Arrow Financial Corp reduced its position in shares of Capital One Financial Corporation (NYSE:COF) by 5.3% during the second quarter, Holdings Channel reports. The institutional investor owned 24,633 shares of the financial services provider’s stock after selling 1,382 shares during the period. Arrow Financial Corp’s holdings in Capital One Financial Corporation were worth $2,035,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its position in shares of 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 position 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 worth $11,562,000 after buying an additional 46,227 shares in the last quarter. Parametrica Management Ltd purchased a new position in shares of Capital One Financial Corporation during the first quarter worth $305,000. Candriam Luxembourg S.C.A. boosted its position 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 worth $14,092,000 after buying an additional 93,333 shares in the last quarter. Finally, Bank of Montreal Can boosted its position 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 worth $37,516,000 after buying an additional 65,841 shares in the last quarter. Institutional investors and hedge funds own 87.71% of the company’s stock.

Capital One Financial Corporation (NYSE COF) opened at 85.51 on Wednesday. Capital One Financial Corporation has a 1-year low of $66.61 and a 1-year high of $96.92. The firm has a market capitalization of $41.39 billion, a price-to-earnings ratio of 12.47 and a beta of 1.20. The stock has a 50 day moving average price of $83.03 and a 200 day moving average price of $84.70.

Capital One Financial Corporation (NYSE:COF) last issued its earnings results on Thursday, July 20th. The financial services provider reported $1.96 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter in the previous year, the company posted $1.76 earnings per share. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. Analysts predict that Capital One Financial Corporation will post $7.54 EPS for the current year.

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 paid a $0.40 dividend. The ex-dividend date is Thursday, August 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 1.87%. Capital One Financial Corporation’s dividend payout ratio (DPR) is currently 23.43%.

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

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COF has been the subject of a number of research analyst reports. Wedbush cut Capital One Financial Corporation from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $94.00 to $80.00 in a research report on Wednesday, July 5th. Instinet restated a “buy” rating and issued a $101.00 price target (down previously from $105.00) on shares of Capital One Financial Corporation in a research report on Saturday, April 29th. Deutsche Bank AG upgraded Capital One Financial Corporation from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a research report on Monday, May 1st. Wells Fargo & Company restated a “market perform” rating and issued a $85.00 price target (down previously from $88.00) on shares of Capital One Financial Corporation in a research report on Sunday, May 21st. Finally, CIBC dropped their price target on Capital One Financial Corporation from $84.00 to $80.00 and set an “underperform” rating for the company in a research report on Wednesday, April 26th. 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 issued a strong buy rating to the company. The company 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 business’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 sale was disclosed in a filing with the SEC, 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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