16,718 Shares in Capital One Financial Corporation $COF Purchased by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd acquired a new position in shares of Capital One Financial Corporation (NYSE:COF) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 16,718 shares of the financial services provider’s stock, valued at approximately $3,354,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Evolution Wealth Management Inc. lifted its position in Capital One Financial by 529.4% in the fourth quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after buying an additional 90 shares during the last quarter. Solstein Capital LLC purchased a new position in Capital One Financial during the second quarter worth $26,000. VSM Wealth Advisory LLC bought a new position in Capital One Financial during the fourth quarter valued at $27,000. Cherry Tree Wealth Management LLC increased its position in Capital One Financial by 1,312.5% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 105 shares during the last quarter. Finally, Ballast Advisors LLC bought a new position in Capital One Financial during the first quarter valued at $27,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Capital One Financial

In related news, insider Ravi Raghu sold 9,726 shares of the business’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $209.78, for a total value of $2,040,320.28. Following the completion of the transaction, the insider directly owned 26,328 shares in the company, valued at $5,523,087.84. The trade was a 26.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the company’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $208.00, for a total transaction of $728,000.00. Following the completion of the transaction, the general counsel owned 90,194 shares of the company’s stock, valued at approximately $18,760,352. This trade represents a 3.74% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 26,267 shares of company stock worth $5,617,648. Insiders own 0.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on COF. JPMorgan Chase & Co. raised their target price on shares of Capital One Financial from $215.00 to $245.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. UBS Group upped their target price on Capital One Financial from $275.00 to $280.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Citigroup dropped their price objective on shares of Capital One Financial from $310.00 to $295.00 and set a “buy” rating on the stock in a research note on Tuesday, July 28th. HSBC upgraded Capital One Financial from a “hold” rating to a “buy” rating and upped their price objective for the stock from $226.00 to $229.00 in a research note on Sunday, July 12th. Finally, Wolfe Research raised their price objective on Capital One Financial from $255.00 to $275.00 and gave the company an “outperform” rating in a research report on Tuesday. Twenty-one equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $258.91.

Capital One Financial Trading Down 0.4%

Shares of Capital One Financial stock opened at $215.81 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39. The firm’s 50 day simple moving average is $210.32 and its two-hundred day simple moving average is $198.00. Capital One Financial Corporation has a 12-month low of $174.24 and a 12-month high of $259.64. The firm has a market capitalization of $132.40 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 0.80 and a beta of 1.02.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, topping analysts’ consensus estimates of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The company had revenue of $15.83 billion during the quarter, compared to analysts’ expectations of $15.76 billion. During the same quarter in the previous year, the firm posted $5.48 EPS. The firm’s revenue was up 26.9% compared to the same quarter last year. Analysts predict that Capital One Financial Corporation will post 20.29 EPS for the current year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, August 17th. Capital One Financial’s dividend payout ratio (DPR) is 19.80%.

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.