Newbridge Financial Services Group Inc. Has $3.06 Million Position in Capital One Financial Corporation $COF

Newbridge Financial Services Group Inc. boosted its stake in shares of Capital One Financial Corporation (NYSE:COF) by 3,567.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,413 shares of the financial services provider’s stock after acquiring an additional 14,020 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Capital One Financial were worth $3,064,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in COF. Howard Hughes Medical Institute bought a new position in shares of Capital One Financial in the second quarter worth $29,000. WFA of San Diego LLC bought a new stake in Capital One Financial during the second quarter worth about $32,000. Crowley Wealth Management Inc. bought a new stake in Capital One Financial during the third quarter worth about $33,000. Wolff Wiese Magana LLC grew its stake in Capital One Financial by 41.3% during the third quarter. Wolff Wiese Magana LLC now owns 195 shares of the financial services provider’s stock worth $41,000 after buying an additional 57 shares in the last quarter. Finally, Bell Investment Advisors Inc grew its stake in Capital One Financial by 86.9% during the second quarter. Bell Investment Advisors Inc now owns 200 shares of the financial services provider’s stock worth $43,000 after buying an additional 93 shares in the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Stock Up 1.3%

COF stock opened at $179.76 on Friday. The firm has a 50-day moving average price of $215.61 and a 200-day moving average price of $220.89. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $259.64. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $111.80 billion, a P/E ratio of 60.73, a price-to-earnings-growth ratio of 0.53 and a beta of 1.14.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.14 by ($0.28). Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. The business’s revenue was up 53.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.67 EPS. As a group, equities research analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 19th were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Thursday, February 19th. Capital One Financial’s payout ratio is presently 108.11%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Evercore dropped their target price on shares of Capital One Financial from $290.00 to $265.00 and set an “outperform” rating for the company in a research report on Tuesday, January 27th. Wall Street Zen lowered shares of Capital One Financial from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Capital One Financial in a research note on Monday, December 29th. Jefferies Financial Group boosted their price objective on shares of Capital One Financial from $265.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. Finally, JPMorgan Chase & Co. upped their target price on Capital One Financial from $237.00 to $256.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $274.70.

Insider Activity

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of the firm’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $250.00, for a total transaction of $500,000.00. Following the sale, the general counsel owned 92,486 shares of the company’s stock, valued at $23,121,500. This trade represents a 2.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Lia Dean sold 3,284 shares of the business’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $223.68, for a total value of $734,565.12. Following the sale, the insider owned 70,162 shares in the company, valued at $15,693,836.16. This represents a 4.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 67,933 shares of company stock valued at $14,363,897. 1.26% of the stock is currently owned by insiders.

Capital One Financial Company Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.