Advisory Services Network LLC grew its stake in shares of Capital One Financial Corporation (NYSE:COF) by 43.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,784 shares of the financial services provider’s stock after buying an additional 3,585 shares during the period. Advisory Services Network LLC’s holdings in Capital One Financial Corporation were worth $974,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in COF. BB&T Investment Services Inc. purchased a new position in Capital One Financial Corporation during the second quarter worth $108,000. Seven Eight Capital LP increased its position in Capital One Financial Corporation by 16.7% during the second quarter. Seven Eight Capital LP now owns 1,400 shares of the financial services provider’s stock worth $116,000 after buying an additional 200 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its position in Capital One Financial Corporation by 47.1% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,652 shares of the financial services provider’s stock worth $137,000 after buying an additional 529 shares in the last quarter. Westside Investment Management Inc. increased its position in Capital One Financial Corporation by 48.0% during the second quarter. Westside Investment Management Inc. now owns 1,745 shares of the financial services provider’s stock worth $143,000 after buying an additional 566 shares in the last quarter. Finally, Guardian Life Insurance Co. of America increased its position in Capital One Financial Corporation by 0.6% during the first quarter. Guardian Life Insurance Co. of America now owns 1,860 shares of the financial services provider’s stock worth $161,000 after buying an additional 11 shares in the last quarter. 88.00% of the stock is owned by institutional investors.

In related news, CEO Richard D. Fairbank sold 367,419 shares of the company’s 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.73% of the company’s stock.

COF has been the subject of several recent research reports. Instinet reissued a “buy” rating and set a $96.00 price target (down previously from $101.00) on shares of Capital One Financial Corporation in a research report on Wednesday, July 12th. BMO Capital Markets reaffirmed a “buy” rating and issued a $103.00 price objective on shares of Capital One Financial Corporation in a research report on Tuesday, June 20th. Keefe, Bruyette & Woods set a $106.00 price objective on Capital One Financial Corporation and gave the company a “buy” rating in a research report on Tuesday, August 15th. Buckingham Research began coverage on Capital One Financial Corporation in a research report on Monday, October 2nd. They issued a “buy” rating and a $99.00 price objective for the company. Finally, Morgan Stanley downgraded Capital One Financial Corporation from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $97.00 to $83.00 in a research report on Friday, September 8th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $93.36.

Shares of Capital One Financial Corporation (NYSE:COF) traded down 0.03% on Tuesday, hitting $86.82. The company’s stock had a trading volume of 333,909 shares. The stock’s 50 day moving average price is $82.38 and its 200 day moving average price is $82.25. The stock has a market capitalization of $42.02 billion, a P/E ratio of 12.66 and a beta of 1.23. Capital One Financial Corporation has a 52 week low of $71.66 and a 52 week high of $96.92.

Capital One Financial Corporation (NYSE:COF) last issued its quarterly earnings data on Thursday, July 20th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.90 by $0.06. The firm had revenue of $6.70 billion during 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%. Capital One Financial Corporation’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.76 earnings per share. On average, analysts forecast that Capital One Financial Corporation will post $7.50 earnings per share for the current fiscal year.

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

TRADEMARK VIOLATION NOTICE: “Advisory Services Network LLC Buys 3,585 Shares of Capital One Financial Corporation (COF)” was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be read at https://www.thecerbatgem.com/2017/10/17/advisory-services-network-llc-buys-3585-shares-of-capital-one-financial-corporation-cof.html.

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)

Receive News & Stock Ratings for Capital One Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital One Financial Corporation and related stocks with our FREE daily email newsletter.