Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lowered its stake in shares of Capital One Financial Corporation (NYSE:COF) by 10.9% during the second quarter, Holdings Channel reports. The firm owned 69,126 shares of the financial services provider’s stock after selling 8,438 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Capital One Financial Corporation were worth $5,711,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. New Jersey Better Educational Savings Trust purchased a new position in shares of Capital One Financial Corporation during the second quarter valued at approximately $496,000. Schwab Charles Investment Management Inc. raised its position in shares of Capital One Financial Corporation by 2.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 2,105,173 shares of the financial services provider’s stock valued at $173,930,000 after buying an additional 47,574 shares during the period. Carnick & Kubik Group LLC raised its position in shares of Capital One Financial Corporation by 5.6% in the second quarter. Carnick & Kubik Group LLC now owns 18,044 shares of the financial services provider’s stock valued at $1,491,000 after buying an additional 949 shares during the period. Wetherby Asset Management Inc. raised its position in shares of Capital One Financial Corporation by 2.1% in the second quarter. Wetherby Asset Management Inc. now owns 11,779 shares of the financial services provider’s stock valued at $973,000 after buying an additional 241 shares during the period. Finally, Canada Pension Plan Investment Board raised its position in shares of Capital One Financial Corporation by 1.3% in the second quarter. Canada Pension Plan Investment Board now owns 677,664 shares of the financial services provider’s stock valued at $55,989,000 after buying an additional 8,400 shares during the period. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Shares of Capital One Financial Corporation (NYSE:COF) opened at 83.06 on Friday. The firm has a 50-day moving average price of $83.42 and a 200 day moving average price of $84.63. Capital One Financial Corporation has a 12-month low of $67.18 and a 12-month high of $96.92. The stock has a market cap of $40.20 billion, a PE ratio of 12.11 and a beta of 1.20.

Capital One Financial Corporation (NYSE:COF) last announced its quarterly earnings results on Thursday, July 20th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.06. The firm had revenue of $6.70 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.76 earnings per share. Equities research analysts expect that Capital One Financial Corporation will post $7.54 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Monday, August 7th will be issued a $0.40 dividend. 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 payout ratio is 23.43%.

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

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Several equities analysts have recently commented on the company. Compass Point assumed coverage on Capital One Financial Corporation in a research report on Thursday. They set a “neutral” rating and a $90.00 price objective on the stock. Zacks Investment Research upgraded Capital One Financial Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. Wedbush reiterated a “sell” rating on shares of Capital One Financial Corporation in a research report on Saturday, July 22nd. Barclays PLC reiterated an “overweight” rating and set a $105.00 price objective on shares of Capital One Financial Corporation in a research report on Saturday, July 22nd. Finally, CIBC upgraded Capital One Financial Corporation from an “underperform” rating to a “market perform” rating in a research report on Friday, July 21st. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $92.76.

In related news, CEO Richard D. Fairbank sold 367,419 shares of the business’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 value of $31,972,801.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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.

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

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