Connor Clark & Lunn Investment Management Ltd. Has $3.02 Million Holdings in Capital One Financial Corporation $COF

Connor Clark & Lunn Investment Management Ltd. increased its stake in Capital One Financial Corporation (NYSE:COF - Free Report) by 207.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,818 shares of the financial services provider's stock after purchasing an additional 11,340 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in Capital One Financial were worth $3,015,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. increased its stake in Capital One Financial by 18.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider's stock worth $10,010,000 after buying an additional 9,374 shares in the last quarter. Creative Financial Designs Inc. ADV grew its stake in Capital One Financial by 105.3% during the first quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider's stock valued at $138,000 after acquiring an additional 394 shares in the last quarter. Private Advisor Group LLC grew its stake in Capital One Financial by 15.3% during the first quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider's stock valued at $1,776,000 after acquiring an additional 1,312 shares in the last quarter. Mutual Advisors LLC purchased a new position in Capital One Financial during the first quarter valued at $215,000. Finally, Lansforsakringar Fondforvaltning AB publ purchased a new position in Capital One Financial during the fourth quarter valued at $91,780,000. 89.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on COF shares. Bank of America lifted their price target on Capital One Financial from $223.00 to $233.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. TD Cowen raised shares of Capital One Financial from a "hold" rating to a "buy" rating and boosted their target price for the stock from $184.00 to $258.00 in a research report on Tuesday, July 8th. Royal Bank Of Canada increased their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 23rd. Redburn Atlantic raised shares of Capital One Financial to a "strong-buy" rating in a report on Friday, August 1st. Finally, Truist Financial increased their price target on shares of Capital One Financial from $225.00 to $260.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $238.81.

Capital One Financial Stock Performance

Shares of COF traded up $0.47 during mid-day trading on Monday, reaching $215.90. 979,911 shares of the company's stock traded hands, compared to its average volume of 4,444,426. The business's 50-day moving average price is $211.17 and its 200-day moving average price is $193.57. The stock has a market capitalization of $138.07 billion, a P/E ratio of 110.78, a price-to-earnings-growth ratio of 0.84 and a beta of 1.16. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. Capital One Financial Corporation has a 12 month low of $131.55 and a 12 month high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. During the same period in the previous year, the firm earned $3.14 EPS. Capital One Financial's revenue for the quarter was up 31.4% on a year-over-year basis. Equities analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, August 15th. Capital One Financial's dividend payout ratio is currently 123.08%.

Insider Buying and Selling

In other news, insider Robert M. Alexander sold 10,114 shares of the business's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the transaction, the insider directly owned 68,707 shares in the company, valued at $15,655,577.02. The trade was a 12.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michael Zamsky sold 5,515 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $209.59, for a total value of $1,155,888.85. Following the transaction, the insider directly owned 27,364 shares in the company, valued at approximately $5,735,220.76. This represents a 16.77% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,091 shares of company stock valued at $4,188,454. Corporate insiders own 1.26% of the company's stock.

Capital One Financial Profile

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.