New York State Teachers Retirement System Cuts Position in Capital One Financial Co. (NYSE:COF)

New York State Teachers Retirement System cut its stake in Capital One Financial Co. (NYSE:COF) by 3.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 407,777 shares of the financial services provider’s stock after selling 14,723 shares during the period. New York State Teachers Retirement System’s holdings in Capital One Financial were worth $61,056,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in COF. Allspring Global Investments Holdings LLC grew its position in Capital One Financial by 4.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 88,881 shares of the financial services provider’s stock worth $13,233,000 after acquiring an additional 4,143 shares in the last quarter. Norden Group LLC purchased a new position in Capital One Financial in the first quarter worth $2,239,000. Kovack Advisors Inc. grew its position in Capital One Financial by 8.4% in the first quarter. Kovack Advisors Inc. now owns 2,281 shares of the financial services provider’s stock worth $340,000 after acquiring an additional 177 shares in the last quarter. First Trust Direct Indexing L.P. grew its position in Capital One Financial by 9.1% in the first quarter. First Trust Direct Indexing L.P. now owns 13,872 shares of the financial services provider’s stock worth $2,065,000 after acquiring an additional 1,157 shares in the last quarter. Finally, SpiderRock Advisors LLC purchased a new position in Capital One Financial in the first quarter worth $253,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Kevin S. Borgmann sold 61,532 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the sale, the chief executive officer now owns 40,934 shares in the company, valued at $5,438,491.24. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Kevin S. Borgmann sold 61,532 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the sale, the chief executive officer now owns 40,934 shares in the company, valued at $5,438,491.24. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Frank G. LapradeIii sold 15,751 shares of the stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $160.00, for a total transaction of $2,520,160.00. Following the sale, the insider now owns 44,711 shares in the company, valued at approximately $7,153,760. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Capital One Financial Price Performance

Shares of NYSE COF opened at $166.82 on Thursday. Capital One Financial Co. has a fifty-two week low of $99.37 and a fifty-two week high of $167.93. The company has a 50 day simple moving average of $149.24 and a two-hundred day simple moving average of $143.40. The company has a market capitalization of $63.42 billion, a price-to-earnings ratio of 13.06, a P/E/G ratio of 1.22 and a beta of 1.44. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.00 and a current ratio of 1.00.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.51 EPS for the quarter, beating analysts’ consensus estimates of $3.70 by $0.81. Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. The firm had revenue of $10 billion for the quarter, compared to analysts’ expectations of $9.88 billion. During the same quarter in the prior year, the company posted $4.45 earnings per share. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. Analysts expect that Capital One Financial Co. will post 12.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on COF. Bank of America upped their price target on shares of Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Royal Bank of Canada upped their price target on shares of Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. Robert W. Baird upped their price target on shares of Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Barclays upped their price target on shares of Capital One Financial from $154.00 to $158.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Finally, Evercore ISI upped their price objective on shares of Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a research note on Wednesday. Twelve equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $153.56.

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.