New Jersey Better Educational Savings Trust purchased a new position in shares of Capital One Financial Corporation (NYSE:COF) during the second quarter, Holdings Channel reports. The firm purchased 6,000 shares of the financial services provider’s stock, valued at approximately $496,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in COF. Guardian Life Insurance Co. of America raised its position in shares of Capital One Financial Corporation by 0.6% in 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 during the period. Trust Co. of Virginia VA raised its position in shares of Capital One Financial Corporation by 0.8% in the first quarter. Trust Co. of Virginia VA now owns 4,578 shares of the financial services provider’s stock worth $397,000 after buying an additional 35 shares during the period. Quadrant Capital Group LLC raised its position in shares of Capital One Financial Corporation by 2.5% in the first quarter. Quadrant Capital Group LLC now owns 1,472 shares of the financial services provider’s stock worth $121,000 after buying an additional 36 shares during the period. Hugh Johnson Advisors LLC raised its position in shares of Capital One Financial Corporation by 0.3% in the first quarter. Hugh Johnson Advisors LLC now owns 21,317 shares of the financial services provider’s stock worth $1,847,000 after buying an additional 54 shares during the period. Finally, Union Bankshares Corp raised its position in shares of Capital One Financial Corporation by 1.0% in the second quarter. Union Bankshares Corp now owns 8,814 shares of the financial services provider’s stock worth $728,000 after buying an additional 86 shares during the period. Institutional investors and hedge funds own 87.71% of the company’s stock.

Capital One Financial Corporation (COF) opened at 85.14 on Thursday. Capital One Financial Corporation has a 52 week low of $66.81 and a 52 week high of $96.92. The company has a 50-day moving average of $83.36 and a 200 day moving average of $84.64. The company has a market cap of $41.21 billion, a P/E ratio of 12.41 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 EPS for the quarter, topping the Zacks’ consensus estimate of $1.90 by $0.06. Capital One Financial Corporation had a net margin of 13.32% and a return on equity of 7.92%. The business had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $6.68 billion. During the same quarter in the previous year, the company earned $1.76 EPS. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, equities analysts forecast that Capital One Financial Corporation will post $7.54 EPS for the current fiscal year.

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

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Monday, August 7th will be paid a $0.40 dividend. The ex-dividend date is Thursday, August 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 1.88%. Capital One Financial Corporation’s dividend payout ratio is presently 23.43%.

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A number of brokerages recently commented on COF. BMO Capital Markets reiterated a “buy” rating and issued a $103.00 price target on shares of Capital One Financial Corporation in a research note on Tuesday, June 20th. Oppenheimer Holdings, Inc. set a $82.00 price target on shares of Capital One Financial Corporation and gave the company a “sell” rating in a research note on Tuesday, July 11th. Barclays PLC reiterated an “overweight” rating and issued a $105.00 price target on shares of Capital One Financial Corporation in a research note on Saturday, July 22nd. Compass Point began coverage on shares of Capital One Financial Corporation in a research note on Thursday. They issued a “neutral” rating and a $90.00 price target on the stock. Finally, CIBC upgraded shares of Capital One Financial Corporation from an “underperform” rating to a “market perform” rating in a research note on Friday, July 21st. Three 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 assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $92.76.

In other Capital One Financial Corporation news, CEO Richard D. Fairbank sold 367,419 shares of the business’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 legal filing with the Securities & Exchange Commission, which is available at this link. 1.73% of the stock is owned by 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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