NGAM Advisors L.P. raised its stake in Capital One Financial Corporation (NYSE:COF) by 5.0% during the second quarter, Holdings Channel reports. The firm owned 81,991 shares of the financial services provider’s stock after buying an additional 3,905 shares during the period. NGAM Advisors L.P.’s holdings in Capital One Financial Corporation were worth $6,774,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of COF. Bank of New York Mellon Corp raised its position in Capital One Financial Corporation by 10.4% in the first quarter. Bank of New York Mellon Corp now owns 6,411,412 shares of the financial services provider’s stock valued at $555,613,000 after buying an additional 605,038 shares during the period. Toronto Dominion Bank raised its position in Capital One Financial Corporation by 53.0% in the first quarter. Toronto Dominion Bank now owns 133,437 shares of the financial services provider’s stock valued at $11,562,000 after buying an additional 46,227 shares during the period. Parametrica Management Ltd acquired a new position in Capital One Financial Corporation during the first quarter valued at $305,000. Candriam Luxembourg S.C.A. raised its position in Capital One Financial Corporation by 134.7% in the first quarter. Candriam Luxembourg S.C.A. now owns 162,604 shares of the financial services provider’s stock valued at $14,092,000 after buying an additional 93,333 shares during the period. Finally, Bank of Montreal Can raised 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 valued at $37,516,000 after buying an additional 65,841 shares during the period. 87.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Corporation (NYSE:COF) opened at 84.41 on Friday. The stock has a 50 day moving average price of $82.67 and a 200-day moving average price of $84.69. Capital One Financial Corporation has a 52 week low of $66.00 and a 52 week high of $96.92. The stock has a market cap of $40.85 billion, a P/E ratio of 12.31 and a beta of 1.20.

Capital One Financial Corporation (NYSE:COF) last announced its earnings results on Thursday, July 20th. The financial services provider reported $1.96 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter last year, the firm earned $1.76 earnings per share. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, equities analysts anticipate that Capital One Financial Corporation will post $7.53 EPS for the current fiscal year.

Capital One Financial Corporation announced that its board has approved a share buyback 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 reacquire 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 stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Monday, August 7th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Thursday, August 3rd. Capital One Financial Corporation’s dividend payout ratio is 23.43%.

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Several research analysts have recently weighed in on COF shares. Wedbush lowered Capital One Financial Corporation from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $94.00 to $80.00 in a research report on Wednesday, July 5th. Instinet reissued a “buy” rating and issued a $101.00 price objective (down from $105.00) on shares of Capital One Financial Corporation in a research report on Saturday, April 29th. Deutsche Bank AG raised Capital One Financial Corporation from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a research report on Monday, May 1st. Credit Suisse Group restated a “hold” rating and issued a $99.00 target price on shares of Capital One Financial Corporation in a research note on Friday, April 7th. Finally, Wells Fargo & Company restated a “market perform” rating and issued a $85.00 target price (down from $88.00) on shares of Capital One Financial Corporation in a research note on Sunday, May 21st. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Capital One Financial Corporation currently has an average rating of “Hold” and a consensus target price of $92.90.

In other news, CEO Richard D. Fairbank sold 367,419 shares of the 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 SEC, which is accessible through this hyperlink. 1.73% of the stock is currently owned by company 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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