Capital One Financial Corporation $COF Stock: Russell Investments Group Ltd. Cuts Position

Russell Investments Group Ltd. trimmed its position in shares of Capital One Financial Corporation (NYSE:COF) by 2.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,320,032 shares of the financial services provider’s stock after selling 34,213 shares during the quarter. Russell Investments Group Ltd.’s holdings in Capital One Financial were worth $255,204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of COF. Compass Wealth Management LLC bought a new stake in shares of Capital One Financial during the 3rd quarter worth $25,000. Torren Management LLC raised its holdings in Capital One Financial by 114.8% in the 3rd quarter. Torren Management LLC now owns 131 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 70 shares during the period. Solstein Capital LLC acquired a new position in Capital One Financial during the 2nd quarter worth $26,000. Ballast Advisors LLC acquired a new position in Capital One Financial during the 1st quarter worth $27,000. Finally, Gilpin Wealth Management LLC bought a new stake in Capital One Financial during the third quarter valued at about $27,000. 89.84% of the stock is currently owned by institutional investors.

Insider Activity

In other Capital One Financial news, insider Celia Karam sold 2,017 shares of the company’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $206.07, for a total transaction of $415,643.19. Following the sale, the insider directly owned 57,696 shares of the company’s stock, valued at approximately $11,889,414.72. This represents a 3.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Richard Fairbank sold 90,743 shares of the firm’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $204.86, for a total transaction of $18,589,610.98. Following the sale, the chief executive officer directly owned 3,968,520 shares of the company’s stock, valued at approximately $812,991,007.20. The trade was a 2.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 202,145 shares of company stock valued at $41,281,806 in the last ninety days. 0.78% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on COF shares. Wall Street Zen lowered Capital One Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Citigroup increased their target price on Capital One Financial from $280.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, October 21st. JPMorgan Chase & Co. raised their target price on Capital One Financial from $227.00 to $241.00 and gave the company an “overweight” rating in a report on Wednesday, October 21st. BMO Capital Markets lifted their price target on Capital One Financial from $219.00 to $225.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 21st. Finally, Piper Sandler upped their price target on Capital One Financial from $260.00 to $269.00 and gave the stock an “overweight” rating in a report on Wednesday, October 21st. Twenty research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $256.50.

Capital One Financial Stock Performance

Capital One Financial stock opened at $193.66 on Friday. The firm has a market capitalization of $116.49 billion, a P/E ratio of 11.43, a P/E/G ratio of 0.90 and a beta of 1.10. The stock has a fifty day moving average price of $202.14 and a two-hundred day moving average price of $200.33. Capital One Financial Corporation has a 52-week low of $174.24 and a 52-week 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.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, October 20th. The financial services provider reported $6.69 EPS for the quarter, beating the consensus estimate of $5.53 by $1.16. Capital One Financial had a net margin of 13.70% and a return on equity of 11.64%. The company had revenue of $16.31 billion for the quarter, compared to the consensus estimate of $16.25 billion. During the same quarter in the previous year, the company earned $5.95 EPS. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, analysts anticipate 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. Shareholders of record on Monday, November 16th will be given a $0.80 dividend. The ex-dividend date is Monday, November 16th. This represents a $3.20 dividend on an annualized basis and a yield of 1.7%. Capital One Financial’s payout ratio is 18.89%.

Capital One Financial Company Profile

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.