Royal London Asset Management Ltd. Reduces Position in Capital One Financial Corporation $COF

Royal London Asset Management Ltd. trimmed its holdings in Capital One Financial Corporation (NYSE:COF) by 1.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 350,110 shares of the financial services provider’s stock after selling 4,478 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Capital One Financial were worth $70,239,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. BlackRock Inc. increased its stake in Capital One Financial by 0.5% in the 2nd quarter. BlackRock Inc. now owns 51,054,869 shares of the financial services provider’s stock worth $10,242,628,000 after buying an additional 236,643 shares during the period. Franklin Resources Inc. increased its position in shares of Capital One Financial by 5.4% during the fourth quarter. Franklin Resources Inc. now owns 12,476,462 shares of the financial services provider’s stock worth $3,023,795,000 after acquiring an additional 638,158 shares during the period. Morgan Stanley raised its stake in shares of Capital One Financial by 3.9% during the fourth quarter. Morgan Stanley now owns 8,677,981 shares of the financial services provider’s stock valued at $2,103,196,000 after acquiring an additional 323,350 shares in the last quarter. Norges Bank purchased a new stake in shares of Capital One Financial in the fourth quarter valued at approximately $2,089,803,000. Finally, Davis Selected Advisers grew its stake in Capital One Financial by 2.8% in the fourth quarter. Davis Selected Advisers now owns 8,614,766 shares of the financial services provider’s stock worth $2,087,878,000 after purchasing an additional 234,649 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Down 0.4%

Capital One Financial stock opened at $215.81 on Friday. The business’s 50-day simple moving average is $210.32 and its two-hundred day simple moving average is $198.00. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market cap of $132.40 billion, a PE ratio of 13.35, a PEG ratio of 0.80 and a beta of 1.02. Capital One Financial Corporation has a fifty-two week low of $174.24 and a fifty-two week high of $259.64.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $15.76 billion. During the same quarter in the previous year, the company posted $5.48 earnings per share. The company’s revenue was up 26.9% compared to the same quarter last year. Equities analysts anticipate that Capital One Financial Corporation will post 20.29 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently announced 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. The ex-dividend date is Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a yield of 1.5%. Capital One Financial’s payout ratio is currently 19.80%.

Insider Activity at Capital One Financial

In related news, insider Lia Dean sold 2,193 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $225.52, for a total transaction of $494,565.36. Following the sale, the insider directly owned 63,261 shares of the company’s stock, valued at $14,266,620.72. This trade represents a 3.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Zamsky sold 5,473 shares of the business’s stock in a transaction 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 transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 26,267 shares of company stock worth $5,617,648 in the last three months. Company insiders own 0.78% of the company’s stock.

Analyst Ratings Changes

COF has been the subject of a number of research analyst reports. Citigroup decreased their target price on Capital One Financial from $310.00 to $295.00 and set a “buy” rating for the company in a research report on Tuesday, July 28th. UBS Group upped their price objective on shares of Capital One Financial from $275.00 to $280.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Bank of America cut their target price on shares of 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. Wall Street Zen cut shares of Capital One Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Capital One Financial from $215.00 to $245.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Twenty-one research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Capital One Financial presently has a consensus rating of “Moderate Buy” and an average target price of $258.91.

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.