TD Asset Management Inc. reduced its position in shares of Capital One Financial Corporation (NYSE:COF) by 17.5% during the second quarter, Holdings Channel reports. The firm owned 722,902 shares of the financial services provider’s stock after selling 152,995 shares during the period. TD Asset Management Inc.’s holdings in Capital One Financial Corporation were worth $59,726,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of COF. Quadrant Capital Group LLC raised its position 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 worth $121,000 after buying an additional 36 shares during the period. Guardian Life Insurance Co. of America raised its position 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 position 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 position in Capital One Financial Corporation during the second quarter worth $205,000. Finally, Lowe Brockenbrough & Co. Inc. purchased a new position 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 85.15 on Tuesday. The company has a 50-day moving average of $82.67 and a 200 day moving average of $84.69. The firm has a market cap of $41.21 billion, a P/E ratio of 12.42 and a beta of 1.20. 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 announced its earnings results on Thursday, July 20th. The financial services provider reported $1.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.90 by $0.06. Capital One Financial Corporation had a return on equity of 7.92% and a net margin of 13.32%. The business had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $6.68 billion. During the same quarter last year, the business posted $1.76 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. On average, equities analysts predict that Capital One Financial Corporation will post $7.53 earnings per share for the current year.

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

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders 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 dividend yield of 1.88%. The ex-dividend date is Thursday, August 3rd. Capital One Financial Corporation’s dividend payout ratio is 23.43%.

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COF has been the topic of a number of analyst reports. Deutsche Bank AG upgraded shares of Capital One Financial Corporation from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a research report on Monday, May 1st. Instinet reiterated 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. Nomura reissued a “buy” rating and issued a $101.00 target price on shares of Capital One Financial Corporation in a report on Wednesday, April 26th. BMO Capital Markets reissued a “buy” rating and issued a $103.00 target price on shares of Capital One Financial Corporation in a report on Tuesday, June 20th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $106.00 target price on shares of Capital One Financial Corporation in a report on Friday, June 16th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently 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 company’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $87.02, for a total transaction of $31,972,801.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate 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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