QS Investors LLC Reduces Stock Position in Capital One Financial Co. (NYSE:COF)

QS Investors LLC lessened its stake in shares of Capital One Financial Co. (NYSE:COF) by 2.0% during the second quarter, HoldingsChannel.com reports. The fund owned 26,002 shares of the financial services provider’s stock after selling 534 shares during the quarter. QS Investors LLC’s holdings in Capital One Financial were worth $4,023,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in COF. Clearbridge Investments LLC boosted its holdings in shares of Capital One Financial by 6.1% in the second quarter. Clearbridge Investments LLC now owns 742,578 shares of the financial services provider’s stock worth $114,869,000 after buying an additional 42,824 shares during the last quarter. Brandywine Global Investment Management LLC boosted its holdings in shares of Capital One Financial by 4.5% in the second quarter. Brandywine Global Investment Management LLC now owns 476,728 shares of the financial services provider’s stock worth $73,745,000 after buying an additional 20,679 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of Capital One Financial by 33.4% in the second quarter. LPL Financial LLC now owns 98,754 shares of the financial services provider’s stock worth $15,276,000 after buying an additional 24,748 shares during the last quarter. CAPROCK Group Inc. boosted its holdings in shares of Capital One Financial by 47.0% in the second quarter. CAPROCK Group Inc. now owns 3,157 shares of the financial services provider’s stock worth $488,000 after buying an additional 1,010 shares during the last quarter. Finally, Stifel Financial Corp boosted its holdings in shares of Capital One Financial by 10.4% in the second quarter. Stifel Financial Corp now owns 158,048 shares of the financial services provider’s stock worth $24,450,000 after buying an additional 14,880 shares during the last quarter. 88.51% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial stock opened at $162.10 on Thursday. The stock has a market cap of $72.32 billion, a P/E ratio of 6.47, a PEG ratio of 0.30 and a beta of 1.77. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.91 and a quick ratio of 0.89. Capital One Financial Co. has a 1 year low of $70.78 and a 1 year high of $177.95. The firm’s 50 day moving average price is $165.39 and its 200-day moving average price is $156.87.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Thursday, July 22nd. The financial services provider reported $7.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.78 by $2.93. The firm had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.13 billion. Capital One Financial had a net margin of 37.90% and a return on equity of 19.07%. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter last year, the business posted ($2.21) earnings per share. As a group, equities analysts expect that Capital One Financial Co. will post 24.3 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 20th. Investors of record on Monday, August 9th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.48%. The ex-dividend date was Friday, August 6th. This is a boost from Capital One Financial’s previous quarterly dividend of $0.40. Capital One Financial’s payout ratio is currently 41.45%.

A number of equities analysts recently issued reports on the stock. Robert W. Baird downgraded shares of Capital One Financial from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $175.80 to $145.00 in a report on Monday, August 30th. Stephens raised their price objective on shares of Capital One Financial from $152.00 to $170.00 and gave the stock an “equal weight” rating in a report on Friday, July 23rd. Seaport Global Securities began coverage on shares of Capital One Financial in a report on Monday, August 30th. They set a “neutral” rating on the stock. Citigroup lifted their price target on shares of Capital One Financial from $185.00 to $195.00 and gave the company a “buy” rating in a report on Friday, October 1st. Finally, Morgan Stanley lifted their price target on shares of Capital One Financial from $174.00 to $212.00 and gave the company an “overweight” rating in a report on Thursday, July 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $170.10.

In related news, CEO Richard D. Fairbank sold 218,989 shares of the business’s stock in a transaction on Tuesday, July 27th. The shares were sold at an average price of $161.81, for a total value of $35,434,610.09. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John G. Finneran, Jr. sold 20,000 shares of Capital One Financial stock in a transaction on Thursday, September 23rd. The stock was sold at an average price of $165.37, for a total transaction of $3,307,400.00. The disclosure for this sale can be found here. Insiders sold 305,524 shares of company stock worth $49,663,550 in the last 90 days. 1.31% of the stock is currently owned by company insiders.

Capital One Financial Company Profile

Capital One Financial Corp. operates as a financial holding company. The firm engages in the provision of financial products and services. It operates through the following segments: Credit Card, Consumer Banking and Commercial Banking. The Credit Card segment offers domestic consumer and small business card lending, and international card lending businesses.

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Want to see what other hedge funds are holding COF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital One Financial Co. (NYSE:COF).

Institutional Ownership by Quarter for Capital One Financial (NYSE:COF)

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