Connor Clark & Lunn Investment Management Ltd. Acquires New Position in Capital One Financial Co. (NYSE:COF)

Connor Clark & Lunn Investment Management Ltd. bought a new position in Capital One Financial Co. (NYSE:COF) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 10,864 shares of the financial services provider’s stock, valued at approximately $1,627,000.

Several other institutional investors also recently bought and sold shares of the business. Eminence Capital LP purchased a new stake in shares of Capital One Financial in the second quarter valued at $127,465,000. International Assets Investment Management LLC increased its stake in shares of Capital One Financial by 123.4% during the 2nd quarter. International Assets Investment Management LLC now owns 772,961 shares of the financial services provider’s stock valued at $107,016,000 after acquiring an additional 427,000 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Capital One Financial by 1,518.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 412,355 shares of the financial services provider’s stock worth $61,742,000 after acquiring an additional 386,870 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Capital One Financial by 31.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,214,929 shares of the financial services provider’s stock worth $180,892,000 after acquiring an additional 292,978 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in Capital One Financial by 501.4% in the second quarter. SG Americas Securities LLC now owns 332,700 shares of the financial services provider’s stock valued at $46,062,000 after purchasing an additional 277,377 shares during the period. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Stock Performance

Shares of COF opened at $191.93 on Tuesday. The stock has a market capitalization of $73.22 billion, a PE ratio of 18.12, a price-to-earnings-growth ratio of 1.36 and a beta of 1.43. The business’s fifty day moving average price is $163.17 and its 200 day moving average price is $148.16. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.00 and a quick ratio of 1.00. Capital One Financial Co. has a 12-month low of $105.43 and a 12-month high of $198.30.

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

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 14th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend was Thursday, November 14th. Capital One Financial’s dividend payout ratio (DPR) is 22.66%.

Insider Activity at Capital One Financial

In related news, insider Mark Daniel Mouadeb sold 1,994 shares of Capital One Financial stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $162.37, for a total value of $323,765.78. Following the sale, the insider now directly owns 19,776 shares in the company, valued at $3,211,029.12. This trade represents a 9.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael Zamsky sold 10,541 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the completion of the sale, the insider now owns 26,482 shares in the company, valued at $5,038,465.32. The trade was a 28.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,007 shares of company stock worth $4,982,647 in the last 90 days. 1.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently commented on COF. Evercore ISI upped their price objective on Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Robert W. Baird raised their price objective on Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Royal Bank of Canada increased their target price 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. Citigroup began coverage on shares of Capital One Financial in a research report on Friday, September 20th. They set a “buy” rating and a $190.00 price target on the stock. Finally, The Goldman Sachs Group raised their target price on shares of Capital One Financial from $182.00 to $205.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Eleven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Capital One Financial presently has an average rating of “Hold” and an average target price of $160.18.

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.