Cohen Klingenstein LLC Continues to Hold Stake in Capital One Financial Corporation (NYSE:COF)

Cohen Klingenstein LLC continued to hold its position in shares of Capital One Financial Corporation (NYSE:COF) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,977 shares of the financial services provider’s stock at the end of the second quarter. Cohen Klingenstein LLC’s holdings in Capital One Financial Corporation were worth $659,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Quadrant Capital Group LLC boosted its position 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 in the last quarter. Guardian Life Insurance Co. of America boosted its position 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 in the last quarter. SRS Capital Advisors Inc. boosted its position in shares of Capital One Financial Corporation by 16.6% in the first quarter. SRS Capital Advisors Inc. now owns 2,289 shares of the financial services provider’s stock valued at $198,000 after buying an additional 326 shares in the last quarter. Private Trust Co. NA bought a new position in shares of Capital One Financial Corporation during the second quarter valued at about $205,000. Finally, Lowe Brockenbrough & Co. Inc. bought a new position in shares of Capital One Financial Corporation during the first quarter valued at about $207,000. Institutional investors own 88.42% of the company’s stock.

Shares of Capital One Financial Corporation (NYSE:COF) traded down 0.40% on Monday, reaching $82.17. 1,916,244 shares of the company were exchanged. Capital One Financial Corporation has a 52 week low of $65.00 and a 52 week high of $96.92. The stock has a market capitalization of $39.63 billion, a price-to-earnings ratio of 12.47 and a beta of 1.19. The firm’s 50 day moving average price is $79.95 and its 200 day moving average price is $85.59.

Capital One Financial Corporation (NYSE:COF) last announced its quarterly earnings data on Tuesday, April 25th. The financial services provider reported $1.75 EPS for the quarter, missing the consensus estimate of $1.93 by $0.18. Capital One Financial Corporation had a net margin of 12.96% and a return on equity of 7.83%. The business had revenue of $6.54 billion for the quarter, compared to analyst estimates of $6.63 billion. During the same quarter in the previous year, the firm posted $1.84 earnings per share. The business’s revenue was down .5% on a year-over-year basis. Equities research analysts anticipate that Capital One Financial Corporation will post $7.50 EPS for the current year.

Capital One Financial Corporation announced that its Board of Directors has approved a stock repurchase plan on Wednesday, June 28th that allows the company to buyback $1.85 billion in shares. This buyback authorization allows the financial services provider to purchase up to 4.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

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Several equities analysts recently issued reports on the stock. Oppenheimer Holdings, Inc. reduced their price target on shares of Capital One Financial Corporation from $84.00 to $80.00 and set an “underperform” rating on the stock in a research report on Wednesday, April 26th. Wedbush cut shares of Capital One Financial Corporation from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $94.00 to $80.00 in a research report on Wednesday, July 5th. Credit Suisse Group reiterated a “hold” rating and set a $99.00 price target on shares of Capital One Financial Corporation in a research report on Friday, April 7th. Instinet upgraded shares of Capital One Financial Corporation from a “neutral” rating to a “buy” rating and boosted their price target for the company from $97.00 to $105.00 in a research report on Wednesday, March 29th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $106.00 price target on shares of Capital One Financial Corporation in a research report on Friday, June 16th. Six analysts have rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $92.90.

In other Capital One Financial Corporation news, insider Michael Slocum sold 6,276 shares of Capital One Financial Corporation stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $82.16, for a total transaction of $515,636.16. Following the completion of the sale, the insider now directly owns 61,905 shares in the company, valued at approximately $5,086,114.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.73% of the company’s stock.

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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