Jennison Associates LLC lowered its position in shares of Capital One Financial Corporation (NYSE:COF) by 0.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,037,241 shares of the financial services provider’s stock after selling 4,193 shares during the period. Jennison Associates LLC owned 0.21% of Capital One Financial Corporation worth $85,697,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of COF. Acadian Asset Management LLC boosted its position in shares of Capital One Financial Corporation by 638.2% in the first quarter. Acadian Asset Management LLC now owns 7,862 shares of the financial services provider’s stock worth $681,000 after buying an additional 6,797 shares in the last quarter. ProShare Advisors LLC boosted its position in shares of Capital One Financial Corporation by 3.0% in the first quarter. ProShare Advisors LLC now owns 111,583 shares of the financial services provider’s stock worth $9,670,000 after buying an additional 3,199 shares in the last quarter. First Manhattan Co. boosted its position in shares of Capital One Financial Corporation by 0.5% in the first quarter. First Manhattan Co. now owns 592,391 shares of the financial services provider’s stock worth $42,551,000 after buying an additional 3,004 shares in the last quarter. Boyd Watterson Asset Management LLC OH boosted its position in shares of Capital One Financial Corporation by 47.5% in the first quarter. Boyd Watterson Asset Management LLC OH now owns 11,464 shares of the financial services provider’s stock worth $993,000 after buying an additional 3,693 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. boosted its position in shares of Capital One Financial Corporation by 5.2% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 26,725 shares of the financial services provider’s stock worth $2,316,000 after buying an additional 1,332 shares in the last quarter. Hedge funds and other institutional investors own 87.56% of the company’s stock.
Shares of Capital One Financial Corporation (COF) opened at 81.42 on Tuesday. The company has a market cap of $39.41 billion, a price-to-earnings ratio of 11.87 and a beta of 1.20. Capital One Financial Corporation has a 52-week low of $68.27 and a 52-week high of $96.92. The stock has a 50 day moving average of $83.74 and a 200 day moving average of $84.32.
Capital One Financial Corporation (NYSE:COF) last released its quarterly earnings data on Thursday, July 20th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.06. The firm 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 for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.76 earnings per share. On average, equities research analysts expect that Capital One Financial Corporation will post $7.54 EPS for the current year.
Capital One Financial Corporation declared that its board has authorized a share repurchase plan on Wednesday, June 28th that allows the company to repurchase $1.85 billion in shares. This repurchase authorization allows the financial services provider to purchase up to 4.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Monday, August 7th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.97%. The ex-dividend date was Thursday, August 3rd. Capital One Financial Corporation’s payout ratio is currently 23.43%.
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COF has been the topic of a number of recent analyst reports. CIBC raised shares of Capital One Financial Corporation from an “underperform” rating to a “market perform” rating in a research report on Friday, July 21st. Barclays PLC reissued an “overweight” rating and set a $105.00 price target on shares of Capital One Financial Corporation in a research report on Saturday, July 22nd. Wedbush reissued a “sell” rating on shares of Capital One Financial Corporation in a research 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 research report on Thursday, July 27th. Finally, Rafferty Capital Markets lowered shares of Capital One Financial Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $92.76.
In other news, CEO Richard D. Fairbank sold 367,419 shares of Capital One Financial Corporation 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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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