Russell Investments Group Ltd. Sells 34,213 Shares of Capital One Financial Corporation $COF

Russell Investments Group Ltd. lessened its position in Capital One Financial Corporation (NYSE:COF) by 2.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,320,032 shares of the financial services provider’s stock after selling 34,213 shares during the period. Russell Investments Group Ltd. owned approximately 0.22% of Capital One Financial worth $255,204,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of COF. State Street Corp grew its position in Capital One Financial by 107.9% in the 2nd quarter. State Street Corp now owns 57,278,732 shares of the financial services provider’s stock worth $11,491,259,000 after purchasing an additional 29,724,829 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Capital One Financial by 0.5% during the second quarter. BlackRock Inc. now owns 51,054,869 shares of the financial services provider’s stock valued at $10,242,628,000 after buying an additional 236,643 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of Capital One Financial during the second quarter valued at approximately $1,435,311,000. Wellington Management Group LLP raised its holdings in shares of Capital One Financial by 36.2% during the second quarter. Wellington Management Group LLP now owns 7,108,112 shares of the financial services provider’s stock valued at $1,426,029,000 after buying an additional 1,887,497 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Capital One Financial by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 5,621,240 shares of the financial services provider’s stock valued at $1,127,733,000 after buying an additional 187,532 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on COF. TD Cowen raised their target price on Capital One Financial from $242.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, October 21st. Deutsche Bank set a $245.00 price target on Capital One Financial in a research report on Thursday, August 20th. BMO Capital Markets increased their price target on Capital One Financial from $219.00 to $225.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 21st. Wolfe Research raised their price target on Capital One Financial from $255.00 to $275.00 and gave the company an “outperform” rating in a report on Tuesday, August 25th. Finally, Morgan Stanley cut their price objective on shares of Capital One Financial from $273.00 to $267.00 and set an “overweight” rating on the stock in a research note on Monday, October 12th. Twenty analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Capital One Financial has an average rating of “Moderate Buy” and an average price target of $256.50.

Capital One Financial Price Performance

NYSE COF opened at $193.66 on Friday. Capital One Financial Corporation has a 12 month low of $174.24 and a 12 month high of $259.64. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market capitalization of $116.49 billion, a PE ratio of 11.43, a P/E/G ratio of 0.90 and a beta of 1.10. The company’s 50 day simple moving average is $202.14 and its 200 day simple moving average is $200.33.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, October 20th. The financial services provider reported $6.69 EPS for the quarter, topping the consensus estimate of $5.53 by $1.16. The firm had revenue of $16.31 billion for the quarter, compared to analysts’ expectations of $16.25 billion. Capital One Financial had a return on equity of 11.64% and a net margin of 13.70%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.95 earnings per share. As a group, equities research analysts forecast that Capital One Financial Corporation will post 21.53 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Monday, November 16th will be given a dividend of $0.80 per share. The ex-dividend date is Monday, November 16th. This represents a $3.20 annualized dividend and a dividend yield of 1.7%. Capital One Financial’s dividend payout ratio (DPR) is 18.89%.

Insider Buying and Selling

In related news, General Counsel Matthew W. Cooper sold 3,500 shares of Capital One Financial stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $196.22, for a total transaction of $686,770.00. Following the transaction, the general counsel directly owned 79,694 shares of the company’s stock, valued at $15,637,556.68. The trade was a 4.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lia Dean sold 1,887 shares of Capital One Financial stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $195.86, for a total value of $369,587.82. Following the transaction, the insider directly owned 59,308 shares in the company, valued at approximately $11,616,064.88. The trade was a 3.08% 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. In the last ninety days, insiders have sold 202,145 shares of company stock worth $41,281,806. 0.78% of the stock is owned by corporate insiders.

About Capital One Financial

Capital One Financial Corporation is a bank holding company that provides credit cards, consumer banking, auto financing and commercial banking services. Its offerings include credit cards, deposit accounts, loans and financial services for businesses. The company traces its roots to a credit card business established within Signet Banking Corporation in 1988 and became an independent company in 1994. Capital One is headquartered in McLean, Virginia, and serves customers primarily in the United States, with credit card operations also in the United Kingdom.