Employees Retirement System of Texas lessened its stake in Capital One Financial Corporation (NYSE:COF) by 67.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 41,500 shares of the financial services provider’s stock after selling 87,900 shares during the period. Employees Retirement System of Texas’ holdings in Capital One Financial Corporation were worth $3,429,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Capital One Financial Corporation by 1.1% in the second quarter. Vanguard Group Inc. now owns 31,789,748 shares of the financial services provider’s stock valued at $2,626,469,000 after buying an additional 335,574 shares during the period. BlackRock Inc. lifted its stake in Capital One Financial Corporation by 3,066.1% during the first quarter. BlackRock Inc. now owns 31,294,690 shares of the financial services provider’s stock worth $2,711,996,000 after purchasing an additional 30,306,250 shares during the period. State Street Corp lifted its stake in Capital One Financial Corporation by 0.7% during the first quarter. State Street Corp now owns 21,864,090 shares of the financial services provider’s stock worth $1,894,742,000 after purchasing an additional 157,141 shares during the period. Franklin Resources Inc. lifted its stake in Capital One Financial Corporation by 2.4% during the second quarter. Franklin Resources Inc. now owns 13,739,126 shares of the financial services provider’s stock worth $1,135,064,000 after purchasing an additional 322,243 shares during the period. Finally, Davis Selected Advisers lifted its stake in Capital One Financial Corporation by 112.8% during the second quarter. Davis Selected Advisers now owns 8,061,905 shares of the financial services provider’s stock worth $666,075,000 after purchasing an additional 4,274,053 shares during the period. Institutional investors and hedge funds own 87.99% of the company’s stock.

Shares of Capital One Financial Corporation (NYSE COF) opened at 87.04 on Monday. Capital One Financial Corporation has a 12-month low of $70.50 and a 12-month high of $96.92. The firm has a market cap of $42.13 billion, a price-to-earnings ratio of 12.69 and a beta of 1.23. The firm’s 50-day moving average is $81.67 and its 200-day moving average is $82.18.

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 (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.90 by $0.06. The firm 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 company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.76 earnings per share. Analysts predict that Capital One Financial Corporation will post $7.52 earnings per share for the current fiscal year.

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

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A number of research analysts have commented on COF shares. Keefe, Bruyette & Woods restated a “buy” rating and set a $106.00 price target on shares of Capital One Financial Corporation in a research note on Friday, June 16th. BMO Capital Markets restated a “buy” rating and set a $103.00 price target on shares of Capital One Financial Corporation in a research note on Tuesday, June 20th. BidaskClub upgraded shares of Capital One Financial Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Wedbush cut shares of Capital One Financial Corporation from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $94.00 to $80.00 in a research note on Wednesday, July 5th. Finally, Morgan Stanley restated an “overweight” rating and set a $97.00 price target (down previously from $100.00) on shares of Capital One Financial Corporation in a research note on Thursday, July 6th. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Capital One Financial Corporation has an average rating of “Hold” and a consensus target price of $92.86.

In other news, CEO Richard D. Fairbank sold 367,419 shares of the firm’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $87.02, for a total transaction of $31,972,801.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.73% of the stock is currently owned by company 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.

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

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