Teacher Retirement System of Texas lowered its stake in shares of Capital One Financial Corporation (NYSE:COF) by 2.2% during the second quarter, Holdings Channel reports. The institutional investor owned 1,072,388 shares of the financial services provider’s stock after selling 24,604 shares during the period. Teacher Retirement System of Texas’ holdings in Capital One Financial Corporation were worth $88,601,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Quadrant Capital Group LLC boosted its stake in shares of 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 in the last quarter. Guardian Life Insurance Co. of America raised its stake in 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 period. SRS Capital Advisors Inc. raised its stake in 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 period. Private Trust Co. NA purchased a new stake in Capital One Financial Corporation during the second quarter worth $205,000. Finally, Lowe Brockenbrough & Co. Inc. purchased a new stake in Capital One Financial Corporation during the first quarter worth $207,000. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Capital One Financial Corporation (NYSE COF) opened at 82.80 on Friday. The stock’s 50 day moving average is $83.49 and its 200-day moving average is $84.60. The company has a market capitalization of $40.08 billion, a P/E ratio of 12.07 and a beta of 1.20. Capital One Financial Corporation has a 1-year low of $67.97 and a 1-year high of $96.92.

Capital One Financial Corporation (NYSE:COF) last posted its quarterly earnings results on Thursday, July 20th. The financial services provider reported $1.96 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $6.68 billion. During the same quarter in the previous year, the business posted $1.76 EPS. The firm’s revenue was up 7.2% on a year-over-year basis. On average, analysts expect that Capital One Financial Corporation will post $7.54 earnings per share for the current fiscal year.

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

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

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A number of analysts recently weighed in on COF shares. Zacks Investment Research raised shares of Capital One Financial Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. UBS AG raised shares of Capital One Financial Corporation from an “underperform” rating to a “market perform” rating in a research report on Friday, July 21st. CIBC reduced their price objective on shares of Capital One Financial Corporation from $84.00 to $80.00 and set an “underperform” rating on the stock in a research report on Wednesday, April 26th. Evercore ISI reissued an “underperform” rating and issued a $94.00 price objective on shares of Capital One Financial Corporation in a research report on Wednesday, April 19th. Finally, Instinet reissued a “buy” rating and issued a $96.00 price objective (down from $101.00) on shares of Capital One Financial Corporation in a research report on Wednesday, July 12th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Capital One Financial Corporation currently has a consensus rating of “Hold” and an average price target of $92.76.

In other Capital One Financial Corporation 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 transaction of $31,972,801.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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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