Bridges Investment Management Inc. Buys 2,069 Shares of Capital One Financial Corporation $COF

Bridges Investment Management Inc. boosted its stake in shares of Capital One Financial Corporation (NYSE:COF) by 22.7% during the second quarter, Holdings Channel.com reports. The firm owned 11,202 shares of the financial services provider’s stock after purchasing an additional 2,069 shares during the quarter. Bridges Investment Management Inc.’s holdings in Capital One Financial were worth $2,383,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. WPG Advisers LLC bought a new stake in Capital One Financial during the first quarter valued at about $25,000. Moisand Fitzgerald Tamayo LLC boosted its holdings in Capital One Financial by 103.3% in the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 62 shares in the last quarter. Olistico Wealth LLC boosted its holdings in Capital One Financial by 439.1% in the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 101 shares in the last quarter. Saudi Central Bank acquired a new stake in Capital One Financial in the first quarter worth about $27,000. Finally, RMG Wealth Management LLC acquired a new stake in Capital One Financial in the second quarter worth about $27,000. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Trading Down 5.6%

Shares of NYSE:COF opened at $203.04 on Friday. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $232.45. The stock has a market cap of $129.85 billion, a price-to-earnings ratio of 104.12, a PEG ratio of 0.78 and a beta of 1.18. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average price of $218.95 and a 200-day moving average price of $203.00.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, beating the consensus estimate of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to analysts’ expectations of $12.72 billion. The firm’s revenue was up 31.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.14 earnings per share. Equities analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, August 15th. Capital One Financial’s dividend payout ratio (DPR) is currently 123.08%.

Analyst Ratings Changes

COF has been the subject of several recent analyst reports. Robert W. Baird raised their price target on Capital One Financial from $240.00 to $245.00 and gave the stock an “outperform” rating in a report on Thursday, October 2nd. UBS Group lowered their price target on Capital One Financial from $270.00 to $266.00 and set a “buy” rating for the company in a report on Tuesday, October 7th. Redburn Atlantic raised Capital One Financial to a “strong-buy” rating in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft raised their price target on Capital One Financial from $215.00 to $224.00 and gave the stock a “hold” rating in a report on Thursday, October 2nd. Finally, Wall Street Zen upgraded Capital One Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $252.78.

Insider Buying and Selling

In related news, CAO Timothy P. Golden sold 3,462 shares of Capital One Financial stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total transaction of $727,989.36. Following the completion of the transaction, the chief accounting officer directly owned 8,987 shares in the company, valued at approximately $1,889,786.36. This trade represents a 27.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Zamsky sold 5,515 shares of Capital One Financial stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $209.59, for a total value of $1,155,888.85. Following the transaction, the insider owned 27,364 shares of the company’s stock, valued at approximately $5,735,220.76. This represents a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,298 shares of company stock valued at $5,103,824 in the last ninety days. Insiders own 1.26% 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.