State of New Jersey Common Pension Fund D Sells 74,249 Shares of Capital One Financial Co. (NYSE:COF)

State of New Jersey Common Pension Fund D cut its stake in shares of Capital One Financial Co. (NYSE:COF) by 34.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 139,687 shares of the financial services provider’s stock after selling 74,249 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Capital One Financial were worth $19,340,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Capital Research Global Investors lifted its position in shares of Capital One Financial by 72.8% during the first quarter. Capital Research Global Investors now owns 21,128,089 shares of the financial services provider’s stock valued at $3,145,761,000 after purchasing an additional 8,900,241 shares in the last quarter. Norges Bank bought a new position in shares of Capital One Financial during the 4th quarter worth approximately $409,831,000. Clearbridge Investments LLC boosted its stake in shares of Capital One Financial by 18.8% in the 1st quarter. Clearbridge Investments LLC now owns 3,473,596 shares of the financial services provider’s stock worth $517,184,000 after buying an additional 549,665 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Capital One Financial by 123.4% in the second quarter. International Assets Investment Management LLC now owns 772,961 shares of the financial services provider’s stock valued at $107,016,000 after acquiring an additional 427,000 shares in the last quarter. Finally, Capital World Investors increased its position in shares of Capital One Financial by 2.1% during the fourth quarter. Capital World Investors now owns 14,991,564 shares of the financial services provider’s stock valued at $1,965,761,000 after acquiring an additional 311,696 shares during the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $137.55 on Friday. Capital One Financial Co. has a 12 month low of $88.23 and a 12 month high of $153.35. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.81. The stock has a market cap of $52.30 billion, a P/E ratio of 10.77, a P/E/G ratio of 1.10 and a beta of 1.44. The company has a 50 day moving average of $141.50 and a 200 day moving average of $140.48.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share for the quarter, missing the consensus estimate of $3.28 by ($0.14). Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. The business had revenue of $9.51 billion during the quarter, compared to analysts’ expectations of $9.57 billion. During the same period in the previous year, the business earned $3.52 EPS. The business’s revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts forecast that Capital One Financial Co. will post 13.1 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were paid a $0.60 dividend. The ex-dividend date was Monday, August 12th. This represents a $2.40 dividend on an annualized basis and a yield of 1.74%. Capital One Financial’s dividend payout ratio is presently 18.79%.

Insider Transactions at Capital One Financial

In related news, insider Robert M. Alexander sold 30,742 shares of the company’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total value of $4,611,300.00. Following the completion of the transaction, the insider now directly owns 73,734 shares in the company, valued at $11,060,100. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Kevin S. Borgmann sold 61,532 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the transaction, the chief executive officer now directly owns 40,934 shares of the company’s stock, valued at approximately $5,438,491.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert M. Alexander sold 30,742 shares of the company’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total value of $4,611,300.00. Following the completion of the sale, the insider now directly owns 73,734 shares of the company’s stock, valued at approximately $11,060,100. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

COF has been the subject of a number of recent analyst reports. Evercore ISI reduced their price objective on Capital One Financial from $155.00 to $154.00 and set an “in-line” rating for the company in a research note on Tuesday, June 25th. Bank of America increased 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 reaffirmed a “sector perform” rating and issued a $150.00 price objective on shares of Capital One Financial in a research report on Thursday, July 25th. BTIG Research initiated coverage on shares of Capital One Financial in a research note on Friday, June 7th. They set a “neutral” rating for the company. Finally, JPMorgan Chase & Co. upped their price objective on Capital One Financial from $148.00 to $155.00 and gave the company a “neutral” rating in a research note on Monday, July 8th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $145.89.

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.