Dowling & Yahnke LLC cut its position in shares of Capital One Financial Corporation (NYSE:COF) by 2.7% during the second quarter, Holdings Channel reports. The fund owned 10,434 shares of the financial services provider’s stock after selling 295 shares during the period. Dowling & Yahnke LLC’s holdings in Capital One Financial Corporation were worth $862,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. Guardian Life Insurance Co. of America boosted its stake 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 last quarter. SRS Capital Advisors Inc. boosted its stake in shares of 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 last quarter. Lowe Brockenbrough & Co. Inc. purchased a new stake in shares of Capital One Financial Corporation during the first quarter worth about $207,000. Buckingham Asset Management LLC purchased a new stake in shares of Capital One Financial Corporation during the first quarter worth about $212,000. Finally, Private Trust Co. NA purchased a new stake in shares of Capital One Financial Corporation during the second quarter worth about $205,000. 87.56% of the stock is currently owned by institutional investors.

Shares of Capital One Financial Corporation (COF) opened at 84.15 on Wednesday. Capital One Financial Corporation has a 52-week low of $67.18 and a 52-week high of $96.92. The company’s 50 day moving average is $83.73 and its 200 day moving average is $84.47. The firm has a market cap of $40.73 billion, a price-to-earnings ratio of 12.27 and a beta of 1.20.

Capital One Financial Corporation (NYSE:COF) last posted 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 net margin of 13.32% and a return on equity of 7.92%. The company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $6.68 billion. During the same quarter in the previous year, the firm posted $1.76 earnings per share. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. Analysts anticipate that Capital One Financial Corporation will post $7.54 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Monday, August 7th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Thursday, August 3rd. Capital One Financial Corporation’s dividend payout ratio (DPR) is currently 23.43%.

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

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A number of equities research analysts have recently issued reports on the stock. Compass Point assumed coverage on shares of 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 raised shares of Capital One Financial Corporation from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. BidaskClub cut shares of Capital One Financial Corporation from a “sell” rating to a “strong sell” rating in a report on Monday. BMO Capital Markets reaffirmed a “buy” rating and issued a $103.00 target price on shares of Capital One Financial Corporation in a report on Tuesday, June 20th. Finally, Oppenheimer Holdings, Inc. raised shares of Capital One Financial Corporation from an “underperform” rating to a “market perform” rating and set a $82.00 target price on the stock in a report on Friday, July 21st. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $92.76.

In other 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 document filed with the SEC, which is available at the SEC website. Insiders own 1.73% of the company’s stock.

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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