LMR Partners LLP Invests $8.53 Million in Capital One Financial Co. (NYSE:COF)

LMR Partners LLP acquired a new stake in shares of Capital One Financial Co. (NYSE:COF) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 56,943 shares of the financial services provider’s stock, valued at approximately $8,526,000.

A number of other institutional investors have also recently bought and sold shares of the company. Blair William & Co. IL grew its stake in shares of Capital One Financial by 1.2% in the 1st quarter. Blair William & Co. IL now owns 21,612 shares of the financial services provider’s stock valued at $3,218,000 after purchasing an additional 259 shares during the period. Orion Portfolio Solutions LLC increased its position in shares of Capital One Financial by 5.6% in the 1st quarter. Orion Portfolio Solutions LLC now owns 14,841 shares of the financial services provider’s stock valued at $2,210,000 after buying an additional 792 shares in the last quarter. Acadian Asset Management LLC increased its holdings in Capital One Financial by 72.2% during the 1st quarter. Acadian Asset Management LLC now owns 89,292 shares of the financial services provider’s stock worth $13,288,000 after purchasing an additional 37,426 shares in the last quarter. Osaic Holdings Inc. increased its holdings in Capital One Financial by 8.3% during the 1st quarter. Osaic Holdings Inc. now owns 68,119 shares of the financial services provider’s stock worth $10,145,000 after purchasing an additional 5,198 shares in the last quarter. Finally, Trustmark National Bank Trust Department increased its holdings in Capital One Financial by 10.5% during the 1st quarter. Trustmark National Bank Trust Department now owns 4,696 shares of the financial services provider’s stock worth $699,000 after purchasing an additional 446 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Stock Performance

Shares of COF stock opened at $185.14 on Monday. The firm has a market capitalization of $70.63 billion, a price-to-earnings ratio of 17.48, a price-to-earnings-growth ratio of 1.37 and a beta of 1.43. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.00 and a quick ratio of 1.00. The business has a fifty day moving average of $157.74 and a 200 day moving average of $146.39. Capital One Financial Co. has a 1 year low of $104.21 and a 1 year high of $198.30.

Capital One Financial (NYSE:COF) last posted its earnings results on Thursday, October 24th. The financial services provider reported $4.51 EPS for the quarter, beating analysts’ consensus estimates of $3.70 by $0.81. The firm had revenue of $10 billion for the quarter, compared to analysts’ expectations of $9.88 billion. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the firm earned $4.45 EPS. As a group, research analysts expect that Capital One Financial Co. will post 13.54 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, November 14th. Capital One Financial’s dividend payout ratio (DPR) is 22.66%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on COF. Robert W. Baird raised their target price on shares of Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Bank of America raised their price objective on shares of Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Royal Bank of Canada raised their price objective on shares of Capital One Financial from $150.00 to $160.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. Evercore ISI raised their price objective 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. Finally, Barclays raised their target price on shares of Capital One Financial from $154.00 to $158.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Eleven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $156.35.

Insider Activity

In related news, insider Frank G. LapradeIii sold 15,751 shares of the firm’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $160.00, for a total value of $2,520,160.00. Following the completion of the sale, the insider now owns 44,711 shares in the company, valued at $7,153,760. This trade represents a 26.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Kara West sold 721 shares of Capital One Financial stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $184.73, for a total transaction of $133,190.33. Following the sale, the insider now owns 12,929 shares of the company’s stock, valued at approximately $2,388,374.17. The trade was a 5.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,007 shares of company stock worth $4,982,647. Corporate insiders own 1.30% of the company’s stock.

Capital One Financial 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.