Russell Investments Group Ltd. Reduces Stock Holdings in Capital One Financial Corporation (NYSE:COF)

Key Points

• Russell Investments Group Ltd. reduced its stake in Capital One Financial Corporation by 10.5%, selling 59,712 shares and retaining 508,335 shares as of the latest filing.
• Capital One reported strong earnings with an EPS of $5.48, outperforming analysts' estimates of $1.93, while also announcing a quarterly dividend of $0.60 per share.
• Analysts have raised their price targets for Capital One, with several institutions assigning it a "buy" rating and consensus price target of $238.81.

Russell Investments Group Ltd. reduced its stake in Capital One Financial Corporation (NYSE:COF - Free Report) by 10.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 508,335 shares of the financial services provider's stock after selling 59,712 shares during the period. Russell Investments Group Ltd. owned approximately 0.13% of Capital One Financial worth $90,889,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Resona Asset Management Co. Ltd. boosted its stake in shares of Capital One Financial by 7.9% in the first quarter. Resona Asset Management Co. Ltd. now owns 125,481 shares of the financial services provider's stock valued at $22,386,000 after buying an additional 9,204 shares during the period. Rossmore Private Capital acquired a new position in Capital One Financial during the first quarter valued at approximately $790,000. Taylor Hoffman Capital Management LLC acquired a new position in Capital One Financial during the first quarter valued at approximately $274,000. Public Sector Pension Investment Board raised its position in Capital One Financial by 3.0% during the first quarter. Public Sector Pension Investment Board now owns 101,972 shares of the financial services provider's stock valued at $18,284,000 after purchasing an additional 2,947 shares in the last quarter. Finally, AIA Group Ltd raised its position in Capital One Financial by 26.6% during the first quarter. AIA Group Ltd now owns 13,082 shares of the financial services provider's stock valued at $2,346,000 after purchasing an additional 2,748 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors.

Insider Activity at Capital One Financial

In related news, insider Michael Zamsky sold 5,515 shares of Capital One Financial stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the transaction, the insider owned 27,364 shares of the company's stock, valued at $5,735,220.76. The trade was a 16.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Robert M. Alexander sold 10,114 shares of Capital One Financial stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total value of $2,304,576.04. Following the transaction, the insider directly owned 68,707 shares in the company, valued at approximately $15,655,577.02. The trade was a 12.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,091 shares of company stock valued at $4,188,454 over the last 90 days. Insiders own 1.26% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on COF shares. Wells Fargo & Company boosted their price objective on shares of Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Redburn Atlantic upgraded shares of Capital One Financial to a "strong-buy" rating in a research report on Friday, August 1st. Keefe, Bruyette & Woods upped their price target on shares of Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. upped their price target on shares of Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Finally, TD Cowen upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating and upped their price target for the stock from $184.00 to $258.00 in a report on Tuesday, July 8th. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $238.81.

Capital One Financial Stock Down 2.5%

Shares of COF traded down $5.60 during trading hours on Friday, hitting $215.48. The stock had a trading volume of 4,463,545 shares, compared to its average volume of 4,160,972. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a 50 day simple moving average of $211.17 and a 200-day simple moving average of $193.65. The firm has a market capitalization of $137.80 billion, a P/E ratio of 110.50, a price-to-earnings-growth ratio of 0.84 and a beta of 1.16. Capital One Financial Corporation has a 1-year low of $131.55 and a 1-year high of $232.45.

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

Capital One Financial Announces Dividend

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

Capital One Financial Company 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.