Federated Investors Inc. PA grew its stake in Capital One Financial Corporation (NYSE:COF) by 36.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,957 shares of the financial services provider’s stock after purchasing an additional 5,624 shares during the period. Federated Investors Inc. PA’s holdings in Capital One Financial Corporation were worth $1,732,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the business. Guardian Life Insurance Co. of America raised its stake in shares of Capital One Financial Corporation by 0.6% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,860 shares of the financial services provider’s stock worth $161,000 after buying an additional 11 shares during the period. SRS Capital Advisors Inc. raised its stake in shares of Capital One Financial Corporation by 16.6% during the 1st quarter. SRS Capital Advisors Inc. now owns 2,289 shares of the financial services provider’s stock worth $198,000 after buying an additional 326 shares during the period. Private Trust Co. NA acquired a new position in shares of Capital One Financial Corporation during the 2nd quarter worth approximately $205,000. Aspiriant LLC acquired a new position in shares of Capital One Financial Corporation during the 2nd quarter worth approximately $205,000. Finally, Lowe Brockenbrough & Co. Inc. acquired a new position in shares of Capital One Financial Corporation during the 1st quarter worth approximately $207,000. Institutional investors and hedge funds own 88.05% of the company’s stock.
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Shares of Capital One Financial Corporation (NYSE COF) opened at 78.21 on Monday. The stock has a market capitalization of $37.85 billion, a PE ratio of 11.40 and a beta of 1.22. The firm has a 50-day moving average price of $82.97 and a 200 day moving average price of $83.54. Capital One Financial Corporation has a one year low of $69.49 and a one year high of $96.92.
Capital One Financial Corporation (NYSE:COF) last released its quarterly earnings results on Thursday, July 20th. The financial services provider reported $1.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.90 by $0.06. Capital One Financial Corporation had a return on equity of 7.92% and a net margin of 13.32%. The company had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $6.68 billion. During the same period in the previous year, the firm posted $1.76 earnings per share. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, equities analysts expect that Capital One Financial Corporation will post $7.54 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Monday, August 7th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $1.60 annualized dividend and a yield of 2.05%. Capital One Financial Corporation’s payout ratio is currently 23.43%.
Capital One Financial Corporation declared that its board has approved a stock buyback plan on Wednesday, June 28th that allows the company to repurchase $1.85 billion in shares. This repurchase authorization allows the financial services provider to purchase up to 4.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.
Several brokerages have recently weighed in on COF. BMO Capital Markets reaffirmed a “buy” rating and set a $103.00 target price on shares of Capital One Financial Corporation in a research note on Tuesday, June 20th. Oppenheimer Holdings, Inc. set a $82.00 target price on Capital One Financial Corporation and gave the stock a “sell” rating in a research note on Tuesday, July 11th. Barclays PLC reaffirmed an “overweight” rating and set a $105.00 target price on shares of Capital One Financial Corporation in a research note on Saturday, July 22nd. BidaskClub downgraded Capital One Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Finally, Compass Point began coverage on Capital One Financial Corporation in a research note on Thursday, August 10th. They set a “neutral” rating and a $90.00 target price for the company. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Capital One Financial Corporation presently has an average rating of “Hold” and an average target price of $92.19.
In related news, CEO Richard D. Fairbank sold 367,419 shares of the company’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $87.02, for a total value of $31,972,801.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.73% of the company’s stock.
Capital One Financial Corporation Company Profile
Capital One Financial Corporation is a diversified financial services holding company. The Company, along with its subsidiaries, offers a range of financial products and services to consumers, small businesses and commercial clients through branches, the Internet and other distribution channels. The Company’s segments include Credit Card, Consumer Banking, Commercial Banking and Other.
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