Capital One Financial Corporation (COF) Shares Sold by Axa

Axa lessened its holdings in Capital One Financial Corporation (NYSE:COF) by 13.2% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 128,589 shares of the financial services provider’s stock after selling 19,578 shares during the period. Axa’s holdings in Capital One Financial Corporation were worth $10,624,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Capital One Financial Corporation by 47.1% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,652 shares of the financial services provider’s stock worth $137,000 after buying an additional 529 shares during the last quarter. Guardian Life Insurance Co. of America lifted 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 valued at $161,000 after purchasing an additional 11 shares during the last quarter. SRS Capital Advisors Inc. lifted its stake in 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 purchasing an additional 326 shares during the last quarter. Lowe Brockenbrough & Co. Inc. purchased a new position in Capital One Financial Corporation in the first quarter valued at approximately $207,000. Finally, Buckingham Asset Management LLC purchased a new position in Capital One Financial Corporation in the first quarter valued at approximately $212,000. Hedge funds and other institutional investors own 88.05% of the company’s stock.

In other Capital One Financial Corporation news, CEO Richard D. Fairbank sold 367,419 shares of Capital One Financial Corporation 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.73% of the company’s stock.

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Capital One Financial Corporation (COF) opened at 79.57 on Wednesday. The company has a market cap of $38.51 billion, a PE ratio of 11.60 and a beta of 1.22. The company has a 50-day moving average price of $82.71 and a 200-day moving average price of $83.30. Capital One Financial Corporation has a 1-year low of $69.49 and a 1-year high of $96.92.

Capital One Financial Corporation (NYSE:COF) last released its earnings results on Thursday, July 20th. The financial services provider reported $1.96 earnings per share for the quarter, beating 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 company had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $6.68 billion. During the same quarter in the previous year, the company earned $1.76 EPS. Capital One Financial Corporation’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, analysts expect that Capital One Financial Corporation will post $7.53 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, August 7th were issued a $0.40 dividend. 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 2.01%. Capital One Financial Corporation’s dividend payout ratio is currently 23.43%.

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

Several research firms recently commented on COF. CIBC upgraded Capital One Financial Corporation from an “underperform” rating to a “market perform” rating in a research note on Friday, July 21st. Barclays PLC reiterated 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. Wedbush reiterated a “sell” rating on shares of Capital One Financial Corporation in a research note on Saturday, July 22nd. Zacks Investment Research upgraded Capital One Financial Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, Compass Point began coverage on Capital One Financial Corporation in a research note on Thursday, August 10th. They issued a “neutral” rating and a $90.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Capital One Financial Corporation currently has a consensus rating of “Hold” and an average 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.

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

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