Bridges Investment Management Inc. Purchases 8,978 Shares of Capital One Financial Corp. (COF)

Bridges Investment Management Inc. grew its position in shares of Capital One Financial Corp. (NYSE:COF) by 4.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 195,993 shares of the financial services provider’s stock after buying an additional 8,978 shares during the period. Bridges Investment Management Inc.’s holdings in Capital One Financial were worth $18,012,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of Capital One Financial by 2.3% during the 1st quarter. BlackRock Inc. now owns 29,763,273 shares of the financial services provider’s stock valued at $2,851,916,000 after buying an additional 661,251 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Capital One Financial by 10.4% during the 1st quarter. JPMorgan Chase & Co. now owns 18,151,777 shares of the financial services provider’s stock valued at $1,739,303,000 after buying an additional 1,712,501 shares during the last quarter. Northern Trust Corp lifted its position in shares of Capital One Financial by 0.7% during the 1st quarter. Northern Trust Corp now owns 5,713,153 shares of the financial services provider’s stock valued at $547,434,000 after buying an additional 37,656 shares during the last quarter. Pzena Investment Management LLC lifted its position in shares of Capital One Financial by 11.5% during the 2nd quarter. Pzena Investment Management LLC now owns 5,437,557 shares of the financial services provider’s stock valued at $499,711,000 after buying an additional 559,856 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Capital One Financial by 1.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,392,882 shares of the financial services provider’s stock valued at $403,735,000 after buying an additional 46,261 shares during the last quarter. 88.28% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently commented on COF shares. UBS Group dropped their price target on Capital One Financial from $116.00 to $113.00 and set a “buy” rating on the stock in a research report on Tuesday, August 7th. Oppenheimer upgraded Capital One Financial from a “market perform” rating to an “outperform” rating and set a $113.00 price objective on the stock in a research note on Monday, July 9th. Citigroup decreased their price objective on Capital One Financial from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Monday, June 18th. BMO Capital Markets boosted their price objective on Capital One Financial from $126.00 to $132.00 and gave the company an “outperform” rating in a research note on Friday, July 20th. Finally, Morgan Stanley boosted their price objective on Capital One Financial from $104.00 to $109.00 and gave the company an “equal weight” rating in a research note on Friday, July 20th. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Capital One Financial has a consensus rating of “Buy” and an average target price of $110.90.

NYSE:COF opened at $97.00 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.98 and a current ratio of 0.98. Capital One Financial Corp. has a 52-week low of $78.46 and a 52-week high of $106.50. The firm has a market cap of $47.19 billion, a P/E ratio of 12.45, a P/E/G ratio of 0.84 and a beta of 1.29.

Capital One Financial (NYSE:COF) last announced its earnings results on Thursday, July 19th. The financial services provider reported $3.22 earnings per share for the quarter, topping analysts’ consensus estimates of $2.63 by $0.59. The business had revenue of $7.19 billion for the quarter, compared to analyst estimates of $6.95 billion. Capital One Financial had a return on equity of 10.44% and a net margin of 10.73%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.96 EPS. research analysts forecast that Capital One Financial Corp. will post 11.05 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 16th. Shareholders of record on Monday, August 6th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, August 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 1.65%. Capital One Financial’s dividend payout ratio is currently 20.54%.

In other Capital One Financial news, insider Kevin S. Borgmann sold 19,117 shares of the company’s stock in a transaction dated Tuesday, July 24th. The stock was sold at an average price of $100.00, for a total value of $1,911,700.00. Following the transaction, the insider now directly owns 62,567 shares in the company, valued at approximately $6,256,700. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Bradford H. Warner sold 4,229 shares of the company’s stock in a transaction dated Monday, July 2nd. The stock was sold at an average price of $92.55, for a total value of $391,393.95. Following the completion of the transaction, the director now owns 56,221 shares in the company, valued at $5,203,253.55. The disclosure for this sale can be found here. Insiders sold a total of 285,955 shares of company stock worth $28,384,891 over the last 90 days. Corporate insiders own 1.73% of the company’s stock.

Capital One Financial Profile

Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

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

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