South State Corp Raises Holdings in Capital One Financial Corporation (COF)

South State Corp grew its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 9.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 65,457 shares of the financial services provider’s stock after purchasing an additional 5,510 shares during the period. South State Corp’s holdings in Capital One Financial Corporation were worth $5,408,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Capital One Financial Corporation by 47.1% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,652 shares of the financial services provider’s stock worth $137,000 after purchasing an additional 529 shares during the period. Guardian Life Insurance Co. of America raised its holdings in shares of Capital One Financial Corporation by 0.6% during the first quarter. Guardian Life Insurance Co. of America now owns 1,860 shares of the financial services provider’s stock worth $161,000 after purchasing an additional 11 shares during the period. SRS Capital Advisors Inc. raised its holdings in shares of Capital One Financial Corporation by 16.6% during the first quarter. SRS Capital Advisors Inc. now owns 2,289 shares of the financial services provider’s stock worth $198,000 after purchasing an additional 326 shares during the period. Private Trust Co. NA acquired a new stake in shares of Capital One Financial Corporation during the second quarter worth $205,000. Finally, Aspiriant LLC acquired a new stake in shares of Capital One Financial Corporation during the second quarter worth $205,000. 88.05% of the stock is currently owned by institutional investors.

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A number of brokerages have weighed in on COF. Morgan Stanley cut shares of Capital One Financial Corporation from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $97.00 to $83.00 in a report on Friday. Robert W. Baird reissued a “hold” rating and set a $84.00 target price on shares of Capital One Financial Corporation in a report on Tuesday, September 5th. Keefe, Bruyette & Woods set a $106.00 target price on shares of Capital One Financial Corporation and gave the stock a “buy” rating in a report on Tuesday, August 15th. BidaskClub cut shares of Capital One Financial Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. Finally, Compass Point began coverage on shares of Capital One Financial Corporation in a report on Thursday, August 10th. They set a “neutral” rating and a $90.00 target price on the stock. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Capital One Financial Corporation presently has a consensus rating of “Hold” and a consensus target price of $92.19.

In related news, CEO Richard D. Fairbank sold 367,419 shares of Capital One Financial Corporation stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.73% of the company’s stock.

Capital One Financial Corporation (COF) traded up 0.33% during trading on Tuesday, reaching $79.32. 525,439 shares of the company’s stock traded hands. The company has a market capitalization of $38.39 billion, a price-to-earnings ratio of 11.57 and a beta of 1.22. Capital One Financial Corporation has a 12 month low of $69.49 and a 12 month high of $96.92. The firm’s 50 day moving average is $82.82 and its 200-day moving average is $83.33.

Capital One Financial Corporation (NYSE:COF) last released its quarterly earnings results on Thursday, July 20th. The financial services provider reported $1.96 earnings per share (EPS) 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 business had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $6.68 billion. During the same period in the previous year, the business posted $1.76 earnings per share. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. Analysts expect that Capital One Financial Corporation will post $7.53 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Investors 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 dividend yield of 2.02%. Capital One Financial Corporation’s dividend payout ratio is 23.43%.

Capital One Financial Corporation announced that its Board of Directors has authorized a stock buyback program on Wednesday, June 28th that permits the company to buyback $1.85 billion in shares. This buyback authorization permits the financial services provider to repurchase up to 4.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Capital One Financial Corporation 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.

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

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