PGGM Investments lowered its position in Capital One Financial Corporation (NYSE:COF) by 1.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 688,905 shares of the financial services provider’s stock after selling 8,014 shares during the period. PGGM Investments owned approximately 0.14% of Capital One Financial Corporation worth $56,917,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of COF. Quadrant Capital Group LLC increased its position in shares of Capital One Financial Corporation by 2.5% in the first quarter. Quadrant Capital Group LLC now owns 1,472 shares of the financial services provider’s stock valued at $121,000 after buying an additional 36 shares during the last quarter. Guardian Life Insurance Co. of America increased its position in shares of Capital One Financial Corporation by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 1,860 shares of the financial services provider’s stock valued at $161,000 after buying an additional 11 shares during the last quarter. SRS Capital Advisors Inc. increased its position in shares of Capital One Financial Corporation by 16.6% in the first quarter. SRS Capital Advisors Inc. now owns 2,289 shares of the financial services provider’s stock valued at $198,000 after buying an additional 326 shares during the last quarter. Private Trust Co. NA bought a new position in shares of Capital One Financial Corporation during the second quarter valued at approximately $205,000. Finally, Lowe Brockenbrough & Co. Inc. bought a new position in shares of Capital One Financial Corporation during the first quarter valued at approximately $207,000. 87.71% of the stock is owned by institutional investors.

Capital One Financial Corporation (NYSE COF) traded up 0.88% on Monday, hitting $85.15. 1,388,258 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $82.67 and a 200-day moving average price of $84.69. The stock has a market cap of $41.21 billion, a P/E ratio of 12.42 and a beta of 1.20. Capital One Financial Corporation has a 52-week low of $66.61 and a 52-week high of $96.92.

Capital One Financial Corporation (NYSE:COF) last released its 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. The firm had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $6.68 billion. Capital One Financial Corporation had a net margin of 13.32% and a return on equity of 7.92%. The company’s revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.76 EPS. Analysts predict that Capital One Financial Corporation will post $7.53 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Monday, August 7th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend is Thursday, August 3rd. Capital One Financial Corporation’s dividend payout ratio is presently 23.43%.

Capital One Financial Corporation announced that its board has authorized a share buyback program on Wednesday, June 28th that allows the company to repurchase $1.85 billion in outstanding shares. This repurchase authorization allows the financial services provider to repurchase up to 4.6% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.

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COF has been the subject of several research reports. Nomura reissued a “buy” rating and issued a $101.00 price objective on shares of Capital One Financial Corporation in a research note on Wednesday, April 26th. Wells Fargo & Company restated a “market perform” rating and issued a $85.00 price target (down from $88.00) on shares of Capital One Financial Corporation in a research report on Sunday, May 21st. Deutsche Bank AG upgraded shares of Capital One Financial Corporation from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a research report on Monday, May 1st. Morgan Stanley restated an “overweight” rating and issued a $97.00 price target (down from $100.00) on shares of Capital One Financial Corporation in a research report on Thursday, July 6th. Finally, Rafferty Capital Markets cut shares of Capital One Financial Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Capital One Financial Corporation currently has an average rating of “Hold” and a consensus price target of $92.90.

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

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.

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

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