Wetherby Asset Management Inc. boosted its stake in shares of Capital One Financial Corporation (NYSE:COF) by 2.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,779 shares of the financial services provider’s stock after buying an additional 241 shares during the period. Wetherby Asset Management Inc.’s holdings in Capital One Financial Corporation were worth $973,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in COF. Creative Planning boosted its position in Capital One Financial Corporation by 33.4% in the first quarter. Creative Planning now owns 12,333 shares of the financial services provider’s stock valued at $1,069,000 after buying an additional 3,090 shares in the last quarter. Quadrant Capital Group LLC boosted 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 valued at $121,000 after buying an additional 36 shares in the last quarter. Bank of Montreal Can boosted its position in 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 in the last quarter. First PREMIER Bank boosted its position in Capital One Financial Corporation by 9.5% in the first quarter. First PREMIER Bank now owns 6,062 shares of the financial services provider’s stock valued at $526,000 after buying an additional 527 shares in the last quarter. Finally, TNB Financial purchased a new position in Capital One Financial Corporation during the first quarter valued at $7,063,000. Institutional investors and hedge funds own 87.71% of the company’s stock.

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

Capital One Financial Corporation (NYSE:COF) last released its quarterly earnings results on Thursday, July 20th. The financial services provider reported $1.96 EPS for the quarter, topping the 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 analyst estimates of $6.68 billion. During the same period 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. Equities research analysts expect that Capital One Financial Corporation will post $7.54 EPS 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 given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $1.60 annualized dividend and a dividend yield of 1.93%. Capital One Financial Corporation’s dividend payout ratio is currently 23.43%.

Capital One Financial Corporation declared that its board has initiated a share 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 repurchase up to 4.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

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COF has been the subject of several research analyst reports. Evercore ISI restated an “underperform” rating and set a $94.00 price target on shares of Capital One Financial Corporation in a report on Wednesday, April 19th. Rafferty Capital Markets cut Capital One Financial Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. Oppenheimer Holdings, Inc. cut their price target on Capital One Financial Corporation from $84.00 to $80.00 and set an “underperform” rating for the company in a report on Wednesday, April 26th. CIBC cut their price target on Capital One Financial Corporation from $84.00 to $80.00 and set an “underperform” rating for the company in a report on Wednesday, April 26th. Finally, Nomura restated a “buy” rating and set a $101.00 price target on shares of Capital One Financial Corporation in a report on Wednesday, April 26th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned 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 target price of $92.76.

In other news, CEO Richard D. Fairbank sold 367,419 shares of the firm’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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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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