Russell Investments Group Ltd. Sells 69,585 Shares of Capital One Financial Co. (NYSE:COF)

Russell Investments Group Ltd. cut its position in Capital One Financial Co. (NYSE:COF) by 16.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 358,914 shares of the financial services provider’s stock after selling 69,585 shares during the quarter. Russell Investments Group Ltd. owned about 0.09% of Capital One Financial worth $39,253,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Cetera Investment Advisers grew its position in shares of Capital One Financial by 25.3% in the first quarter. Cetera Investment Advisers now owns 7,940 shares of the financial services provider’s stock valued at $1,042,000 after purchasing an additional 1,601 shares in the last quarter. Moors & Cabot Inc. grew its position in Capital One Financial by 9.2% during the first quarter. Moors & Cabot Inc. now owns 3,979 shares of the financial services provider’s stock worth $522,000 after buying an additional 335 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in Capital One Financial by 11.4% during the first quarter. Sequoia Financial Advisors LLC now owns 2,959 shares of the financial services provider’s stock worth $388,000 after buying an additional 303 shares in the last quarter. Candriam Luxembourg S.C.A. grew its position in Capital One Financial by 4.1% during the first quarter. Candriam Luxembourg S.C.A. now owns 43,094 shares of the financial services provider’s stock worth $5,658,000 after buying an additional 1,698 shares in the last quarter. Finally, Baird Financial Group Inc. grew its position in Capital One Financial by 4.2% during the first quarter. Baird Financial Group Inc. now owns 25,248 shares of the financial services provider’s stock worth $3,315,000 after buying an additional 1,008 shares in the last quarter. 90.09% of the stock is currently owned by institutional investors.

Capital One Financial Trading Up 2.5 %

COF opened at $107.68 on Friday. The business has a 50 day simple moving average of $98.79 and a two-hundred day simple moving average of $103.50. The firm has a market capitalization of $41.01 billion, a price-to-earnings ratio of 8.09, a PEG ratio of 1.90 and a beta of 1.47. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.00 and a quick ratio of 1.00. Capital One Financial Co. has a one year low of $83.93 and a one year high of $123.09.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Thursday, October 26th. The financial services provider reported $4.45 EPS for the quarter, beating analysts’ consensus estimates of $3.35 by $1.10. The business had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.21 billion. Capital One Financial had a return on equity of 9.77% and a net margin of 11.43%. Capital One Financial’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.20 EPS. Analysts predict that Capital One Financial Co. will post 12.55 EPS for the current year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Monday, November 13th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date is Friday, November 10th. Capital One Financial’s payout ratio is 18.03%.

Analyst Ratings Changes

COF has been the subject of several recent analyst reports. StockNews.com initiated coverage on Capital One Financial in a research report on Thursday, October 5th. They set a “hold” rating for the company. Piper Sandler reduced their target price on Capital One Financial from $115.00 to $109.00 and set a “neutral” rating for the company in a research report on Friday, October 27th. Citigroup dropped their price target on Capital One Financial from $130.00 to $126.00 and set a “buy” rating for the company in a research note on Friday, October 6th. Bank of America dropped their price target on Capital One Financial from $116.00 to $111.00 in a research note on Thursday, October 5th. Finally, TD Cowen assumed coverage on Capital One Financial in a research note on Wednesday, November 1st. They set a “market perform” rating and a $106.00 price target for the company. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Capital One Financial currently has a consensus rating of “Hold” and a consensus target price of $106.36.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, Director Ann F. Hackett sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $106.47, for a total transaction of $851,760.00. Following the transaction, the director now owns 61,980 shares in the company, valued at approximately $6,599,010.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Capital One Financial news, CEO Richard D. Fairbank sold 3,890 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $105.76, for a total transaction of $411,406.40. Following the transaction, the chief executive officer now owns 3,848,412 shares in the company, valued at approximately $407,008,053.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ann F. Hackett sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $106.47, for a total value of $851,760.00. Following the transaction, the director now owns 61,980 shares in the company, valued at approximately $6,599,010.60. The disclosure for this sale can be found here. Insiders sold 23,563 shares of company stock valued at $2,460,505 in the last 90 days. Insiders own 1.27% of the company’s stock.

About Capital One Financial

Capital One Financial Corporation operates as the financial services holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides 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.