State of Alaska Department of Revenue Sells 3,450 Shares of Capital One Financial Co. (NYSE:COF)

State of Alaska Department of Revenue decreased its holdings in Capital One Financial Co. (NYSE:COF) by 3.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,163 shares of the financial services provider’s stock after selling 3,450 shares during the period. State of Alaska Department of Revenue’s holdings in Capital One Financial were worth $12,530,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of COF. Financial Security Advisor Inc. lifted its stake in shares of Capital One Financial by 2.4% in the 1st quarter. Financial Security Advisor Inc. now owns 3,255 shares of the financial services provider’s stock valued at $485,000 after acquiring an additional 75 shares during the last quarter. FFT Wealth Management LLC grew its stake in shares of Capital One Financial by 3.6% in the 4th quarter. FFT Wealth Management LLC now owns 2,325 shares of the financial services provider’s stock valued at $305,000 after buying an additional 80 shares during the period. Tortoise Investment Management LLC grew its stake in shares of Capital One Financial by 41.9% in the 4th quarter. Tortoise Investment Management LLC now owns 271 shares of the financial services provider’s stock valued at $36,000 after buying an additional 80 shares during the period. City Holding Co. grew its stake in shares of Capital One Financial by 1.6% in the 1st quarter. City Holding Co. now owns 5,023 shares of the financial services provider’s stock valued at $748,000 after buying an additional 80 shares during the period. Finally, Quent Capital LLC grew its holdings in Capital One Financial by 4.9% during the fourth quarter. Quent Capital LLC now owns 1,819 shares of the financial services provider’s stock worth $239,000 after buying an additional 85 shares in the last quarter. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Price Performance

Shares of NYSE COF opened at $138.49 on Thursday. Capital One Financial Co. has a 1 year low of $88.23 and a 1 year high of $149.94. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.01 and a quick ratio of 1.00. The company’s 50-day moving average is $139.51 and its 200 day moving average is $137.34. The stock has a market capitalization of $52.65 billion, a P/E ratio of 10.84, a P/E/G ratio of 1.11 and a beta of 1.45.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Thursday, April 25th. The financial services provider reported $3.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.25 by ($0.04). The company had revenue of $9.40 billion for the quarter, compared to analysts’ expectations of $9.35 billion. Capital One Financial had a net margin of 10.19% and a return on equity of 9.74%. Capital One Financial’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.31 EPS. On average, sell-side analysts expect that Capital One Financial Co. will post 13.31 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 13th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend was Friday, May 10th. Capital One Financial’s payout ratio is 18.79%.

Insider Activity

In other news, insider Timothy P. Golden sold 8,656 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $144.04, for a total transaction of $1,246,810.24. Following the sale, the insider now owns 10,246 shares in the company, valued at $1,475,833.84. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, insider Celia Karam sold 16,913 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $142.88, for a total transaction of $2,416,529.44. Following the transaction, the insider now owns 47,081 shares in the company, valued at $6,726,933.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Timothy P. Golden sold 8,656 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $144.04, for a total transaction of $1,246,810.24. Following the completion of the transaction, the insider now owns 10,246 shares in the company, valued at $1,475,833.84. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Wolfe Research raised shares of Capital One Financial from a “peer perform” rating to an “outperform” rating and set a $189.00 target price on the stock in a research report on Thursday, April 4th. Jefferies Financial Group upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and boosted their price target for the company from $145.00 to $165.00 in a research report on Thursday, June 6th. Evercore ISI reduced their price target on shares of Capital One Financial from $155.00 to $154.00 and set an “in-line” rating for the company in a research report on Tuesday, June 25th. JPMorgan Chase & Co. upped their target price on shares of Capital One Financial from $134.00 to $152.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $159.00 price target on shares of Capital One Financial in a research note on Wednesday, March 27th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $141.20.

Capital One Financial Company Profile

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.