Cobiz Wealth LLC decreased its stake in Capital One Financial Corporation (NYSE:COF) by 5.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 2,437 shares of the financial services provider’s stock after selling 127 shares during the period. Cobiz Wealth LLC’s holdings in Capital One Financial Corporation were worth $201,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the company. Quadrant Capital Group LLC boosted its position 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 valued at $121,000 after buying an additional 36 shares in the last quarter. Guardian Life Insurance Co. of America boosted its position 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 buying an additional 11 shares in the last quarter. SRS Capital Advisors Inc. boosted its position 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 buying an additional 326 shares in the last quarter. Private Trust Co. NA acquired a new position in Capital One Financial Corporation during the second quarter valued at $205,000. Finally, Lowe Brockenbrough & Co. Inc. acquired a new position in Capital One Financial Corporation during the first quarter valued at $207,000. 87.71% of the stock is owned by institutional investors and hedge funds.
Shares of Capital One Financial Corporation (COF) opened at 84.41 on Monday. Capital One Financial Corporation has a 52-week low of $66.61 and a 52-week high of $96.92. The company’s 50-day moving average price is $82.67 and its 200-day moving average price is $84.69. The company has a market capitalization of $40.85 billion, a price-to-earnings ratio of 12.31 and a beta of 1.20.
Capital One Financial Corporation (NYSE:COF) last announced its quarterly earnings data on Thursday, July 20th. The financial services provider reported $1.96 EPS for the quarter, beating 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 business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $6.68 billion. During the same period in the previous year, the business earned $1.76 earnings per share. The company’s revenue was up 7.2% on a year-over-year basis. Equities research analysts forecast that Capital One Financial Corporation will post $7.53 EPS for the current fiscal year.
Capital One Financial Corporation declared that its Board of Directors has approved a stock repurchase plan on Wednesday, June 28th that permits the company to buyback $1.85 billion in shares. This buyback authorization permits the financial services provider to repurchase up to 4.6% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Monday, August 7th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, August 3rd. This represents a $1.60 annualized dividend and a yield of 1.90%. Capital One Financial Corporation’s dividend payout ratio is currently 23.43%.
Several equities analysts recently weighed in on the company. Wedbush cut Capital One Financial Corporation from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $94.00 to $80.00 in a research report on Wednesday, July 5th. Oppenheimer Holdings, Inc. cut their price objective on Capital One Financial Corporation from $84.00 to $80.00 and set an “underperform” rating for the company in a research report on Wednesday, April 26th. BMO Capital Markets reaffirmed a “buy” rating and issued a $103.00 price target on shares of Capital One Financial Corporation in a report on Tuesday, June 20th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $106.00 price target on shares of Capital One Financial Corporation in a report on Friday, June 16th. Finally, CIBC reaffirmed an “underperform” rating on shares of Capital One Financial Corporation in a report on Tuesday, July 11th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Capital One Financial Corporation presently has a consensus rating of “Hold” and an average price target of $92.90.
In other Capital One Financial Corporation news, CEO Richard D. Fairbank sold 367,419 shares of the business’s stock in a transaction that occurred 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.73% of the stock is owned by insiders.
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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