Bridgewater Associates LP lowered its stake in shares of Capital One Financial Corporation (NYSE:COF) by 57.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,219 shares of the financial services provider’s stock after selling 27,206 shares during the period. Bridgewater Associates LP’s holdings in Capital One Financial Corporation were worth $1,670,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Capital One Financial Corporation by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 31,454,174 shares of the financial services provider’s stock valued at $2,725,818,000 after buying an additional 963,101 shares during the period. BlackRock Inc. lifted its stake in shares of Capital One Financial Corporation by 3,066.1% in the 1st quarter. BlackRock Inc. now owns 31,294,690 shares of the financial services provider’s stock valued at $2,711,996,000 after purchasing an additional 30,306,250 shares during the last quarter. State Street Corp lifted its stake in shares of Capital One Financial Corporation by 0.7% in the 1st quarter. State Street Corp now owns 21,864,090 shares of the financial services provider’s stock valued at $1,894,742,000 after purchasing an additional 157,141 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Capital One Financial Corporation by 2.4% in the 2nd quarter. Franklin Resources Inc. now owns 13,739,126 shares of the financial services provider’s stock valued at $1,135,064,000 after purchasing an additional 322,243 shares during the last quarter. Finally, Davis Selected Advisers lifted its stake in shares of Capital One Financial Corporation by 112.8% in the 2nd quarter. Davis Selected Advisers now owns 8,061,905 shares of the financial services provider’s stock valued at $666,075,000 after purchasing an additional 4,274,053 shares during the last quarter. 88.05% of the stock is owned by institutional investors.

Capital One Financial Corporation (COF) opened at 80.04 on Friday. Capital One Financial Corporation has a 12-month low of $69.49 and a 12-month high of $96.92. The stock’s 50 day moving average is $81.97 and its 200 day moving average is $83.06. The company has a market cap of $38.74 billion, a P/E ratio of 11.67 and a beta of 1.22.

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, topping analysts’ consensus estimates of $1.90 by $0.06. The company had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $6.68 billion. Capital One Financial Corporation had a net margin of 13.32% and a return on equity of 7.92%. Capital One Financial Corporation’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.76 EPS. On average, equities analysts forecast that Capital One Financial Corporation will post $7.53 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Monday, August 7th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date was Thursday, August 3rd. Capital One Financial Corporation’s dividend payout ratio is presently 23.43%.

Capital One Financial Corporation announced that its board has initiated a share repurchase program on Wednesday, June 28th that authorizes the company to buyback $1.85 billion in shares. This buyback authorization authorizes the financial services provider to reacquire up to 4.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

In other news, CEO Richard D. Fairbank sold 367,419 shares of the firm’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.73% of the company’s stock.

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Several research firms recently issued reports on COF. BMO Capital Markets reaffirmed a “buy” rating and issued a $103.00 price objective on shares of Capital One Financial Corporation in a research note 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 research note on Tuesday, July 11th. Barclays PLC reaffirmed an “overweight” rating and issued a $105.00 price objective on shares of Capital One Financial Corporation in a research note on Saturday, July 22nd. BidaskClub lowered shares of Capital One Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Finally, Compass Point began coverage on shares of Capital One Financial Corporation in a research note on Thursday, August 10th. They issued a “neutral” rating and a $90.00 price objective for the company. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Capital One Financial Corporation currently has an average rating of “Hold” and a consensus price target of $92.19.

Capital One Financial Corporation 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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