Foundry Partners LLC raised its position in Capital One Financial Corporation (NYSE:COF) by 3.4% during the second quarter, Holdings Channel reports. The firm owned 159,440 shares of the financial services provider’s stock after buying an additional 5,175 shares during the period. Foundry Partners LLC’s holdings in Capital One Financial Corporation were worth $13,173,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of COF. Vanguard Group Inc. boosted its position in shares of Capital One Financial Corporation by 3.2% in the first quarter. Vanguard Group Inc. now owns 31,454,174 shares of the financial services provider’s stock worth $2,725,818,000 after buying an additional 963,101 shares during the period. BlackRock Inc. boosted its stake in Capital One Financial Corporation by 3,066.1% in the first quarter. BlackRock Inc. now owns 31,294,690 shares of the financial services provider’s stock valued at $2,711,996,000 after buying an additional 30,306,250 shares during the last quarter. State Street Corp boosted its stake in Capital One Financial Corporation by 0.7% in the first quarter. State Street Corp now owns 21,864,090 shares of the financial services provider’s stock valued at $1,894,742,000 after buying an additional 157,141 shares during the last quarter. 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 valued at $555,613,000 after buying an additional 605,038 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Capital One Financial Corporation by 2.5% in the first quarter. Geode Capital Management LLC now owns 4,684,142 shares of the financial services provider’s stock valued at $405,344,000 after buying an additional 113,839 shares during the last quarter. 87.71% of the stock is owned by institutional investors and hedge funds.

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

Capital One Financial Corporation (NYSE:COF) last announced its quarterly earnings results on Thursday, July 20th. The financial services provider reported $1.96 EPS for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to analyst estimates of $6.68 billion. During the same quarter in the prior year, the business posted $1.76 EPS. Capital One Financial Corporation’s quarterly revenue was up 7.2% on a year-over-year basis. On average, equities analysts anticipate that Capital One Financial Corporation will post $7.54 earnings per share for the current year.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Monday, August 7th will be paid 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 (DPR) is 23.43%.

COPYRIGHT VIOLATION WARNING: “Foundry Partners LLC Acquires 5,175 Shares of Capital One Financial Corporation (NYSE:COF)” was originally reported by Daily Political and is the sole property of of Daily Political. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States and international trademark and copyright legislation. The original version of this story can be accessed at https://www.dailypolitical.com/2017/08/11/foundry-partners-llc-acquires-5175-shares-of-capital-one-financial-corporation-nysecof.html.

Several research firms have commented on COF. Compass Point began coverage on shares of Capital One Financial Corporation in a research note on Thursday. They issued a “neutral” rating and a $90.00 target price for the company. Zacks Investment Research raised shares of Capital One Financial Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Wedbush reaffirmed a “sell” rating on shares of Capital One Financial Corporation in a research note on Saturday, July 22nd. Barclays PLC reaffirmed 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. Finally, CIBC raised shares of Capital One Financial Corporation from an “underperform” rating to a “market perform” rating in a research note on Friday, July 21st. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The stock 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 stock in a transaction 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 document filed with the SEC, which is accessible through the SEC website. Corporate 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.

Want to see what other hedge funds are holding COF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital One Financial Corporation (NYSE:COF).

Institutional Ownership by Quarter for Capital One Financial Corporation (NYSE:COF)

Receive News & Ratings for Capital One Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital One Financial Corporation and related companies with MarketBeat.com's FREE daily email newsletter.