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

LMR Partners LLP bought a new stake in shares of Capital One Financial Co. (NYSE:COF) in the 3rd quarter, HoldingsChannel reports. The firm bought 56,943 shares of the financial services provider’s stock, valued at approximately $8,526,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. LRI Investments LLC acquired a new position in Capital One Financial in the 1st quarter valued at approximately $25,000. Y.D. More Investments Ltd bought a new stake in Capital One Financial in the 2nd quarter valued at $28,000. Hobbs Group Advisors LLC bought a new position in shares of Capital One Financial during the 2nd quarter worth about $29,000. Unique Wealth Strategies LLC bought a new position in shares of Capital One Financial during the 2nd quarter worth about $36,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Capital One Financial during the 3rd quarter worth about $36,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $185.14 on Monday. 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 1-year low of $104.21 and a 1-year high of $198.30. The company has a market capitalization of $70.63 billion, a PE ratio of 17.48, a PEG ratio of 1.37 and a beta of 1.43. The business has a fifty day moving average price of $157.74 and a 200-day moving average price of $146.39.

Capital One Financial (NYSE:COF) last released its quarterly earnings data 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 company 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%. Capital One Financial’s revenue was up 6.8% compared to the same quarter last year. During the same period last year, the firm posted $4.45 earnings per share. As a group, equities analysts expect that Capital One Financial Co. will post 13.54 EPS for the current fiscal year.

Capital One Financial Announces Dividend

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

Insider Transactions at Capital One Financial

In related news, insider Frank G. LapradeIii sold 15,751 shares of Capital One Financial stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $160.00, for a total transaction of $2,520,160.00. Following the sale, the insider now owns 44,711 shares of the company’s stock, valued at approximately $7,153,760. This trade represents a 26.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark Daniel Mouadeb sold 1,994 shares of Capital One Financial stock in a transaction that occurred on 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 disclosure for this sale can be found here. Insiders have sold 29,007 shares of company stock valued at $4,982,647 over the last quarter. 1.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

COF has been the subject of several research reports. Robert W. Baird raised their price objective on shares of Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Royal Bank of Canada lifted their price target on shares of Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. boosted their price objective on shares of Capital One Financial from $156.00 to $157.00 and gave the stock a “neutral” rating in a research report on Monday, October 7th. Evercore ISI boosted 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, Bank of America boosted their target price on shares of Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Eleven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Capital One Financial currently has a consensus rating of “Hold” and a consensus target price of $156.35.

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.