Rhumbline Advisers lowered its stake in shares of Capital One Financial Corporation (NYSE:COF) by 0.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 826,301 shares of the financial services provider’s stock after selling 4,510 shares during the period. Rhumbline Advisers’ holdings in Capital One Financial Corporation were worth $68,269,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Quadrant Capital Group LLC raised its position in shares of 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. Guardian Life Insurance Co. of America raised its position in shares of 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 valued at $161,000 after buying an additional 11 shares in the last quarter. SRS Capital Advisors Inc. raised its position in shares of Capital One Financial Corporation by 16.6% in the first quarter. SRS Capital Advisors Inc. now owns 2,289 shares of the financial services provider’s stock valued at $198,000 after buying an additional 326 shares in the last quarter. Private Trust Co. NA bought a new position in shares of Capital One Financial Corporation during the second quarter valued at $205,000. Finally, Lowe Brockenbrough & Co. Inc. bought a new position in shares of Capital One Financial Corporation during the first quarter valued at $207,000. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Shares of Capital One Financial Corporation (COF) opened at 82.80 on Friday. The company has a market capitalization of $40.08 billion, a P/E ratio of 12.07 and a beta of 1.20. The firm has a 50-day moving average of $83.49 and a 200-day moving average of $84.60. 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 announced its quarterly earnings results on Thursday, July 20th. The financial services provider reported $1.96 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $6.70 billion during the quarter, compared to analyst estimates of $6.68 billion. During the same period in the previous year, the business posted $1.76 earnings per share. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, equities analysts predict that Capital One Financial Corporation will post $7.54 earnings per share for the current year.

Capital One Financial Corporation announced that its Board of Directors has approved a share repurchase program 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 programs are usually a sign that the company’s leadership believes its stock is undervalued.

The business 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 $0.40 dividend. The ex-dividend date is Thursday, August 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.93%. Capital One Financial Corporation’s dividend payout ratio is presently 23.43%.

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Several equities analysts have recently weighed in on COF shares. Deutsche Bank AG upgraded shares of Capital One Financial Corporation from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a report on Monday, May 1st. Instinet reiterated a “buy” rating and set a $101.00 price objective (down previously from $105.00) on shares of Capital One Financial Corporation in a report on Saturday, April 29th. Nomura reiterated a “buy” rating and set a $101.00 price objective on shares of Capital One Financial Corporation in a report on Wednesday, April 26th. BMO Capital Markets reiterated a “buy” rating and set a $103.00 price objective on shares of Capital One Financial Corporation in a report on Tuesday, June 20th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $106.00 price objective on shares of Capital One Financial Corporation in a report on Friday, June 16th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $92.76.

In other news, CEO Richard D. Fairbank sold 367,419 shares of Capital One Financial Corporation stock in a transaction that occurred 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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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