Lombard Odier Asset Management Europe Ltd Makes New $3.35 Million Investment in Capital One Financial Corporation $COF

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

Other institutional investors have also modified their holdings of the company. Archer Investment Corp purchased a new stake in shares of Capital One Financial during the second quarter worth about $118,000. Kingsview Wealth Management LLC acquired a new position in shares of Capital One Financial during the 2nd quarter worth about $4,309,000. Beacon Pointe Advisors LLC purchased a new position in Capital One Financial in the 2nd quarter valued at about $13,446,000. Pin Oak Investment Advisors Inc. purchased a new position in Capital One Financial in the 2nd quarter valued at about $44,000. Finally, 49 Wealth Management LLC acquired a new stake in Capital One Financial in the 2nd quarter worth about $210,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Stock Performance

Shares of COF opened at $215.81 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02. Capital One Financial Corporation has a 1 year low of $174.24 and a 1 year high of $259.64. The stock has a market capitalization of $132.40 billion, a PE ratio of 13.35, a PEG ratio of 0.80 and a beta of 1.02. The stock has a 50-day simple moving average of $210.32 and a 200-day simple moving average of $198.00.

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

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, August 17th. Capital One Financial’s dividend payout ratio is currently 19.80%.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 5,473 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $218.02, for a total value of $1,193,223.46. Following the completion of the sale, the insider owned 27,992 shares in the company, valued at approximately $6,102,815.84. The trade was a 16.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Timothy P. Golden sold 3,487 shares of the company’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $211.00, for a total transaction of $735,757.00. Following the completion of the sale, the chief accounting officer owned 7,429 shares of the company’s stock, valued at approximately $1,567,519. This trade represents a 31.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 26,267 shares of company stock worth $5,617,648. Insiders own 0.78% of the company’s stock.

Analyst Upgrades and Downgrades

COF has been the topic of several recent research reports. TD Cowen lowered their target price on shares of Capital One Financial from $260.00 to $253.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. Wolfe Research increased their price objective on Capital One Financial from $255.00 to $275.00 and gave the stock an “outperform” rating in a research report on Tuesday. Weiss Ratings upgraded shares of Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. Piper Sandler began coverage on shares of Capital One Financial in a research note on Monday, June 29th. They issued an “overweight” rating and a $254.00 price target on the stock. Finally, Wall Street Zen downgraded shares of Capital One Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Twenty-one equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $258.91.

About Capital One Financial

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.