Russell Investments Group Ltd. Acquires 141,253 Shares of Capital One Financial Corporation $COF

Key Points

• Russell Investments increased its Capital One Financial stake by 11.6% in the second quarter, adding 141,253 shares and bringing its total holdings to 1.35 million shares valued at approximately $271.9 million.
• Capital One reported quarterly earnings of $5.81 per share, beating estimates of $4.79, while revenue rose 26.9% year over year to $15.83 billion. The company also declared a quarterly dividend of $0.80 per share.
• Analysts maintain a “Moderate Buy” consensus, with 21 Buy ratings and three Holds and an average price target of $259.36, above the stock’s reported $227.19 opening price.

Russell Investments Group Ltd. raised its holdings in Capital One Financial Corporation (NYSE:COF) by 11.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,354,245 shares of the financial services provider's stock after purchasing an additional 141,253 shares during the period. Russell Investments Group Ltd. owned approximately 0.22% of Capital One Financial worth $271,946,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in COF. One Wealth Advisors LLC grew its position in shares of Capital One Financial by 31.8% during the 2nd quarter. One Wealth Advisors LLC now owns 3,931 shares of the financial services provider's stock worth $789,000 after purchasing an additional 949 shares in the last quarter. Family Legacy Inc. raised its position in shares of Capital One Financial by 1.4% in the second quarter. Family Legacy Inc. now owns 8,219 shares of the financial services provider's stock valued at $1,649,000 after buying an additional 113 shares in the last quarter. Maridea Wealth Management LLC acquired a new stake in shares of Capital One Financial in the second quarter valued at approximately $344,000. ANTIPODES PARTNERS Ltd boosted its stake in shares of Capital One Financial by 29.6% in the second quarter. ANTIPODES PARTNERS Ltd now owns 967,575 shares of the financial services provider's stock valued at $194,115,000 after buying an additional 220,911 shares during the period. Finally, Meridian Wealth Management LLC boosted its stake in shares of Capital One Financial by 25.7% in the second quarter. Meridian Wealth Management LLC now owns 2,612 shares of the financial services provider's stock valued at $524,000 after buying an additional 534 shares during the period. Institutional investors and hedge funds own 89.84% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Truist Financial reduced their price target on Capital One Financial from $275.00 to $255.00 and set a "buy" rating on the stock in a research report on Thursday, April 23rd. Rothschild & Co Redburn dropped their price objective on Capital One Financial from $290.00 to $275.00 and set a "buy" rating for the company in a report on Wednesday, April 29th. TD Cowen cut 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 raised Capital One Financial from a "hold" rating to a "buy" rating and increased their target price for the stock from $226.00 to $229.00 in a report on Sunday, July 12th. Finally, Bank of America decreased their price target on Capital One Financial from $234.00 to $231.00 and set a "buy" rating on the stock in a research report on Thursday, July 9th. Twenty-one analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Capital One Financial presently has a consensus rating of "Moderate Buy" and an average price target of $259.36.

Capital One Financial Stock Down 0.1%

Shares of COF opened at $227.19 on Monday. The firm has a 50 day simple moving average of $204.93 and a two-hundred day simple moving average of $198.05. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02. Capital One Financial Corporation has a one year low of $174.24 and a one year high of $259.64. The company has a market cap of $139.37 billion, a P/E ratio of 14.06, a P/E/G ratio of 0.84 and a beta of 1.02.

Capital One Financial (NYSE:COF - Get Free Report) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, beating analysts' consensus estimates 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 quarter last year, the business posted $5.48 EPS. The company's revenue was up 26.9% compared to the same quarter last year. Research analysts forecast that Capital One Financial Corporation will post 20.19 EPS for the current fiscal year.

Capital One Financial Announces Dividend

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

Insiders Place Their Bets

In related news, CAO Timothy P. Golden sold 3,487 shares of the firm's stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $211.00, for a total value of $735,757.00. Following the sale, the chief accounting officer directly owned 7,429 shares of the company's stock, valued at $1,567,519. This trade represents a 31.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Ravi Raghu sold 9,726 shares of Capital One Financial stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $209.78, for a total value of $2,040,320.28. Following the completion of the transaction, the insider owned 26,328 shares in the company, valued at approximately $5,523,087.84. This represents a 26.98% decrease in their position. 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 22,186 shares of company stock valued at $4,697,301. 0.78% of the stock is owned by corporate insiders.

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.

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