Capital One Financial Corporation (COF) Position Increased by Quantum Capital Management

Quantum Capital Management lifted its stake in Capital One Financial Corporation (NYSE:COF) by 0.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,117 shares of the financial services provider’s stock after purchasing an additional 37 shares during the period. Quantum Capital Management’s holdings in Capital One Financial Corporation were worth $1,332,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Seven Eight Capital LP lifted its stake in shares of Capital One Financial Corporation by 16.7% in the second quarter. Seven Eight Capital LP now owns 1,400 shares of the financial services provider’s stock valued at $116,000 after purchasing an additional 200 shares during the period. Bronfman E.L. Rothschild L.P. increased its holdings in Capital One Financial Corporation by 47.1% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,652 shares of the financial services provider’s stock valued at $137,000 after acquiring an additional 529 shares in the last quarter. Guardian Life Insurance Co. of America increased its holdings in 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 valued at $161,000 after acquiring an additional 11 shares in the last quarter. SRS Capital Advisors Inc. increased its holdings in 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 valued at $198,000 after acquiring an additional 326 shares in the last quarter. Finally, Lowe Brockenbrough & Co. Inc. purchased a new position in Capital One Financial Corporation during the 1st quarter valued at about $207,000. Hedge funds and other institutional investors own 87.99% of the company’s stock.

Capital One Financial Corporation (NYSE:COF) last issued its earnings results on Thursday, July 20th. The financial services provider reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.06. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $6.68 billion. Capital One Financial Corporation had a return on equity of 7.92% and a net margin of 13.32%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.76 EPS.

Capital One Financial Corporation declared that its board has approved a share repurchase program on Wednesday, June 28th that permits the company to repurchase $1.85 billion in outstanding shares. This repurchase authorization permits the financial services provider to buy up to 4.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Several equities analysts have weighed in on COF shares. BidaskClub upgraded shares of Capital One Financial Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Keefe, Bruyette & Woods restated a “buy” rating and set a $106.00 target price on shares of Capital One Financial Corporation in a report on Friday, June 16th. BMO Capital Markets restated a “buy” rating and set a $103.00 target price on shares of Capital One Financial Corporation in a report on Tuesday, June 20th. Wedbush downgraded shares of Capital One Financial Corporation from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $94.00 to $80.00 in a report on Wednesday, July 5th. Finally, Morgan Stanley restated an “overweight” rating and set a $97.00 target price (down from $100.00) on shares of Capital One Financial Corporation in a report on Thursday, July 6th. Five equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Capital One Financial Corporation presently has an average rating of “Hold” and a consensus price target of $91.68.

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In other news, CEO Richard D. Fairbank sold 367,419 shares of the company’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $87.02, for a total value of $31,972,801.38. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.73% of the stock is owned by corporate insiders.

Capital One Financial Corporation 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.

Institutional Ownership by Quarter for Capital One Financial Corporation (NYSE:COF)

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