Cumberland Partners Ltd cut its position in shares of Capital One Financial Corporation (NYSE:COF) by 6.0% during the second quarter, Holdings Channel reports. The fund owned 97,005 shares of the financial services provider’s stock after selling 6,201 shares during the period. Cumberland Partners Ltd’s holdings in Capital One Financial Corporation were worth $8,015,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in the stock. Guardian Life Insurance Co. of America increased its stake 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 last quarter. Trust Co. of Virginia VA increased its stake in Capital One Financial Corporation by 0.8% in the first quarter. Trust Co. of Virginia VA now owns 4,578 shares of the financial services provider’s stock worth $397,000 after buying an additional 35 shares during the last quarter. Quadrant Capital Group LLC increased its stake 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 last quarter. Hugh Johnson Advisors LLC increased its stake in Capital One Financial Corporation by 0.3% in the first quarter. Hugh Johnson Advisors LLC now owns 21,317 shares of the financial services provider’s stock worth $1,847,000 after buying an additional 54 shares during the last quarter. Finally, Union Bankshares Corp increased its stake in Capital One Financial Corporation by 1.0% in the second quarter. Union Bankshares Corp now owns 8,814 shares of the financial services provider’s stock worth $728,000 after buying an additional 86 shares during the last quarter. Institutional investors own 87.71% of the company’s stock.

Capital One Financial Corporation (NYSE:COF) opened at 82.80 on Friday. The firm has a 50-day moving average of $83.49 and a 200 day moving average of $84.60. The stock has a market cap of $40.08 billion, a PE ratio of 12.07 and a beta of 1.20. Capital One Financial Corporation has a 12 month low of $67.97 and a 12 month high of $96.92.

Capital One Financial Corporation (NYSE:COF) last released its quarterly earnings data on Thursday, July 20th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, topping the 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 analyst estimates of $6.68 billion. During the same quarter in the prior year, the business earned $1.76 earnings per share. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. Analysts anticipate that Capital One Financial Corporation will post $7.54 EPS for the current year.

Capital One Financial Corporation announced that its board has initiated a stock repurchase program on Wednesday, June 28th that allows the company to repurchase $1.85 billion in shares. This repurchase authorization allows the financial services provider to reacquire up to 4.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Monday, August 7th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend is Thursday, August 3rd. Capital One Financial Corporation’s payout ratio is currently 23.43%.

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A number of research firms have commented on COF. BMO Capital Markets reiterated a “buy” rating and issued a $103.00 price objective on shares of Capital One Financial Corporation in a report on Tuesday, June 20th. Oppenheimer Holdings, Inc. set a $82.00 price objective on shares of Capital One Financial Corporation and gave the company a “sell” rating in a report on Tuesday, July 11th. Barclays PLC reiterated an “overweight” rating and issued a $105.00 price objective on shares of Capital One Financial Corporation in a report on Saturday, July 22nd. CIBC upgraded shares of Capital One Financial Corporation from an “underperform” rating to a “market perform” rating in a report on Friday, July 21st. Finally, Compass Point assumed coverage on shares of Capital One Financial Corporation in a report on Thursday. They set a “neutral” rating and a $90.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently 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 value of $31,972,801.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.73% of the stock is owned by corporate insiders.

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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