FTB Advisors Inc. increased its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 1.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,897 shares of the financial services provider’s stock after purchasing an additional 525 shares during the quarter. FTB Advisors Inc.’s holdings in Capital One Financial Corporation were worth $4,396,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of COF. BlackRock Inc. increased its position in shares of Capital One Financial Corporation by 3,066.1% during the 1st 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 last quarter. Davis Selected Advisers grew its position in Capital One Financial Corporation by 112.8% in the 2nd quarter. Davis Selected Advisers now owns 8,061,905 shares of the financial services provider’s stock valued at $666,075,000 after acquiring an additional 4,274,053 shares in the last quarter. AQR Capital Management LLC grew its position in Capital One Financial Corporation by 71.8% in the 1st quarter. AQR Capital Management LLC now owns 3,255,551 shares of the financial services provider’s stock valued at $282,126,000 after acquiring an additional 1,360,057 shares in the last quarter. Prudential Financial Inc. grew its position in Capital One Financial Corporation by 106.6% in the 1st quarter. Prudential Financial Inc. now owns 2,321,767 shares of the financial services provider’s stock valued at $201,204,000 after acquiring an additional 1,197,860 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Capital One Financial Corporation by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 31,454,174 shares of the financial services provider’s stock valued at $2,725,818,000 after acquiring an additional 963,101 shares in the last quarter. 87.99% of the stock is owned by hedge funds and other institutional investors.

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 value of $31,972,801.38. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.73% of the company’s stock.

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Capital One Financial Corporation (NYSE COF) traded up 0.63% during mid-day trading on Thursday, reaching $86.88. The company’s stock had a trading volume of 354,923 shares. Capital One Financial Corporation has a 1-year low of $70.50 and a 1-year high of $96.92. The company has a market capitalization of $42.05 billion, a PE ratio of 12.67 and a beta of 1.23. The firm has a 50 day moving average price of $81.43 and a 200-day moving average price of $82.15.

Capital One Financial Corporation (NYSE:COF) last issued its quarterly earnings results on Thursday, July 20th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.06. Capital One Financial Corporation had a return on equity of 7.92% and a net margin of 13.32%. The company had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $6.68 billion. During the same period last year, the firm earned $1.76 EPS. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, equities analysts predict that Capital One Financial Corporation will post $7.52 EPS for the current fiscal year.

Capital One Financial Corporation declared that its Board of Directors has initiated a share buyback program on Wednesday, June 28th that authorizes the company to repurchase $1.85 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase up to 4.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Several equities analysts have weighed in on the company. Compass Point assumed coverage on Capital One Financial Corporation in a research report on Thursday, August 10th. They issued a “neutral” rating and a $90.00 target price for the company. Keefe, Bruyette & Woods set a $106.00 target price on Capital One Financial Corporation and gave the company a “buy” rating in a research report on Tuesday, August 15th. Buckingham Research assumed coverage on Capital One Financial Corporation in a research report on Monday. They issued a “buy” rating and a $99.00 target price for the company. BidaskClub downgraded Capital One Financial Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $103.00 target price on shares of Capital One Financial Corporation in a research report on Tuesday, June 20th. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $92.27.

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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