Buckingham Asset Management LLC decreased its position in Capital One Financial Corporation (NYSE:COF) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,434 shares of the financial services provider’s stock after selling 12 shares during the period. Buckingham Asset Management LLC’s holdings in Capital One Financial Corporation were worth $201,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Guardian Life Insurance Co. of America increased its position in 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. SRS Capital Advisors Inc. increased its position in Capital One Financial Corporation by 16.6% in the first quarter. SRS Capital Advisors Inc. now owns 2,289 shares of the financial services provider’s stock worth $198,000 after buying an additional 326 shares during the period. Private Trust Co. NA purchased a new position in Capital One Financial Corporation during the second quarter worth $205,000. Aspiriant LLC purchased a new position in Capital One Financial Corporation during the second quarter worth $205,000. Finally, Lowe Brockenbrough & Co. Inc. purchased a new position in Capital One Financial Corporation during the first quarter worth $207,000. 88.05% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Corporation (COF) opened at 80.55 on Tuesday. The firm’s 50-day moving average price is $83.56 and its 200 day moving average price is $84.18. Capital One Financial Corporation has a 52-week low of $68.75 and a 52-week high of $96.92. The company has a market cap of $38.99 billion, a PE ratio of 11.75 and a beta of 1.20.

Capital One Financial Corporation (NYSE:COF) last released 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 company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $6.68 billion. Capital One Financial Corporation had a return on equity of 7.92% and a net margin of 13.32%. Capital One Financial Corporation’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.76 earnings per share. On average, equities analysts predict that Capital One Financial Corporation will post $7.54 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Monday, August 7th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $1.60 annualized dividend and a yield of 1.99%. Capital One Financial Corporation’s dividend payout ratio (DPR) is presently 23.43%.

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

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A number of equities analysts have weighed in on COF shares. Instinet reaffirmed 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 set a $103.00 price target on shares of Capital One Financial Corporation in a research report on Tuesday, June 20th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $106.00 price target on shares of Capital One Financial Corporation in a research report on Friday, June 16th. Deutsche Bank AG raised Capital One Financial Corporation from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a research report on Monday, May 1st. Finally, BidaskClub raised Capital One Financial Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $92.76.

In related news, CEO Richard D. Fairbank sold 367,419 shares of Capital One Financial Corporation stock in a transaction on Wednesday, July 26th. The stock was 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 SEC, which is available through the SEC website. 1.73% of the stock is currently owned by insiders.

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)

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