Connor Clark & Lunn Investment Management Ltd. Buys Shares of 10,864 Capital One Financial Co. (NYSE:COF)

Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Capital One Financial Co. (NYSE:COF) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,864 shares of the financial services provider’s stock, valued at approximately $1,627,000.

Other institutional investors have also modified their holdings of the company. Clearbridge Investments LLC increased its stake in Capital One Financial by 5.5% during the second quarter. Clearbridge Investments LLC now owns 3,663,439 shares of the financial services provider’s stock worth $507,203,000 after purchasing an additional 189,843 shares during the period. Legal & General Group Plc boosted its position in Capital One Financial by 2.5% in the 2nd quarter. Legal & General Group Plc now owns 3,331,196 shares of the financial services provider’s stock valued at $461,204,000 after buying an additional 79,908 shares during the period. Price T Rowe Associates Inc. MD grew its stake 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 in the last quarter. AustralianSuper Pty Ltd increased its position in shares of Capital One Financial by 0.4% during the third quarter. AustralianSuper Pty Ltd now owns 1,061,347 shares of the financial services provider’s stock worth $158,915,000 after acquiring an additional 4,380 shares during the period. Finally, National Pension Service raised its stake in shares of Capital One Financial by 18.0% in the third quarter. National Pension Service now owns 968,098 shares of the financial services provider’s stock valued at $144,953,000 after acquiring an additional 147,574 shares in the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Stock Up 2.6 %

Shares of NYSE:COF opened at $191.93 on Tuesday. Capital One Financial Co. has a 1-year low of $105.43 and a 1-year high of $198.30. 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 stock has a market cap of $73.22 billion, a P/E ratio of 18.12, a P/E/G ratio of 1.36 and a beta of 1.43. The firm has a fifty day moving average price of $163.17 and a 200 day moving average price of $148.16.

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

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th were paid a dividend of $0.60 per share. 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%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on COF. The Goldman Sachs Group upped their price target on Capital One Financial from $182.00 to $205.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Royal Bank of Canada raised their target price on shares of Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a report on Friday, October 25th. JPMorgan Chase & Co. boosted their price target on shares of Capital One Financial from $156.00 to $157.00 and gave the stock a “neutral” rating in a report on Monday, October 7th. Robert W. Baird lifted their price objective on shares of Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Finally, Citigroup began coverage on Capital One Financial in a report on Friday, September 20th. They issued a “buy” rating and a $190.00 target price on the stock. Eleven equities research 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 currently has an average rating of “Hold” and a consensus price target of $160.18.

Insider Activity at Capital One Financial

In other Capital One Financial 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 transaction of $323,765.78. Following the completion of the transaction, the insider now owns 19,776 shares in the company, valued at approximately $3,211,029.12. The trade was a 9.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kara West sold 721 shares of the 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 completion of the sale, the insider now owns 12,929 shares in the company, valued at $2,388,374.17. This represents a 5.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,007 shares of company stock valued at $4,982,647 in the last ninety days. Corporate insiders own 1.30% of the company’s stock.

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.