Raymond James Trust N.A. reduced its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 2.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,002 shares of the financial services provider’s stock after selling 383 shares during the period. Raymond James Trust N.A.’s holdings in Capital One Financial Corporation were worth $1,157,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in COF. Bronfman E.L. Rothschild L.P. increased its holdings in Capital One Financial Corporation by 47.1% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,652 shares of the financial services provider’s stock valued at $137,000 after buying an additional 529 shares during the last quarter. Guardian Life Insurance Co. of America increased its holdings in Capital One Financial Corporation by 0.6% during the first quarter. Guardian Life Insurance Co. of America now owns 1,860 shares of the financial services provider’s stock valued at $161,000 after buying an additional 11 shares during the last quarter. SRS Capital Advisors Inc. increased its holdings in Capital One Financial Corporation by 16.6% during the first quarter. SRS Capital Advisors Inc. now owns 2,289 shares of the financial services provider’s stock valued at $198,000 after buying an additional 326 shares during the last quarter. Private Trust Co. NA purchased a new stake in Capital One Financial Corporation during the second quarter valued at approximately $205,000. Finally, Aspiriant LLC purchased a new stake in Capital One Financial Corporation during the second quarter valued at approximately $205,000. 88.05% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Corporation (COF) traded up 0.5486% during midday trading on Wednesday, hitting $80.0065. 326,128 shares of the stock traded hands. The firm has a market cap of $38.72 billion, a PE ratio of 11.6662 and a beta of 1.22. The stock has a 50-day moving average of $82.71 and a 200 day moving average of $83.30. Capital One Financial Corporation has a 52-week low of $69.49 and a 52-week high of $96.92.

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 for the quarter, beating the consensus estimate of $1.90 by $0.06. The firm had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $6.68 billion. Capital One Financial Corporation had a net margin of 13.32% and a return on equity of 7.92%. The company’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.76 EPS. Equities analysts forecast that Capital One Financial Corporation will post $7.53 EPS for the current year.

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

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

In other news, CEO Richard D. Fairbank sold 367,419 shares of the business’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $87.02, for a total transaction of $31,972,801.38. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.73% of the company’s stock.

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A number of analysts have recently issued reports on COF shares. Wedbush cut shares of Capital One Financial Corporation from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $94.00 to $80.00 in a research note on Wednesday, July 5th. Wells Fargo & Company reissued a “market perform” rating and issued a $85.00 price objective (down from $88.00) on shares of Capital One Financial Corporation in a research note on Sunday, May 21st. Oppenheimer Holdings, Inc. raised shares of Capital One Financial Corporation from an “underperform” rating to a “market perform” rating and set a $82.00 price objective for the company in a research note on Friday, July 21st. Morgan Stanley reissued an “overweight” rating and issued a $97.00 price objective (down from $100.00) on shares of Capital One Financial Corporation in a research note on Thursday, July 6th. Finally, BidaskClub cut shares of Capital One Financial Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $92.19.

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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