Retirement Systems of Alabama cut its position in shares of Capital One Financial Corporation (NYSE:COF) by 62.1% during the second quarter, Holdings Channel reports. The institutional investor owned 234,170 shares of the financial services provider’s stock after selling 383,864 shares during the period. Retirement Systems of Alabama’s holdings in Capital One Financial Corporation were worth $19,347,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its stake 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 worth $555,613,000 after buying an additional 605,038 shares in the last quarter. Toronto Dominion Bank boosted its stake in shares of 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 stake in shares of Capital One Financial Corporation during the first quarter valued at about $305,000. Candriam Luxembourg S.C.A. boosted its stake in shares of 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 boosted its stake in shares of 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 hedge funds and other institutional investors.

Capital One Financial Corporation (COF) opened at 84.41 on Monday. The firm has a market capitalization of $40.85 billion, a P/E ratio of 12.31 and a beta of 1.20. The firm 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 $66.61 and a 52-week high of $96.92.

Capital One Financial Corporation (NYSE:COF) last released its quarterly earnings data on Thursday, July 20th. The financial services provider reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.06. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $6.68 billion. Capital One Financial Corporation had a return on equity of 7.92% and a net margin of 13.32%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the business posted $1.76 EPS. Analysts forecast that Capital One Financial Corporation will post $7.53 EPS for the current year.

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

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

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Several brokerages have issued reports on COF. Wedbush cut shares of Capital One Financial Corporation from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $94.00 to $80.00 in a research note on Wednesday, July 5th. Oppenheimer Holdings, Inc. lowered their target price on shares of Capital One Financial Corporation from $84.00 to $80.00 and set an “underperform” rating on the stock in a research note on Wednesday, April 26th. BMO Capital Markets reaffirmed a “buy” rating and set a $103.00 target price on shares of Capital One Financial Corporation in a research note on Tuesday, June 20th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $106.00 target price on shares of Capital One Financial Corporation in a research note on Friday, June 16th. Finally, CIBC reaffirmed an “underperform” rating on shares of Capital One Financial Corporation in a research note on Tuesday, July 11th. Three 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. The stock has an average rating of “Hold” and a consensus price target of $92.90.

In other news, CEO Richard D. Fairbank sold 367,419 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The stock was 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 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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