Tdam USA Inc. lowered its stake in shares of Capital One Financial Corporation (NYSE:COF) by 61.6% during the second quarter, Holdings Channel reports. The firm owned 7,906 shares of the financial services provider’s stock after selling 12,672 shares during the period. Tdam USA Inc.’s holdings in Capital One Financial Corporation were worth $644,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the stock. Creative Planning increased its stake 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 valued at $1,069,000 after buying an additional 3,090 shares during the period. Quadrant Capital Group LLC increased its stake 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 valued at $121,000 after buying an additional 36 shares during the period. ANTIPODES PARTNERS Ltd increased its stake in Capital One Financial Corporation by 25.9% in the first quarter. ANTIPODES PARTNERS Ltd now owns 343,970 shares of the financial services provider’s stock valued at $29,944,000 after buying an additional 70,788 shares during the period. Kempner Capital Management Inc. increased its stake in Capital One Financial Corporation by 15.4% in the first quarter. Kempner Capital Management Inc. now owns 43,015 shares of the financial services provider’s stock valued at $3,728,000 after buying an additional 5,745 shares during the period. Finally, Bank of Montreal Can increased its stake 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 valued at $37,516,000 after buying an additional 65,841 shares during the period. 87.71% of the stock is currently owned by institutional investors.

Shares of Capital One Financial Corporation (COF) opened at 85.14 on Thursday. The company has a 50-day moving average price of $83.36 and a 200-day moving average price of $84.64. Capital One Financial Corporation has a 12 month low of $66.81 and a 12 month high of $96.92. The company has a market capitalization of $41.21 billion, a price-to-earnings ratio of 12.41 and a beta of 1.20.

Capital One Financial Corporation (NYSE:COF) last posted its earnings results on Thursday, July 20th. The financial services provider reported $1.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.90 by $0.06. The company had revenue of $6.70 billion during the quarter, compared to analyst estimates of $6.68 billion. Capital One Financial Corporation had a net margin of 13.32% and a return on equity of 7.92%. Capital One Financial Corporation’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.76 earnings per share. On average, equities analysts anticipate that Capital One Financial Corporation will post $7.54 EPS for the current year.

Capital One Financial Corporation declared that its board has initiated a share buyback program on Wednesday, June 28th that authorizes the company to repurchase $1.85 billion in shares. This repurchase authorization authorizes the financial services provider to repurchase up to 4.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Monday, August 7th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date is Thursday, August 3rd. Capital One Financial Corporation’s payout ratio is currently 23.43%.

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COF has been the topic of several recent research reports. Evercore ISI reissued an “underperform” rating and set a $94.00 price objective on shares of Capital One Financial Corporation in a report on Wednesday, April 19th. Rafferty Capital Markets downgraded Capital One Financial Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. Oppenheimer Holdings, Inc. cut their price objective on Capital One Financial Corporation from $84.00 to $80.00 and set an “underperform” rating on the stock in a report on Wednesday, April 26th. CIBC cut their price objective on Capital One Financial Corporation from $84.00 to $80.00 and set an “underperform” rating on the stock in a report on Wednesday, April 26th. Finally, Nomura reissued a “buy” rating and set a $101.00 price objective on shares of Capital One Financial Corporation in a report on Wednesday, April 26th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $92.90.

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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.73% of the stock is owned by corporate 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.

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

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