Schwab Charles Investment Management Inc. raised its stake in shares of Capital One Financial Corporation (NYSE:COF) by 2.3% during the second quarter, Holdings Channel reports. The institutional investor owned 2,105,173 shares of the financial services provider’s stock after buying an additional 47,574 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Capital One Financial Corporation were worth $173,930,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Bollard Group LLC increased its stake in shares of Capital One Financial Corporation by 14.7% in the first quarter. Bollard Group LLC now owns 14,006 shares of the financial services provider’s stock valued at $1,214,000 after buying an additional 1,800 shares in the last quarter. Ledyard National Bank increased its stake in shares of Capital One Financial Corporation by 428.1% in the first quarter. Ledyard National Bank now owns 4,468 shares of the financial services provider’s stock valued at $388,000 after buying an additional 3,622 shares in the last quarter. DnB Asset Management AS increased its stake in shares of Capital One Financial Corporation by 7.4% in the first quarter. DnB Asset Management AS now owns 53,738 shares of the financial services provider’s stock valued at $4,657,000 after buying an additional 3,700 shares in the last quarter. Reliance Trust Co. of Delaware increased its stake in shares of Capital One Financial Corporation by 10.5% in the first quarter. Reliance Trust Co. of Delaware now owns 7,298 shares of the financial services provider’s stock valued at $633,000 after buying an additional 693 shares in the last quarter. Finally, Doyle Wealth Management acquired a new stake in shares of Capital One Financial Corporation during the first quarter valued at about $10,119,000. 87.71% of the stock is currently owned by institutional investors.

Shares of Capital One Financial Corporation (NYSE:COF) opened at 83.06 on Friday. The firm has a market cap of $40.20 billion, a price-to-earnings ratio of 12.11 and a beta of 1.20. Capital One Financial Corporation has a 12-month low of $67.18 and a 12-month high of $96.92. The stock’s 50 day moving average is $83.42 and its 200 day moving average is $84.63.

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

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Thursday, August 3rd. Capital One Financial Corporation’s dividend payout ratio (DPR) is presently 23.43%.

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

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Several equities research analysts recently weighed in on the stock. CIBC upgraded shares of Capital One Financial Corporation from an “underperform” rating to a “market perform” rating in a research note on Friday, July 21st. Barclays PLC reiterated an “overweight” rating and issued a $105.00 target price on shares of Capital One Financial Corporation in a research note on Saturday, July 22nd. Wedbush reiterated a “sell” rating on shares of Capital One Financial Corporation in a research note on Saturday, July 22nd. Zacks Investment Research upgraded shares of Capital One Financial Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, Rafferty Capital Markets cut shares of Capital One Financial Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Capital One Financial Corporation has an average rating of “Hold” and an average target price of $92.76.

In other news, CEO Richard D. Fairbank sold 367,419 shares of the company’s 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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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