Lombard Odier Asset Management Switzerland SA Invests $10.26 Million in Capital One Financial Corporation $COF

Lombard Odier Asset Management Switzerland SA acquired a new position in shares of Capital One Financial Corporation (NYSE:COF) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 42,349 shares of the financial services provider’s stock, valued at approximately $10,264,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Victory Capital Management Inc. lifted its holdings in Capital One Financial by 16.6% in the third quarter. Victory Capital Management Inc. now owns 378,450 shares of the financial services provider’s stock worth $80,451,000 after purchasing an additional 53,961 shares during the period. APG Asset Management N.V. lifted its position in Capital One Financial by 12.9% in the third quarter. APG Asset Management N.V. now owns 416,935 shares of the financial services provider’s stock worth $88,632,000 after purchasing an additional 47,627 shares during the period. Swiss Life Asset Management Ltd lifted its position in Capital One Financial by 16.4% in the third quarter. Swiss Life Asset Management Ltd now owns 104,192 shares of the financial services provider’s stock worth $22,149,000 after purchasing an additional 14,700 shares during the period. Waverton Investment Management Ltd lifted its position in Capital One Financial by 1,390.9% in the third quarter. Waverton Investment Management Ltd now owns 1,181,834 shares of the financial services provider’s stock worth $251,323,000 after purchasing an additional 1,102,563 shares during the period. Finally, Picton Mahoney Asset Management lifted its position in Capital One Financial by 41.1% in the third quarter. Picton Mahoney Asset Management now owns 165,686 shares of the financial services provider’s stock worth $35,220,000 after purchasing an additional 48,243 shares during the period. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

COF has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their target price on Capital One Financial from $213.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Wells Fargo & Company cut their target price on Capital One Financial from $280.00 to $260.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Capital One Financial in a report on Friday, March 27th. Argus cut their price target 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. Finally, Rothschild & Co Redburn cut their price target on shares of Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Seventeen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Capital One Financial has an average rating of “Moderate Buy” and an average price target of $258.75.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 3,500 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $17,876,892.42. This represents a 3.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,749 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $192.58, for a total transaction of $336,822.42. Following the sale, the insider directly owned 61,579 shares of the company’s stock, valued at $11,858,883.82. This represents a 2.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 8,040 shares of company stock valued at $1,498,615. 0.78% of the stock is currently owned by corporate insiders.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $200.69 on Wednesday. Capital One Financial Corporation has a one year low of $174.24 and a one year high of $259.64. The stock has a fifty day moving average of $189.76 and a 200-day moving average of $207.09. The company has a market capitalization 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. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.03.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $4.42 EPS 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 for the quarter, compared to analyst estimates of $15.68 billion. During the same quarter last year, the company posted $4.06 EPS. Capital One Financial’s revenue was up 52.3% on a year-over-year basis. As a group, equities analysts anticipate that Capital One Financial Corporation will post 19.51 EPS for the current fiscal year.

Capital One Financial Announces Dividend

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

Capital One Financial 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.