Russell Investments Group Ltd. Boosts Stock Position in Capital One Financial Corporation $COF

Russell Investments Group Ltd. boosted its position in Capital One Financial Corporation (NYSE:COF) by 8.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,081,740 shares of the financial services provider’s stock after acquiring an additional 85,871 shares during the period. Russell Investments Group Ltd.’s holdings in Capital One Financial were worth $262,375,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Tompkins Financial Corp grew its position in shares of Capital One Financial by 4.3% in the 4th quarter. Tompkins Financial Corp now owns 977 shares of the financial services provider’s stock worth $237,000 after buying an additional 40 shares during the last quarter. Focus Financial Network Inc. lifted its position in Capital One Financial by 2.8% during the fourth quarter. Focus Financial Network Inc. now owns 1,570 shares of the financial services provider’s stock valued at $380,000 after acquiring an additional 43 shares during the last quarter. First Command Advisory Services Inc. boosted its stake in Capital One Financial by 4.5% in the fourth quarter. First Command Advisory Services Inc. now owns 1,067 shares of the financial services provider’s stock valued at $259,000 after acquiring an additional 46 shares in the last quarter. Stephens Consulting LLC boosted its stake in Capital One Financial by 10.3% in the fourth quarter. Stephens Consulting LLC now owns 504 shares of the financial services provider’s stock valued at $122,000 after acquiring an additional 47 shares in the last quarter. Finally, Dogwood Wealth Management LLC grew its holdings in Capital One Financial by 26.0% in the fourth quarter. Dogwood Wealth Management LLC now owns 228 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 47 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Capital One Financial news, insider Lia Dean sold 1,692 shares of Capital One Financial stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $185.61, for a total transaction of $314,052.12. Following the completion of the sale, the insider owned 65,454 shares of the company’s stock, valued at approximately $12,148,916.94. The trade was a 2.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew W. Cooper sold 3,500 shares of Capital One Financial stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $183.93, for a total value of $643,755.00. Following the sale, the general counsel directly owned 97,194 shares of the company’s stock, valued at approximately $17,876,892.42. This represents a 3.48% 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. In the last 90 days, insiders sold 8,040 shares of company stock valued at $1,498,615. 0.78% of the stock is owned by company insiders.

Capital One Financial Stock Up 3.1%

Capital One Financial stock opened at $200.69 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $124.89 billion, a price-to-earnings ratio of 70.42, a PEG ratio of 0.70 and a beta of 1.03. Capital One Financial Corporation has a 1-year low of $174.24 and a 1-year high of $259.64. The business has a fifty day moving average price of $189.76 and a 200-day moving average price of $207.09.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share for the quarter, missing analysts’ consensus estimates of $5.08 by ($0.66). The business had revenue of $15.23 billion during the quarter, compared to analyst estimates of $15.68 billion. Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.The firm’s revenue for the quarter was up 52.3% compared to the same quarter last year. During the same period in the previous year, the business earned $4.06 EPS. Equities research analysts forecast that Capital One Financial Corporation will post 19.51 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $3.20 dividend on an annualized basis and a yield of 1.6%. Capital One Financial’s payout ratio is currently 112.28%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on COF. Deutsche Bank Aktiengesellschaft reduced their price target on Capital One Financial from $256.00 to $250.00 and set a “hold” rating on the stock in a research report on Wednesday, April 22nd. The Goldman Sachs Group lowered their price objective on Capital One Financial from $300.00 to $260.00 and set a “buy” rating for the company in a research report on Tuesday, April 7th. JPMorgan Chase & Co. raised their price objective on Capital One Financial from $213.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Argus lowered their price objective on Capital One Financial from $260.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Finally, BTIG Research reissued a “buy” rating and issued a $224.00 price objective on shares of Capital One Financial in a research report on Wednesday, April 22nd. Seventeen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Capital One Financial currently has an average rating of “Moderate Buy” and a consensus price target of $258.75.

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.