Lingotto Investment Management LLP Makes New Investment in Capital One Financial Co. (NYSE:COF)

Lingotto Investment Management LLP acquired a new stake in shares of Capital One Financial Co. (NYSE:COF) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,100 shares of the financial services provider’s stock, valued at approximately $1,979,000.

A number of other institutional investors have also made changes to their positions in the stock. State Street Corp boosted its holdings in Capital One Financial by 0.5% during the third quarter. State Street Corp now owns 16,506,861 shares of the financial services provider’s stock valued at $2,471,572,000 after acquiring an additional 74,784 shares during the period. Franklin Resources Inc. grew its holdings in Capital One Financial by 2.8% in the 3rd quarter. Franklin Resources Inc. now owns 10,387,265 shares of the financial services provider’s stock valued at $1,649,488,000 after buying an additional 280,462 shares during the last quarter. Fisher Asset Management LLC increased its position in Capital One Financial by 0.7% in the 3rd quarter. Fisher Asset Management LLC now owns 9,694,297 shares of the financial services provider’s stock worth $1,451,527,000 after buying an additional 72,097 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Capital One Financial by 2.0% during the third quarter. Geode Capital Management LLC now owns 8,020,160 shares of the financial services provider’s stock worth $1,198,664,000 after buying an additional 159,616 shares during the last quarter. Finally, FMR LLC boosted its position in shares of Capital One Financial by 21.4% in the third quarter. FMR LLC now owns 6,640,951 shares of the financial services provider’s stock valued at $994,350,000 after acquiring an additional 1,169,395 shares during the period. 89.84% of the stock is owned by institutional investors.

Capital One Financial Stock Down 3.0 %

Shares of NYSE:COF opened at $193.94 on Wednesday. The company’s fifty day moving average is $192.01 and its 200-day moving average is $171.88. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98. Capital One Financial Co. has a 52 week low of $128.23 and a 52 week high of $210.67. The company has a market capitalization of $73.96 billion, a PE ratio of 16.73, a P/E/G ratio of 1.19 and a beta of 1.47.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.31. The firm had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10.22 billion. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.81 earnings per share. Equities research analysts predict that Capital One Financial Co. will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be issued a dividend of $0.60 per share. The ex-dividend date is Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a yield of 1.24%. Capital One Financial’s dividend payout ratio is 20.71%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on COF. Evercore ISI boosted their target price on shares of Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price objective on shares of Capital One Financial from $162.00 to $186.00 and gave the stock a “neutral” rating in a report on Monday, December 9th. Royal Bank of Canada increased their target price on shares of Capital One Financial from $190.00 to $200.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 22nd. The Goldman Sachs Group boosted their price target on Capital One Financial from $182.00 to $205.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, Bank of America raised Capital One Financial from a “neutral” rating to a “buy” rating and upped their price target for the company from $207.00 to $235.00 in a report on Wednesday, February 19th. Seven analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $202.27.

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.