Renaissance Group LLC lowered its stake in shares of Capital One Financial Corporation (NYSE:COF) by 0.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 27,374 shares of the financial services provider’s stock after selling 34 shares during the period. Renaissance Group LLC’s holdings in Capital One Financial Corporation were worth $2,262,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Guardian Life Insurance Co. of America increased its position in 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 period. 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. Lowe Brockenbrough & Co. Inc. acquired a new position in shares of Capital One Financial Corporation during the first quarter valued at approximately $207,000. Buckingham Asset Management LLC acquired a new position in shares of Capital One Financial Corporation during the first quarter valued at approximately $212,000. Finally, Aspiriant LLC acquired a new position in shares of Capital One Financial Corporation during the second quarter valued at approximately $205,000. Institutional investors own 88.05% of the company’s stock.

Shares of Capital One Financial Corporation (NYSE COF) opened at 80.55 on Tuesday. Capital One Financial Corporation has a one year low of $68.75 and a one year high of $96.92. The stock has a market cap of $38.99 billion, a price-to-earnings ratio of 11.75 and a beta of 1.20. The company has a 50 day moving average price of $83.56 and a 200-day moving average price of $84.18.

Capital One Financial Corporation (NYSE:COF) last released its quarterly earnings data on Thursday, July 20th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.06. Capital One Financial Corporation had a net margin of 13.32% and a return on equity of 7.92%. The company had revenue of $6.70 billion during the quarter, compared to analyst estimates of $6.68 billion. During the same quarter in the prior year, the business earned $1.76 earnings per share. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. Equities analysts predict that Capital One Financial Corporation will post $7.54 earnings per share for the current fiscal year.

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

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Monday, August 7th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend was Thursday, August 3rd. Capital One Financial Corporation’s payout ratio is currently 23.43%.

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Several equities analysts have recently commented on COF shares. Wedbush downgraded Capital One Financial Corporation from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $94.00 to $80.00 in a research report on Wednesday, July 5th. Deutsche Bank AG upgraded Capital One Financial Corporation from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a research report on Monday, May 1st. Wells Fargo & Company restated a “market perform” rating and issued a $85.00 price objective (down from $88.00) on shares of Capital One Financial Corporation in a research report on Sunday, May 21st. Oppenheimer Holdings, Inc. upgraded Capital One Financial Corporation from an “underperform” rating to a “market perform” rating and set a $82.00 price objective on the stock in a research report on Friday, July 21st. Finally, Morgan Stanley restated an “overweight” rating and issued a $97.00 price objective (down from $100.00) on shares of Capital One Financial Corporation in a research report on Thursday, July 6th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Capital One Financial Corporation currently has a consensus rating of “Hold” and a consensus target price of $92.76.

In other news, CEO Richard D. Fairbank sold 367,419 shares of the stock in a transaction 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 Securities & Exchange Commission, which is accessible through this hyperlink. 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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