Burney Co. boosted its position in shares of Capital One Financial Corporation (NYSE:COF) by 1.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 96,476 shares of the financial services provider’s stock after buying an additional 1,498 shares during the period. Burney Co.’s holdings in Capital One Financial Corporation were worth $7,860,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Oppenheimer Asset Management Inc. boosted its position in shares of Capital One Financial Corporation by 24.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 21,558 shares of the financial services provider’s stock worth $1,781,000 after buying an additional 4,290 shares during the last quarter. Delta Lloyd Asset Management N.V. purchased a new position in shares of Capital One Financial Corporation during the second quarter worth $5,333,000. Bronfman E.L. Rothschild L.P. boosted its position in shares of Capital One Financial Corporation by 47.1% in 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 during the last quarter. Evanston Investments Inc. dba Evanston Advisors boosted its position in shares of Capital One Financial Corporation by 8.3% in the second quarter. Evanston Investments Inc. dba Evanston Advisors now owns 91,782 shares of the financial services provider’s stock worth $7,583,000 after buying an additional 7,043 shares during the last quarter. Finally, ARGA Investment Management LP boosted its position in shares of Capital One Financial Corporation by 0.3% in the second quarter. ARGA Investment Management LP now owns 11,002 shares of the financial services provider’s stock worth $909,000 after buying an additional 32 shares during the last quarter. Hedge funds and other institutional investors own 88.05% of the company’s stock.

Shares of Capital One Financial Corporation (NYSE:COF) traded up 1.43% during mid-day trading on Friday, reaching $80.75. The company had a trading volume of 259,615 shares. Capital One Financial Corporation has a 52-week low of $68.75 and a 52-week high of $96.92. The company’s 50-day moving average price is $83.34 and its 200-day moving average price is $83.95. The company has a market capitalization of $39.08 billion, a PE ratio of 11.77 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. 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 last year, the company earned $1.76 earnings per share. The firm’s revenue was up 7.2% on a year-over-year basis. On average, analysts forecast that Capital One Financial Corporation will post $7.54 earnings per share for the current fiscal year.

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

The business also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Monday, August 7th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.01%. The ex-dividend date was Thursday, August 3rd. Capital One Financial Corporation’s payout ratio is presently 23.43%.

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A number of brokerages recently weighed in on COF. Keefe, Bruyette & Woods set a $106.00 target price on Capital One Financial Corporation and gave the company a “buy” rating in a report on Tuesday, August 15th. BidaskClub cut Capital One Financial Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. Compass Point began coverage on Capital One Financial Corporation in a report on Thursday, August 10th. They issued a “neutral” rating and a $90.00 target price on the stock. Zacks Investment Research upgraded Capital One Financial Corporation from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Finally, Wedbush reiterated a “sell” rating on shares of Capital One Financial Corporation in a report on Saturday, July 22nd. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Capital One Financial Corporation presently has an average rating of “Hold” and an average target price of $92.76.

In related news, CEO Richard D. Fairbank sold 367,419 shares of the stock in a transaction dated 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 accessible through this hyperlink. 1.73% of the stock is currently owned by company 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.

Institutional Ownership by Quarter for Capital One Financial Corporation (NYSE:COF)

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