Macguire Cheswick & Tuttle Investment Counsel LLC cut its position in Capital One Financial Corporation (NYSE:COF) by 4.6% during the second quarter, Holdings Channel reports. The firm owned 93,318 shares of the financial services provider’s stock after selling 4,485 shares during the period. Capital One Financial Corporation accounts for approximately 1.6% of Macguire Cheswick & Tuttle Investment Counsel LLC’s portfolio, making the stock its 26th largest position. Macguire Cheswick & Tuttle Investment Counsel LLC’s holdings in Capital One Financial Corporation were worth $7,710,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of COF. Creative Planning boosted its position in Capital One Financial Corporation by 33.4% in the first quarter. Creative Planning now owns 12,333 shares of the financial services provider’s stock worth $1,069,000 after buying an additional 3,090 shares during the period. Quadrant Capital Group LLC boosted its position in 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. Bank of Montreal Can boosted its position in Capital One Financial Corporation by 17.9% in the first quarter. Bank of Montreal Can now owns 432,909 shares of the financial services provider’s stock worth $37,516,000 after buying an additional 65,841 shares during the period. Weybosset Research & Management LLC boosted its position in Capital One Financial Corporation by 3.5% in the first quarter. Weybosset Research & Management LLC now owns 73,430 shares of the financial services provider’s stock worth $6,363,000 after buying an additional 2,449 shares during the period. Finally, Parametrica Management Ltd bought a new position in Capital One Financial Corporation during the first quarter worth approximately $305,000. 87.71% of the stock is owned by hedge funds and other institutional investors.

Shares of Capital One Financial Corporation (NYSE:COF) opened at 82.80 on Friday. Capital One Financial Corporation has a 12 month low of $67.97 and a 12 month high of $96.92. The stock’s 50 day moving average is $83.49 and its 200 day moving average is $84.60. The firm has a market cap of $40.08 billion, a P/E ratio of 12.07 and a beta of 1.20.

Capital One Financial Corporation (NYSE:COF) last announced its quarterly earnings data 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 return on equity of 7.92% and a net margin of 13.32%. The firm had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter in the previous year, the company posted $1.76 earnings per share. The business’s revenue was up 7.2% on a year-over-year basis. Equities research analysts expect that Capital One Financial Corporation will post $7.54 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Monday, August 7th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.93%. Capital One Financial Corporation’s dividend payout ratio is presently 23.43%.

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

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COF has been the subject of a number of research reports. Evercore ISI reissued an “underperform” rating and issued a $94.00 target price on shares of Capital One Financial Corporation in a report on Wednesday, April 19th. Rafferty Capital Markets cut shares of Capital One Financial Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. Oppenheimer Holdings, Inc. dropped their target price on shares of Capital One Financial Corporation from $84.00 to $80.00 and set an “underperform” rating for the company in a report on Wednesday, April 26th. CIBC dropped their target price on shares of Capital One Financial Corporation from $84.00 to $80.00 and set an “underperform” rating for the company in a report on Wednesday, April 26th. Finally, Nomura reiterated a “buy” rating and issued a $101.00 price objective on shares of Capital One Financial Corporation in a report on Wednesday, April 26th. 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 given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $92.76.

In related news, CEO Richard D. Fairbank sold 367,419 shares of the company’s stock in a transaction that occurred 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.73% of the stock is owned by corporate 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.

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

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