Capital One Financial Co. (NYSE:COF) Shares Purchased by Clearbridge Investments LLC

Clearbridge Investments LLC increased its position in shares of Capital One Financial Co. (NYSE:COF) by 5.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,663,439 shares of the financial services provider’s stock after purchasing an additional 189,843 shares during the period. Clearbridge Investments LLC owned 0.96% of Capital One Financial worth $507,203,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in Capital One Financial by 21.4% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 27,493 shares of the financial services provider’s stock worth $4,093,000 after purchasing an additional 4,840 shares in the last quarter. Twin Tree Management LP raised its stake in Capital One Financial by 5.6% during the first quarter. Twin Tree Management LP now owns 68,504 shares of the financial services provider’s stock worth $10,200,000 after purchasing an additional 3,609 shares during the period. Clear Harbor Asset Management LLC purchased a new position in shares of Capital One Financial in the 2nd quarter valued at $511,000. QRG Capital Management Inc. raised its stake in shares of Capital One Financial by 3.2% in the 2nd quarter. QRG Capital Management Inc. now owns 122,264 shares of the financial services provider’s stock valued at $16,927,000 after acquiring an additional 3,776 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its stake in shares of Capital One Financial by 20.4% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 15,817 shares of the financial services provider’s stock valued at $2,355,000 after acquiring an additional 2,675 shares during the period. Institutional investors and hedge funds own 89.84% of the company’s stock.

Insider Activity at Capital One Financial

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

Capital One Financial Price Performance

COF stock opened at $149.73 on Tuesday. Capital One Financial Co. has a 1 year low of $88.23 and a 1 year high of $154.18. The firm has a market capitalization of $56.93 billion, a PE ratio of 11.73, a price-to-earnings-growth ratio of 1.21 and a beta of 1.44. The business has a 50 day simple moving average of $142.69 and a 200-day simple moving average of $141.34. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.00 and a quick 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 earnings per share (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 firm had revenue of $9.51 billion for the quarter, compared to analysts’ expectations of $9.57 billion. During the same period in the previous year, the business posted $3.52 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities research analysts anticipate that Capital One Financial Co. will post 12.91 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were paid a $0.60 dividend. The ex-dividend date was Monday, August 12th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.60%. Capital One Financial’s dividend payout ratio (DPR) is presently 18.79%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on COF. 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. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $150.00 price target on shares of Capital One Financial in a report on Thursday, July 25th. Jefferies Financial Group raised shares of Capital One Financial from a “hold” rating to a “buy” rating and boosted their target price for the company from $145.00 to $165.00 in a research note on Thursday, June 6th. Evercore ISI dropped their price target on shares of Capital One Financial from $155.00 to $154.00 and set an “in-line” rating on the stock in a research report on Tuesday, June 25th. Finally, Citigroup began coverage on shares of Capital One Financial in a research report on Friday, September 20th. They set a “buy” rating and a $190.00 price target on the stock. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $147.21.

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.