State of Michigan Retirement System Has $19.75 Million Position in Capital One Financial Co. (NYSE:COF)

State of Michigan Retirement System trimmed its holdings in Capital One Financial Co. (NYSE:COF) by 1.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,756 shares of the financial services provider’s stock after selling 1,200 shares during the quarter. State of Michigan Retirement System’s holdings in Capital One Financial were worth $19,750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bfsg LLC acquired a new position in Capital One Financial in the fourth quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Capital One Financial in the 4th quarter valued at $27,000. TruNorth Capital Management LLC acquired a new position in shares of Capital One Financial during the 4th quarter valued at $29,000. Decker Retirement Planning Inc. bought a new position in Capital One Financial during the fourth quarter worth $32,000. Finally, SBI Securities Co. Ltd. bought a new position in Capital One Financial during the fourth quarter worth $32,000. Institutional investors own 89.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on COF shares. JPMorgan Chase & Co. upped their price objective on shares of Capital One Financial from $162.00 to $186.00 and gave the company a “neutral” rating in a report on Monday, December 9th. The Goldman Sachs Group boosted their target price on Capital One Financial from $182.00 to $205.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Hsbc Global Res upgraded Capital One Financial from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 14th. Bank of America upgraded Capital One Financial from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $207.00 to $235.00 in a report on Wednesday, February 19th. Finally, Truist Financial increased their target price on Capital One Financial from $229.00 to $257.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $202.27.

Capital One Financial Stock Performance

Shares of COF stock opened at $184.84 on Wednesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a 50-day moving average of $193.69 and a 200-day moving average of $173.97. Capital One Financial Co. has a one year low of $128.23 and a one year high of $210.67. The company has a market cap of $70.48 billion, a P/E ratio of 15.95, a P/E/G ratio of 1.19 and a beta of 1.47.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $10.22 billion. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the business posted $2.81 EPS. Equities research analysts forecast that Capital One Financial Co. will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a $0.60 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $2.40 annualized dividend and a yield of 1.30%. Capital One Financial’s dividend payout ratio is currently 20.71%.

Capital One Financial 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.