Sumitomo Mitsui Asset Management Company LTD Sells 2,219 Shares of Capital One Financial Corporation (NYSE:COF)

Sumitomo Mitsui Asset Management Company LTD lowered its position in shares of Capital One Financial Corporation (NYSE:COF) by 5.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 38,537 shares of the financial services provider’s stock after selling 2,219 shares during the period. Sumitomo Mitsui Asset Management Company LTD’s holdings in Capital One Financial Corporation were worth $3,183,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Guardian Life Insurance Co. of America boosted 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 valued at $161,000 after buying an additional 11 shares during the period. Trust Co. of Virginia VA boosted 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 valued at $397,000 after buying an additional 35 shares during the period. Quadrant Capital Group LLC boosted 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 valued at $121,000 after buying an additional 36 shares during the period. Hugh Johnson Advisors LLC boosted 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 valued at $1,847,000 after buying an additional 54 shares during the period. Finally, Union Bankshares Corp boosted its position in shares of Capital One Financial Corporation by 1.0% in the second quarter. Union Bankshares Corp now owns 8,814 shares of the financial services provider’s stock worth $728,000 after buying an additional 86 shares in the last quarter. Institutional investors and hedge funds own 87.56% of the company’s stock.

Shares of Capital One Financial Corporation (NYSE COF) opened at 81.53 on Friday. The firm has a market capitalization of $39.46 billion, a price-to-earnings ratio of 11.89 and a beta of 1.20. The company has a 50-day moving average price of $83.77 and a 200 day moving average price of $84.40. Capital One Financial Corporation has a 12-month low of $68.08 and a 12-month high of $96.92.

Capital One Financial Corporation (NYSE:COF) last issued its earnings results on Thursday, July 20th. The financial services provider reported $1.96 EPS for the quarter, topping the Thomson Reuters’ 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 company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $6.68 billion. During the same period in the previous year, the company posted $1.76 EPS. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. Equities research analysts expect that Capital One Financial Corporation will post $7.54 earnings per share for the current fiscal year.

Capital One Financial Corporation announced that its board has approved a share 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 buy up to 4.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, August 7th were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $1.60 annualized dividend and a yield of 1.96%. Capital One Financial Corporation’s dividend payout ratio is presently 23.43%.

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COF has been the topic of a number of analyst reports. Rafferty Capital Markets cut Capital One Financial Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. Oppenheimer Holdings, Inc. dropped their price target on Capital One Financial Corporation from $84.00 to $80.00 and set an “underperform” rating on the stock in a research note on Wednesday, April 26th. CIBC dropped their price target on Capital One Financial Corporation from $84.00 to $80.00 and set an “underperform” rating on the stock in a research note on Wednesday, April 26th. Nomura reissued a “buy” rating and issued a $101.00 price target on shares of Capital One Financial Corporation in a research note on Wednesday, April 26th. Finally, Instinet reissued a “buy” rating and issued a $101.00 price target (down previously from $105.00) on shares of Capital One Financial Corporation in a research note on Saturday, April 29th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Capital One Financial Corporation presently has a consensus rating of “Hold” and an average price target of $92.76.

In other news, CEO Richard D. Fairbank sold 367,419 shares of the business’s stock in a transaction on Wednesday, July 26th. The stock was 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 Securities & Exchange Commission, which is available at the SEC website. 1.73% of the stock is owned by insiders.

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.

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

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