Russell Investments Group Ltd. Has $271.95 Million Stock Position in Capital One Financial Corporation $COF

Russell Investments Group Ltd. grew its stake in shares of Capital One Financial Corporation (NYSE:COF) by 11.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,354,245 shares of the financial services provider’s stock after buying an additional 141,253 shares during the quarter. Russell Investments Group Ltd.’s holdings in Capital One Financial were worth $271,946,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. One Wealth Advisors LLC lifted its stake in shares of Capital One Financial by 31.8% in the 2nd quarter. One Wealth Advisors LLC now owns 3,931 shares of the financial services provider’s stock valued at $789,000 after acquiring an additional 949 shares during the last quarter. Family Legacy Inc. boosted its holdings in shares of Capital One Financial by 1.4% during the 2nd quarter. Family Legacy Inc. now owns 8,219 shares of the financial services provider’s stock valued at $1,649,000 after acquiring an additional 113 shares in the last quarter. Maridea Wealth Management LLC bought a new stake in Capital One Financial during the 2nd quarter worth $344,000. ANTIPODES PARTNERS Ltd grew its position in Capital One Financial by 29.6% during the 2nd quarter. ANTIPODES PARTNERS Ltd now owns 967,575 shares of the financial services provider’s stock worth $194,115,000 after acquiring an additional 220,911 shares during the last quarter. Finally, Meridian Wealth Management LLC increased its holdings in Capital One Financial by 25.7% in the 2nd quarter. Meridian Wealth Management LLC now owns 2,612 shares of the financial services provider’s stock worth $524,000 after purchasing an additional 534 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

COF has been the subject of several research reports. TD Cowen dropped their target price on Capital One Financial from $260.00 to $253.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. HSBC upgraded Capital One Financial from a “hold” rating to a “buy” rating and boosted their price target for the stock from $226.00 to $229.00 in a report on Sunday, July 12th. Wall Street Zen downgraded Capital One Financial from a “buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Weiss Ratings upgraded shares of Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Capital One Financial from $256.00 to $250.00 and set a “hold” rating for the company in a report on Wednesday, April 22nd. Twenty-one equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $259.36.

Insider Buying and Selling

In other Capital One Financial news, insider Michael Zamsky sold 5,473 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $218.02, for a total transaction of $1,193,223.46. Following the completion of the sale, the insider owned 27,992 shares of the company’s stock, valued at approximately $6,102,815.84. This represents a 16.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ravi Raghu sold 9,726 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $209.78, for a total transaction of $2,040,320.28. Following the sale, the insider directly owned 26,328 shares of the company’s stock, valued at $5,523,087.84. This represents a 26.98% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 22,186 shares of company stock valued at $4,697,301 over the last three months. 0.78% of the stock is owned by insiders.

Capital One Financial Stock Performance

NYSE COF opened at $227.19 on Monday. The company has a market capitalization of $139.37 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 0.84 and a beta of 1.02. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39. Capital One Financial Corporation has a twelve month low of $174.24 and a twelve month high of $259.64. The stock has a fifty day simple moving average of $204.93 and a 200 day simple moving average of $198.05.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, topping the consensus estimate of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The firm had revenue of $15.83 billion for the quarter, compared to the consensus estimate of $15.76 billion. During the same period in the previous year, the business earned $5.48 EPS. The business’s quarterly revenue was up 26.9% compared to the same quarter last year. Sell-side analysts expect that Capital One Financial Corporation will post 20.19 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Monday, August 17th. Capital One Financial’s dividend payout ratio (DPR) is 19.80%.

About Capital One Financial

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.