that Capital One Financial Co. will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Tuesday, February 18th. Capital One Financial’s dividend payout ratio (DPR) is 20.71%.

About Capital One Financial

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.