Sciencast Management LP acquired a new stake in shares of Capital One Financial Corporation (NYSE:COF) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,991 shares of the financial services provider’s stock, valued at approximately $412,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. South State Corp grew its holdings in shares of Capital One Financial Corporation by 9.2% during the second quarter. South State Corp now owns 65,457 shares of the financial services provider’s stock valued at $5,408,000 after buying an additional 5,510 shares during the last quarter. Sky Investment Group LLC grew its holdings in shares of Capital One Financial Corporation by 9.4% during 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. CNA Financial Corp grew its holdings in shares of Capital One Financial Corporation by 20.6% during the second quarter. CNA Financial Corp now owns 31,827 shares of the financial services provider’s stock valued at $2,630,000 after buying an additional 5,427 shares during the last quarter. Bank of The Ozarks grew its holdings in shares of Capital One Financial Corporation by 14.0% during 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. Finally, AXA grew its holdings in shares of Capital One Financial Corporation by 28.5% during the first quarter. AXA now owns 148,167 shares of the financial services provider’s stock valued at $12,840,000 after buying an additional 32,893 shares during the last quarter. Hedge funds and other institutional investors own 87.99% of the company’s stock.

In related news, CEO Richard D. Fairbank sold 367,419 shares of the firm’s stock in a transaction that occurred 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 filing with the SEC, which is available at this hyperlink. Company insiders own 1.73% of the company’s stock.

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Capital One Financial Corporation (NYSE:COF) traded down 0.06% during mid-day trading on Friday, hitting $87.04. 1,914,810 shares of the stock traded hands. The stock has a market cap of $42.13 billion, a price-to-earnings ratio of 12.69 and a beta of 1.23. Capital One Financial Corporation has a 1-year low of $70.50 and a 1-year high of $96.92. The company’s 50 day moving average price is $81.67 and its 200-day moving average price is $82.18.

Capital One Financial Corporation (NYSE:COF) last announced its quarterly earnings results on Thursday, July 20th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.06. The firm 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 last year, the firm posted $1.76 EPS. Analysts predict that Capital One Financial Corporation will post $7.52 earnings per share for the current year.

Capital One Financial Corporation declared that its board has initiated a share repurchase program on Wednesday, June 28th that allows the company to repurchase $1.85 billion in outstanding shares. This repurchase authorization allows the financial services provider to buy up to 4.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its stock is undervalued.

A number of research analysts have recently issued reports on COF shares. Zacks Investment Research upgraded shares of Capital One Financial Corporation from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. UBS AG upgraded shares of Capital One Financial Corporation from an “underperform” rating to a “market perform” rating in a report on Friday, July 21st. BidaskClub cut shares of Capital One Financial Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. Keefe, Bruyette & Woods set a $106.00 price objective on shares of Capital One Financial Corporation and gave the company a “buy” rating in a report on Tuesday, August 15th. Finally, Instinet reiterated a “buy” rating and set a $96.00 price objective (down from $101.00) on shares of Capital One Financial Corporation in a report on Wednesday, July 12th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $92.86.

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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