B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund held its position in Capital One Financial Corporation (NYSE:COF) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,586 shares of the financial services provider’s stock at the end of the second quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings in Capital One Financial Corporation were worth $2,197,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of COF. Vanguard Group Inc. increased its position in shares of Capital One Financial Corporation by 3.2% in the first quarter. Vanguard Group Inc. now owns 31,454,174 shares of the financial services provider’s stock valued at $2,725,818,000 after buying an additional 963,101 shares in the last quarter. BlackRock Inc. increased its stake in Capital One Financial Corporation by 3,066.1% in the first quarter. BlackRock Inc. now owns 31,294,690 shares of the financial services provider’s stock valued at $2,711,996,000 after buying an additional 30,306,250 shares during the period. State Street Corp increased its stake in Capital One Financial Corporation by 0.7% in the first quarter. State Street Corp now owns 21,864,090 shares of the financial services provider’s stock valued at $1,894,742,000 after buying an additional 157,141 shares during the period. Bank of New York Mellon Corp increased its stake in Capital One Financial Corporation by 6.7% in the second quarter. Bank of New York Mellon Corp now owns 6,840,874 shares of the financial services provider’s stock valued at $565,193,000 after buying an additional 429,462 shares during the period. Finally, Geode Capital Management LLC increased its stake in Capital One Financial Corporation by 2.5% in the first quarter. Geode Capital Management LLC now owns 4,684,142 shares of the financial services provider’s stock valued at $405,344,000 after buying an additional 113,839 shares during the period. Hedge funds and other institutional investors own 87.56% of the company’s stock.

Shares of Capital One Financial Corporation (NYSE:COF) traded up 0.87% during midday trading on Friday, hitting $82.14. 125,994 shares of the stock were exchanged. Capital One Financial Corporation has a 12 month low of $68.75 and a 12 month high of $96.92. The stock has a market cap of $39.76 billion, a price-to-earnings ratio of 11.98 and a beta of 1.20. The firm’s 50-day moving average is $83.57 and its 200-day moving average is $84.23.

Capital One Financial Corporation (NYSE:COF) last announced its quarterly earnings results on Thursday, July 20th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.90 by $0.06. The business had revenue of $6.70 billion during 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 business’s revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.76 EPS. Equities research analysts predict that Capital One Financial Corporation will post $7.54 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Monday, August 7th were issued a $0.40 dividend. The ex-dividend date was Thursday, August 3rd. This represents a $1.60 annualized dividend and a yield of 1.96%. Capital One Financial Corporation’s payout ratio is 23.43%.

Capital One Financial Corporation announced that its Board of Directors has initiated a share repurchase program on Wednesday, June 28th that authorizes the company to repurchase $1.85 billion in shares. This repurchase authorization authorizes the financial services provider to buy up to 4.6% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

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Several equities analysts have weighed in on the company. BMO Capital Markets reaffirmed a “buy” rating and issued a $103.00 price objective on shares of Capital One Financial Corporation in a report on Tuesday, June 20th. Oppenheimer Holdings, Inc. set a $82.00 price objective on Capital One Financial Corporation and gave the company a “sell” rating in a report on Tuesday, July 11th. Barclays PLC reaffirmed an “overweight” rating and issued a $105.00 price objective on shares of Capital One Financial Corporation in a report on Saturday, July 22nd. BidaskClub cut Capital One Financial Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. Finally, CIBC raised Capital One Financial Corporation from an “underperform” rating to a “market perform” rating in a report on Friday, July 21st. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $92.76.

In related news, CEO Richard D. Fairbank sold 367,419 shares of the firm’s stock in a transaction that occurred on 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 document filed with the SEC, which is available at this hyperlink. Company 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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Institutional Ownership by Quarter for Capital One Financial Corporation (NYSE:COF)

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