TIAA CREF Investment Management LLC raised its position in Capital One Financial Corporation (NYSE:COF) by 8.6% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,784,740 shares of the financial services provider’s stock after acquiring an additional 141,414 shares during the period. TIAA CREF Investment Management LLC owned about 0.37% of Capital One Financial Corporation worth $147,455,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Guardian Life Insurance Co. of America lifted its stake in Capital One Financial Corporation by 0.6% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,860 shares of the financial services provider’s stock valued at $161,000 after acquiring an additional 11 shares in the last quarter. Savant Capital LLC lifted its stake in Capital One Financial Corporation by 0.9% in the 2nd quarter. Savant Capital LLC now owns 3,213 shares of the financial services provider’s stock valued at $265,000 after acquiring an additional 28 shares in the last quarter. ARGA Investment Management LP lifted its stake in Capital One Financial Corporation by 0.3% in the 2nd quarter. ARGA Investment Management LP now owns 11,002 shares of the financial services provider’s stock valued at $909,000 after acquiring an additional 32 shares in the last quarter. Trust Co. of Virginia VA lifted its stake in Capital One Financial Corporation by 0.8% in the 1st quarter. Trust Co. of Virginia VA now owns 4,578 shares of the financial services provider’s stock valued at $397,000 after acquiring an additional 35 shares in the last quarter. Finally, Hugh Johnson Advisors LLC lifted its stake in Capital One Financial Corporation by 0.3% in the 1st quarter. Hugh Johnson Advisors LLC now owns 21,317 shares of the financial services provider’s stock valued at $1,847,000 after acquiring an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 88.05% of the company’s stock.

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Shares of Capital One Financial Corporation (COF) traded down 0.12% during midday trading on Thursday, reaching $80.11. The company’s stock had a trading volume of 166,503 shares. The firm has a market capitalization of $38.77 billion, a P/E ratio of 11.68 and a beta of 1.22. The stock has a 50-day moving average of $82.50 and a 200 day moving average of $83.21. Capital One Financial Corporation has a 12-month low of $69.49 and a 12-month high of $96.92.

Capital One Financial Corporation (NYSE:COF) last posted its earnings results on Thursday, July 20th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.06. The company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $6.68 billion. Capital One Financial Corporation had a net margin of 13.32% and a return on equity of 7.92%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.76 earnings per share. Equities research analysts predict that Capital One Financial Corporation will post $7.53 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Monday, August 7th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 1.99%. Capital One Financial Corporation’s dividend payout ratio is presently 23.43%.

Capital One Financial Corporation declared that its board has initiated a share repurchase plan on Wednesday, June 28th that allows the company to buyback $1.85 billion in shares. This buyback authorization allows the financial services provider to repurchase up to 4.6% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its stock is undervalued.

COF has been the topic of several recent analyst reports. Compass Point initiated coverage on Capital One Financial Corporation in a research report on Thursday, August 10th. They set a “neutral” rating and a $90.00 price target on the stock. Keefe, Bruyette & Woods set a $106.00 price target on Capital One Financial Corporation and gave the stock a “buy” rating in a research report on Tuesday, August 15th. BMO Capital Markets reaffirmed a “buy” rating and set a $103.00 price target on shares of Capital One Financial Corporation in a research report on Tuesday, June 20th. BidaskClub lowered Capital One Financial Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, Zacks Investment Research raised Capital One Financial Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $92.19.

In related news, CEO Richard D. Fairbank sold 367,419 shares of the business’s 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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.

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

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