Bridges Investment Management Inc. Purchases 1,045 Shares of Capital One Financial Co. (NYSE:COF)

Bridges Investment Management Inc. boosted its holdings in shares of Capital One Financial Co. (NYSE:COF) by 10.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 10,795 shares of the financial services provider’s stock after buying an additional 1,045 shares during the period. Bridges Investment Management Inc.’s holdings in Capital One Financial were worth $1,495,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Capital Research Global Investors grew its holdings in shares of Capital One Financial by 72.8% during the first quarter. Capital Research Global Investors now owns 21,128,089 shares of the financial services provider’s stock worth $3,145,761,000 after purchasing an additional 8,900,241 shares in the last quarter. Clearbridge Investments LLC grew its stake in Capital One Financial by 18.8% in the 1st quarter. Clearbridge Investments LLC now owns 3,473,596 shares of the financial services provider’s stock worth $517,184,000 after buying an additional 549,665 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Capital One Financial by 123.4% in the 2nd quarter. International Assets Investment Management LLC now owns 772,961 shares of the financial services provider’s stock worth $107,016,000 after buying an additional 427,000 shares during the last quarter. Capital World Investors raised its position in shares of Capital One Financial by 2.1% during the 4th quarter. Capital World Investors now owns 14,991,564 shares of the financial services provider’s stock valued at $1,965,761,000 after buying an additional 311,696 shares in the last quarter. Finally, Commerce Bank lifted its holdings in shares of Capital One Financial by 2,119.5% during the 1st quarter. Commerce Bank now owns 307,842 shares of the financial services provider’s stock worth $45,835,000 after acquiring an additional 293,972 shares during the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Price Performance

COF opened at $152.28 on Friday. The stock’s 50 day moving average price is $142.56 and its 200-day moving average price is $140.88. Capital One Financial Co. has a 52-week low of $88.23 and a 52-week high of $153.36. The stock has a market capitalization of $57.90 billion, a PE ratio of 11.92, a price-to-earnings-growth ratio of 1.08 and a beta of 1.44. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.00 and a current ratio of 1.00.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $3.14 EPS for the quarter, missing the consensus estimate of $3.28 by ($0.14). Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The company had revenue of $9.51 billion during the quarter, compared to the consensus estimate of $9.57 billion. During the same quarter last year, the company posted $3.52 earnings per share. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities research analysts predict that Capital One Financial Co. will post 13.1 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were issued a dividend of $0.60 per share. The ex-dividend date was Monday, August 12th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.58%. Capital One Financial’s dividend payout ratio (DPR) is 18.79%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $150.00 target price on shares of Capital One Financial in a research note on Thursday, July 25th. Bank of America raised their price objective on Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Citigroup initiated coverage on Capital One Financial in a research note on Friday. They issued a “buy” rating and a $190.00 target price for the company. JPMorgan Chase & Co. lifted their price target on shares of Capital One Financial from $148.00 to $155.00 and gave the stock a “neutral” rating in a research note on Monday, July 8th. Finally, Jefferies Financial Group raised shares of Capital One Financial from a “hold” rating to a “buy” rating and upped their price objective for the company from $145.00 to $165.00 in a research note on Thursday, June 6th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $147.21.

Insider Transactions at Capital One Financial

In related news, CEO Kevin S. Borgmann sold 61,532 shares of Capital One Financial stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the sale, the chief executive officer now directly owns 40,934 shares in the company, valued at $5,438,491.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Robert M. Alexander sold 30,742 shares of the business’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the sale, the insider now owns 73,734 shares of the company’s stock, valued at $11,060,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Kevin S. Borgmann sold 61,532 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the transaction, the chief executive officer now directly owns 40,934 shares of the company’s stock, valued at approximately $5,438,491.24. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

About Capital One Financial

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.