Lombard Odier Asset Management USA Corp Sells 6,982 Shares of Capital One Financial Corporation $COF

Lombard Odier Asset Management USA Corp cut its stake in shares of Capital One Financial Corporation (NYSE:COF) by 73.2% in the 4th quarter, HoldingsChannel reports. The firm owned 2,554 shares of the financial services provider’s stock after selling 6,982 shares during the period. Lombard Odier Asset Management USA Corp’s holdings in Capital One Financial were worth $619,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Tompkins Financial Corp lifted its position in Capital One Financial by 4.3% during the fourth quarter. Tompkins Financial Corp now owns 977 shares of the financial services provider’s stock valued at $237,000 after purchasing an additional 40 shares during the last quarter. Focus Financial Network Inc. lifted its stake in Capital One Financial by 2.8% during the fourth quarter. Focus Financial Network Inc. now owns 1,570 shares of the financial services provider’s stock worth $380,000 after purchasing an additional 43 shares during the last quarter. First Command Advisory Services Inc. lifted its stake in Capital One Financial by 4.5% during the fourth quarter. First Command Advisory Services Inc. now owns 1,067 shares of the financial services provider’s stock worth $259,000 after purchasing an additional 46 shares during the last quarter. Stephens Consulting LLC raised its holdings in shares of Capital One Financial by 10.3% during the 4th quarter. Stephens Consulting LLC now owns 504 shares of the financial services provider’s stock valued at $122,000 after buying an additional 47 shares in the last quarter. Finally, Dogwood Wealth Management LLC raised its holdings in shares of Capital One Financial by 26.0% during the 4th quarter. Dogwood Wealth Management LLC now owns 228 shares of the financial services provider’s stock valued at $55,000 after buying an additional 47 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on COF. Morgan Stanley decreased their price objective on Capital One Financial from $300.00 to $273.00 and set an “overweight” rating on the stock in a report on Thursday, April 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Capital One Financial in a report on Friday, March 27th. Argus lowered their price objective on shares of Capital One Financial from $260.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. BTIG Research restated a “buy” rating and issued a $224.00 price objective on shares of Capital One Financial in a report on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Capital One Financial from $213.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. Seventeen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $258.75.

Capital One Financial Trading Up 3.1%

NYSE COF opened at $200.69 on Wednesday. Capital One Financial Corporation has a 1-year low of $174.24 and a 1-year high of $259.64. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46. The stock has a 50-day moving average of $189.76 and a 200-day moving average of $207.09. The firm has a market cap of $124.89 billion, a PE ratio of 70.42, a price-to-earnings-growth ratio of 0.70 and a beta of 1.03.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share for the quarter, missing analysts’ consensus estimates of $5.08 by ($0.66). Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. The company had revenue of $15.23 billion during the quarter, compared to the consensus estimate of $15.68 billion. During the same period last year, the firm posted $4.06 EPS. The company’s revenue was up 52.3% on a year-over-year basis. As a group, sell-side analysts forecast that Capital One Financial Corporation will post 19.51 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 19th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Tuesday, May 19th. Capital One Financial’s dividend payout ratio is currently 112.28%.

Insider Activity at Capital One Financial

In related news, General Counsel Matthew W. Cooper sold 3,500 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $183.93, for a total transaction of $643,755.00. Following the completion of the sale, the general counsel directly owned 97,194 shares in the company, valued at $17,876,892.42. This represents a 3.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lia Dean sold 1,692 shares of the company’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $185.61, for a total transaction of $314,052.12. Following the sale, the insider owned 65,454 shares of the company’s stock, valued at $12,148,916.94. This represents a 2.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 8,040 shares of company stock worth $1,498,615 in the last three months. 0.78% of the stock is owned by insiders.

Capital One Financial Company Profile

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.