OMERS ADMINISTRATION Corp purchased a new position in Capital One Financial Corporation (NYSE:COF) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 27,900 shares of the financial services provider’s stock, valued at approximately $2,305,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its position in Capital One Financial Corporation by 10.4% in the first quarter. Bank of New York Mellon Corp now owns 6,411,412 shares of the financial services provider’s stock valued at $555,613,000 after buying an additional 605,038 shares during the last quarter. Toronto Dominion Bank raised its position in Capital One Financial Corporation by 53.0% in the first quarter. Toronto Dominion Bank now owns 133,437 shares of the financial services provider’s stock valued at $11,562,000 after buying an additional 46,227 shares during the last quarter. Sky Investment Group LLC raised its position in Capital One Financial Corporation by 9.4% in the second quarter. Sky Investment Group LLC now owns 3,380 shares of the financial services provider’s stock valued at $279,000 after buying an additional 290 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its position in Capital One Financial Corporation by 7.8% in the first quarter. Massmutual Trust Co. FSB ADV now owns 64,264 shares of the financial services provider’s stock valued at $5,569,000 after buying an additional 4,641 shares during the last quarter. Finally, Bank of The Ozarks raised its position in Capital One Financial Corporation by 14.0% in the first quarter. Bank of The Ozarks now owns 9,160 shares of the financial services provider’s stock valued at $794,000 after buying an additional 1,125 shares during the last quarter. 88.05% of the stock is owned by institutional investors.

Shares of Capital One Financial Corporation (NYSE COF) opened at 79.74 on Wednesday. Capital One Financial Corporation has a 12 month low of $68.75 and a 12 month high of $96.92. The stock has a 50 day moving average price of $83.56 and a 200 day moving average price of $84.18. The stock has a market cap of $38.59 billion, a P/E ratio of 11.63 and a beta of 1.20.

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, beating the Thomson Reuters’ consensus estimate of $1.90 by $0.06. The firm had revenue of $6.70 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the firm earned $1.76 EPS. Equities analysts anticipate that Capital One Financial Corporation will post $7.54 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Shareholders 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 2.01%. Capital One Financial Corporation’s dividend payout ratio is currently 23.43%.

Capital One Financial Corporation declared that its board has authorized a stock buyback plan on Wednesday, June 28th that authorizes the company to repurchase $1.85 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase up to 4.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

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Several equities analysts recently commented on COF shares. Instinet reiterated a “buy” rating and issued a $96.00 target price (down from $101.00) on shares of Capital One Financial Corporation in a research note on Wednesday, July 12th. BMO Capital Markets reiterated a “buy” rating and issued a $103.00 target price on shares of Capital One Financial Corporation in a research note on Tuesday, June 20th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $106.00 target price on shares of Capital One Financial Corporation in a research note on Friday, June 16th. BidaskClub upgraded Capital One Financial Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Finally, Zacks Investment Research upgraded Capital One Financial Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $92.76.

In other Capital One Financial Corporation news, CEO Richard D. Fairbank sold 367,419 shares of the 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 legal filing with the SEC, which is available through this link. 1.73% of the stock is owned by corporate insiders.

About Capital One Financial Corporation

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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