Capital One Financial Corporation (NYSE:COF) Position Reduced by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board cut its position in shares of Capital One Financial Corporation (NYSE:COF) by 7.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,917 shares of the financial services provider’s stock after selling 3,800 shares during the period. New Mexico Educational Retirement Board’s holdings in Capital One Financial Corporation were worth $3,871,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of COF. BlackRock Inc. raised its position 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 buying an additional 30,306,250 shares during the period. AQR Capital Management LLC raised its position 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 buying an additional 1,360,057 shares during the period. Prudential Financial Inc. raised its position 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 buying an additional 1,197,860 shares during the period. Vanguard Group Inc. raised its position 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 buying an additional 963,101 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Capital One Financial Corporation during the first quarter worth about $63,369,000. Institutional investors own 87.56% of the company’s stock.

Capital One Financial Corporation (COF) traded down 0.56% during mid-day trading on Friday, reaching $81.53. 2,415,346 shares of the company traded hands. Capital One Financial Corporation has a 12-month low of $68.08 and a 12-month high of $96.92. The company’s 50-day moving average is $83.77 and its 200-day moving average is $84.40. The stock has a market capitalization of $39.46 billion, a price-to-earnings ratio of 11.89 and a beta of 1.20.

Capital One Financial Corporation (NYSE:COF) last posted its quarterly earnings data on Thursday, July 20th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.06. The business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $6.68 billion. Capital One Financial Corporation had a return on equity of 7.92% and a net margin of 13.32%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.76 earnings per share. Equities analysts predict 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 program 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 programs are usually an indication that the company’s management believes its stock is undervalued.

The company 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 was Thursday, August 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 1.96%. Capital One Financial Corporation’s dividend payout ratio (DPR) is 23.43%.

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

In other Capital One Financial Corporation news, CEO Richard D. Fairbank sold 367,419 shares of the 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.73% of the stock is currently owned by corporate 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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