Lingohr & Partner Asset Management GmbH Maintains Stake in Capital One Financial Corporation (COF)

Lingohr & Partner Asset Management GmbH continued to hold its stake in Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,869 shares of the financial services provider’s stock at the end of the 2nd quarter. Lingohr & Partner Asset Management GmbH’s holdings in Capital One Financial Corporation were worth $1,462,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of COF. BlackRock Inc. boosted its stake in shares of Capital One Financial Corporation by 3,066.1% in the first quarter. BlackRock Inc. now owns 31,294,690 shares of the financial services provider’s stock worth $2,711,996,000 after acquiring an additional 30,306,250 shares during the last quarter. Davis Selected Advisers boosted its stake in shares of Capital One Financial Corporation by 112.8% in the second quarter. Davis Selected Advisers now owns 8,061,905 shares of the financial services provider’s stock worth $666,075,000 after acquiring an additional 4,274,053 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Capital One Financial Corporation by 71.8% in the first quarter. AQR Capital Management LLC now owns 3,255,551 shares of the financial services provider’s stock worth $282,126,000 after acquiring an additional 1,360,057 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Capital One Financial Corporation by 106.6% in the first quarter. Prudential Financial Inc. now owns 2,321,767 shares of the financial services provider’s stock worth $201,204,000 after acquiring an additional 1,197,860 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Capital One Financial Corporation by 3.2% in the first quarter. Vanguard Group Inc. now owns 31,454,174 shares of the financial services provider’s stock worth $2,725,818,000 after acquiring an additional 963,101 shares during the last quarter. 88.05% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Corporation (COF) traded up 1.70% during midday trading on Friday, hitting $80.04. The company had a trading volume of 4,445,846 shares. Capital One Financial Corporation has a 52-week low of $69.49 and a 52-week high of $96.92. The stock has a 50 day moving average of $81.97 and a 200 day moving average of $83.06. The firm has a market cap of $38.74 billion, a price-to-earnings ratio of 11.67 and a beta of 1.22.

Capital One Financial Corporation (NYSE:COF) last issued its earnings results on Thursday, July 20th. The financial services provider reported $1.96 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 firm had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $6.68 billion. During the same quarter last year, the firm earned $1.76 earnings per share. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, analysts anticipate that Capital One Financial Corporation will post $7.53 EPS for the current year.

Capital One Financial Corporation declared that its board has approved a stock 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 repurchase up to 4.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors 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 issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date was Thursday, August 3rd. Capital One Financial Corporation’s payout ratio is currently 23.43%.

In related news, CEO Richard D. Fairbank sold 367,419 shares of Capital One Financial Corporation stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $87.02, for a total value of $31,972,801.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.73% of the stock is currently owned by company insiders.

A number of research firms have weighed in on COF. Zacks Investment Research raised Capital One Financial Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. UBS AG raised Capital One Financial Corporation from an “underperform” rating to a “market perform” rating in a research note on Friday, July 21st. BidaskClub lowered Capital One Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Keefe, Bruyette & Woods set a $106.00 price objective on Capital One Financial Corporation and gave the stock a “buy” rating in a research note on Tuesday, August 15th. Finally, Instinet reissued a “buy” rating and set a $96.00 price objective (down previously from $101.00) on shares of Capital One Financial Corporation in a research note on Wednesday, July 12th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $92.19.

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Capital One Financial Corporation Company 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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