Stevens Capital Management LP trimmed its position in shares of Capital One Financial Corporation (NYSE:COF) by 16.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,816 shares of the financial services provider’s stock after selling 13,271 shares during the quarter. Stevens Capital Management LP’s holdings in Capital One Financial Corporation were worth $5,768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Guardian Life Insurance Co. of America raised its holdings in Capital One Financial Corporation by 0.6% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,860 shares of the financial services provider’s stock worth $161,000 after purchasing an additional 11 shares during the period. Savant Capital LLC raised its holdings in Capital One Financial Corporation by 0.9% in the 2nd quarter. Savant Capital LLC now owns 3,213 shares of the financial services provider’s stock worth $265,000 after purchasing an additional 28 shares during the period. ARGA Investment Management LP raised its holdings in Capital One Financial Corporation by 0.3% in the 2nd quarter. ARGA Investment Management LP now owns 11,002 shares of the financial services provider’s stock worth $909,000 after purchasing an additional 32 shares during the period. Trust Co. of Virginia VA raised its holdings in Capital One Financial Corporation by 0.8% in the 1st quarter. Trust Co. of Virginia VA now owns 4,578 shares of the financial services provider’s stock worth $397,000 after purchasing an additional 35 shares during the period. Finally, Hugh Johnson Advisors LLC raised its holdings in Capital One Financial Corporation by 0.3% in the 1st quarter. Hugh Johnson Advisors LLC now owns 21,317 shares of the financial services provider’s stock worth $1,847,000 after purchasing an additional 54 shares during the period. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

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Capital One Financial Corporation (NYSE COF) opened at 80.04 on Monday. The company’s 50 day moving average is $81.97 and its 200 day moving average is $83.06. Capital One Financial Corporation has a 52-week low of $69.49 and a 52-week high of $96.92. The firm has a market cap of $38.74 billion, a P/E ratio of 11.67 and a beta of 1.22.

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 the Thomson Reuters’ consensus estimate of $1.90 by $0.06. The business 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 business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.76 earnings per share. Equities research analysts forecast that Capital One Financial Corporation will post $7.53 EPS for the current fiscal year.

Capital One Financial Corporation announced that its Board of Directors has authorized a stock buyback plan 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 shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

In other news, CEO Richard D. Fairbank sold 367,419 shares of Capital One Financial Corporation 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.73% of the stock is owned by insiders.

Several research analysts recently commented on COF shares. Compass Point started coverage on Capital One Financial Corporation in a research report on Thursday, August 10th. They issued a “neutral” rating and a $90.00 price target for the company. Keefe, Bruyette & Woods set a $106.00 price objective on shares of Capital One Financial Corporation and gave the stock a “buy” rating in a research note on Tuesday, August 15th. BMO Capital Markets reaffirmed a “buy” rating and issued a $103.00 price target on shares of Capital One Financial Corporation in a report on Tuesday, June 20th. BidaskClub lowered shares of Capital One Financial Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Zacks Investment Research raised shares of Capital One Financial Corporation from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Capital One Financial Corporation currently has an average rating of “Hold” and an average price target of $92.19.

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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