Capital One Financial Corporation (COF) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its position in Capital One Financial Corporation (NYSE:COF) by 6.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 68,422 shares of the financial services provider’s stock after selling 4,424 shares during the period. SG Americas Securities LLC’s holdings in Capital One Financial Corporation were worth $5,653,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Candriam Luxembourg S.C.A. boosted its stake in Capital One Financial Corporation by 134.7% in the first quarter. Candriam Luxembourg S.C.A. now owns 162,604 shares of the financial services provider’s stock worth $14,092,000 after buying an additional 93,333 shares during the last quarter. Abner Herrman & Brock LLC bought a new stake in Capital One Financial Corporation during the first quarter worth $426,000. Hermes Investment Management Ltd. boosted its stake in Capital One Financial Corporation by 16.0% in the first quarter. Hermes Investment Management Ltd. now owns 938,904 shares of the financial services provider’s stock worth $81,365,000 after buying an additional 129,332 shares during the last quarter. Hexavest Inc. boosted its stake in Capital One Financial Corporation by 4.6% in the first quarter. Hexavest Inc. now owns 537,892 shares of the financial services provider’s stock worth $46,614,000 after buying an additional 23,876 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in Capital One Financial Corporation by 3.4% in the first quarter. State of Alaska Department of Revenue now owns 7,082 shares of the financial services provider’s stock worth $613,000 after buying an additional 232 shares during the last quarter. 87.56% of the stock is currently owned by institutional investors.

Shares of Capital One Financial Corporation (COF) opened at 81.99 on Friday. The stock has a market capitalization of $39.68 billion, a price-to-earnings ratio of 11.96 and a beta of 1.20. Capital One Financial Corporation has a 12 month low of $67.99 and a 12 month high of $96.92. The firm’s 50 day moving average is $83.77 and its 200 day moving average is $84.45.

Capital One Financial Corporation (NYSE:COF) last issued its quarterly earnings results on Thursday, July 20th. The financial services provider reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.06. Capital One Financial Corporation had a return on equity of 7.92% and a net margin of 13.32%. The company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $6.68 billion. During the same period last year, the company earned $1.76 earnings per share. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, equities analysts predict that Capital One Financial Corporation will post $7.54 earnings per share for the current fiscal year.

Capital One Financial Corporation declared that its Board of Directors has authorized a stock buyback 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 reacquire up to 4.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Monday, August 7th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, August 3rd. This represents a $1.60 annualized dividend and a yield of 1.95%. Capital One Financial Corporation’s dividend payout ratio is currently 23.43%.

TRADEMARK VIOLATION NOTICE: This report was first posted by [[site]] and is owned by of [[site]]. If you are reading this report on another site, it was stolen and republished in violation of US & international trademark & copyright law. The original version of this report can be accessed at [[permalink]].

COF has been the topic of a number of recent research reports. CIBC raised shares of Capital One Financial Corporation from an “underperform” rating to a “market perform” rating in a report on Friday, July 21st. Barclays PLC reaffirmed an “overweight” rating and issued a $105.00 target price on shares of Capital One Financial Corporation in a report on Saturday, July 22nd. Wedbush reaffirmed a “sell” rating on shares of Capital One Financial Corporation in a report on Saturday, July 22nd. Zacks Investment Research raised shares of Capital One Financial Corporation from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Finally, Rafferty Capital Markets cut shares of Capital One Financial Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $92.76.

In related news, CEO Richard D. Fairbank sold 367,419 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The stock was 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 Securities & Exchange Commission, 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.