Clearbridge Investments LLC Raises Position in Capital One Financial Co. (NYSE:COF)

Clearbridge Investments LLC increased its holdings in shares of Capital One Financial Co. (NYSE:COF - Free Report) by 5.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,663,439 shares of the financial services provider's stock after buying an additional 189,843 shares during the period. Clearbridge Investments LLC owned about 0.96% of Capital One Financial worth $507,203,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in COF. Silicon Valley Capital Partners bought a new position in shares of Capital One Financial during the first quarter worth about $25,000. LRI Investments LLC bought a new stake in shares of Capital One Financial in the 1st quarter valued at $25,000. Y.D. More Investments Ltd bought a new stake in shares of Capital One Financial in the 2nd quarter valued at $28,000. Hobbs Group Advisors LLC bought a new position in Capital One Financial during the second quarter worth $29,000. Finally, Bartlett & CO. Wealth Management LLC lifted its holdings in Capital One Financial by 726.7% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 248 shares of the financial services provider's stock valued at $33,000 after buying an additional 218 shares during the period. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

COF has been the subject of a number of recent analyst reports. Evercore ISI decreased their price target on Capital One Financial from $155.00 to $154.00 and set an "in-line" rating for the company in a report on Tuesday, June 25th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $150.00 target price on shares of Capital One Financial in a report on Thursday, July 25th. JPMorgan Chase & Co. boosted their price target on Capital One Financial from $148.00 to $155.00 and gave the company a "neutral" rating in a research note on Monday, July 8th. 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 objective for the company. Finally, Bank of America boosted their target price on shares of Capital One Financial from $158.00 to $161.00 and gave the company a "buy" rating in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, Capital One Financial presently has an average rating of "Hold" and an average target price of $147.21.

Capital One Financial Stock Down 2.0 %

Capital One Financial stock traded down $2.93 during trading on Tuesday, hitting $146.80. 1,713,722 shares of the company were exchanged, compared to its average volume of 2,463,538. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.81. The business's 50 day moving average is $142.72 and its 200 day moving average is $141.42. Capital One Financial Co. has a 52 week low of $88.23 and a 52 week high of $154.18. The company has a market capitalization of $55.81 billion, a P/E ratio of 11.50, a PEG ratio of 1.21 and a beta of 1.44.

Capital One Financial (NYSE:COF - Get Free Report) last announced its earnings results 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 net margin of 9.01% and a return on equity of 9.31%. The firm had revenue of $9.51 billion during the quarter, compared to analysts' expectations of $9.57 billion. During the same quarter in the prior year, the company earned $3.52 EPS. The business's revenue for the quarter was up 5.5% on a year-over-year basis. Analysts predict that Capital One Financial Co. will post 12.91 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.40 dividend on an annualized basis and a yield of 1.63%. Capital One Financial's dividend payout ratio (DPR) is currently 18.79%.

Insiders Place Their Bets

In related news, insider Robert M. Alexander sold 30,742 shares of the firm'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 completion of the sale, the insider now owns 73,734 shares in the company, valued at $11,060,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Capital One Financial news, insider Robert M. Alexander sold 30,742 shares of the business's stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total value of $4,611,300.00. Following the sale, the insider now directly owns 73,734 shares in the company, valued at $11,060,100. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Kevin S. Borgmann sold 61,532 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total value of $8,175,141.52. Following the transaction, the chief executive officer now 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. Insiders own 1.30% of the company's stock.

Capital One Financial Company Profile

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.