Bessemer Group Inc. increased its position in shares of Capital One Financial Corporation (NYSE:COF) by 1.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,480 shares of the financial services provider’s stock after buying an additional 848 shares during the period. Bessemer Group Inc.’s holdings in Capital One Financial Corporation were worth $7,393,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of COF. Guardian Life Insurance Co. of America increased its position in shares of 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 last quarter. Trust Co. of Virginia VA increased its position in shares of Capital One Financial Corporation by 0.8% in the first quarter. Trust Co. of Virginia VA now owns 4,578 shares of the financial services provider’s stock worth $397,000 after buying an additional 35 shares during the last quarter. Quadrant Capital Group LLC increased its position 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 worth $121,000 after buying an additional 36 shares during the last quarter. Hugh Johnson Advisors LLC increased its position in shares of Capital One Financial Corporation by 0.3% in the first quarter. Hugh Johnson Advisors LLC now owns 21,317 shares of the financial services provider’s stock worth $1,847,000 after buying an additional 54 shares during the last quarter. Finally, Union Bankshares Corp increased its position in shares of Capital One Financial Corporation by 1.0% in the second quarter. Union Bankshares Corp now owns 8,814 shares of the financial services provider’s stock worth $728,000 after buying an additional 86 shares during the last quarter. Institutional investors own 87.71% of the company’s stock.

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 Thomson Reuters’ consensus estimate of $1.90 by $0.06. The company had revenue of $6.70 billion for 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%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the business posted $1.76 earnings per share.

Capital One Financial Corporation announced that its Board of Directors has approved a share repurchase program on Wednesday, June 28th that authorizes the company to buyback $1.85 billion in outstanding shares. This buyback authorization authorizes the financial services provider to purchase up to 4.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 17th. Shareholders 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 annualized dividend and a yield of 1.90%. Capital One Financial Corporation’s dividend payout ratio (DPR) is presently 23.43%.

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A number of brokerages have commented on COF. BMO Capital Markets restated a “buy” rating and issued a $103.00 target price on shares of Capital One Financial Corporation in a research note on Tuesday, June 20th. Oppenheimer Holdings, Inc. set a $82.00 price objective on Capital One Financial Corporation and gave the stock a “sell” rating in a research report on Tuesday, July 11th. 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. CIBC upgraded Capital One Financial Corporation from an “underperform” rating to a “market perform” rating in a research report on Friday, July 21st. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $106.00 price objective on shares of Capital One Financial Corporation in a research report on Friday, June 16th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $92.90.

In other Capital One Financial Corporation news, CEO Richard D. Fairbank sold 367,419 shares of the stock in a transaction on 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 document filed with the SEC, which is available through the SEC website. Company insiders own 1.73% of the company’s stock.

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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