Cornerstone Investment Partners LLC boosted its position in shares of Capital One Financial Corporation (NYSE:COF) by 2.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,102,093 shares of the financial services provider’s stock after buying an additional 25,576 shares during the period. Capital One Financial Corporation comprises about 4.2% of Cornerstone Investment Partners LLC’s holdings, making the stock its 4th largest position. Cornerstone Investment Partners LLC owned approximately 0.23% of Capital One Financial Corporation worth $91,055,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently modified their holdings of the stock. Guardian Life Insurance Co. of America raised its stake 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 worth $161,000 after buying an additional 11 shares in the last quarter. Trust Co. of Virginia VA raised its stake in shares of Capital One Financial Corporation by 0.8% in the first quarter. Trust Co. of Virginia VA now owns 4,578 shares of the financial services provider’s stock worth $397,000 after buying an additional 35 shares in the last quarter. Quadrant Capital Group LLC raised its stake 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 worth $121,000 after buying an additional 36 shares in the last quarter. Hugh Johnson Advisors LLC raised its stake in shares of Capital One Financial Corporation by 0.3% in the first quarter. Hugh Johnson Advisors LLC now owns 21,317 shares of the financial services provider’s stock worth $1,847,000 after buying an additional 54 shares in the last quarter. Finally, Teza Capital Management LLC raised its stake in shares of Capital One Financial Corporation by 3.5% in the first quarter. Teza Capital Management LLC now owns 2,948 shares of the financial services provider’s stock worth $255,000 after buying an additional 101 shares in the last quarter. 87.56% of the stock is owned by institutional investors and hedge funds.
Capital One Financial Corporation (NYSE COF) traded down 0.13% during midday trading on Tuesday, hitting $84.15. The company’s stock had a trading volume of 2,313,655 shares. Capital One Financial Corporation has a 12 month low of $67.18 and a 12 month high of $96.92. The company’s 50 day moving average price is $83.73 and its 200 day moving average price is $84.47. The firm has a market cap of $40.73 billion, a P/E ratio of 12.27 and a beta of 1.20.
Capital One Financial Corporation (NYSE:COF) last issued its quarterly earnings results on Thursday, July 20th. The financial services provider reported $1.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.90 by $0.06. The business had revenue of $6.70 billion for 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%. The company’s revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.76 EPS. Analysts expect that Capital One Financial Corporation will post $7.54 EPS for the current year.
The firm 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 dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Thursday, August 3rd. Capital One Financial Corporation’s dividend payout ratio is presently 23.43%.
Capital One Financial Corporation declared that its Board of Directors has authorized a stock buyback program on Wednesday, June 28th that allows the company to buyback $1.85 billion in outstanding shares. This buyback authorization allows the financial services provider to reacquire up to 4.6% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.
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A number of analysts have commented on the company. CIBC raised Capital One Financial Corporation from an “underperform” rating to a “market perform” rating in a report on Friday, July 21st. Barclays PLC reissued an “overweight” rating and set a $105.00 price objective on shares of Capital One Financial Corporation in a report on Saturday, July 22nd. Wedbush reissued a “sell” rating on shares of Capital One Financial Corporation in a report on Saturday, July 22nd. Zacks Investment Research raised Capital One Financial Corporation from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Finally, Rafferty Capital Markets lowered Capital One Financial Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The company 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 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 legal filing with the SEC, which is accessible through this link. Company 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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