Royal London Asset Management Ltd. Sells 1,212 Shares of Capital One Financial Co. (NYSE:COF)

Royal London Asset Management Ltd. lessened its position in shares of Capital One Financial Co. (NYSE:COF) by 0.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 150,636 shares of the financial services provider’s stock after selling 1,212 shares during the period. Royal London Asset Management Ltd.’s holdings in Capital One Financial were worth $20,856,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Capital One Financial by 0.7% during the first quarter. Vanguard Group Inc. now owns 30,893,408 shares of the financial services provider’s stock worth $4,599,720,000 after purchasing an additional 226,720 shares during the last quarter. Capital Research Global Investors lifted its position in shares of Capital One Financial by 72.8% during the 1st quarter. Capital Research Global Investors now owns 21,128,089 shares of the financial services provider’s stock worth $3,145,761,000 after buying an additional 8,900,241 shares during the last quarter. Capital World Investors boosted its stake in Capital One Financial by 2.1% in the fourth quarter. Capital World Investors now owns 14,991,564 shares of the financial services provider’s stock valued at $1,965,761,000 after buying an additional 311,696 shares in the last quarter. Pzena Investment Management LLC grew its position in Capital One Financial by 1.6% in the fourth quarter. Pzena Investment Management LLC now owns 7,751,043 shares of the financial services provider’s stock valued at $1,016,317,000 after acquiring an additional 124,055 shares during the last quarter. Finally, Clearbridge Investments LLC raised its stake in Capital One Financial by 18.8% during the first quarter. Clearbridge Investments LLC now owns 3,473,596 shares of the financial services provider’s stock worth $517,184,000 after acquiring an additional 549,665 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $150.00 price target on shares of Capital One Financial in a report on Thursday, July 25th. Bank of America boosted their target price on shares of Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. BTIG Research started coverage on Capital One Financial in a research note on Friday, June 7th. They issued a “neutral” rating for the company. Evercore ISI reduced their price objective on Capital One Financial from $155.00 to $154.00 and set an “in-line” rating on the stock in a research report on Tuesday, June 25th. Finally, Jefferies Financial Group upgraded Capital One Financial from a “hold” rating to a “buy” rating and increased their target price for the company from $145.00 to $165.00 in a research report on Thursday, June 6th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $145.89.

Insider Buying and Selling at Capital One Financial

In other news, insider Robert M. Alexander sold 30,742 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the completion of the sale, the insider now owns 73,734 shares of the company’s stock, valued at approximately $11,060,100. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Robert M. Alexander sold 30,742 shares of the stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the transaction, the insider now directly owns 73,734 shares of the company’s stock, valued at $11,060,100. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Kevin S. Borgmann sold 61,532 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the transaction, the chief executive officer now owns 40,934 shares in the company, valued at approximately $5,438,491.24. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Capital One Financial Stock Down 1.1 %

Shares of NYSE COF opened at $136.46 on Thursday. Capital One Financial Co. has a 52-week low of $88.23 and a 52-week high of $153.35. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.00 and a current ratio of 1.00. The company’s 50 day moving average price is $141.51 and its 200-day moving average price is $140.50. The company has a market capitalization of $52.11 billion, a P/E ratio of 10.69, a price-to-earnings-growth ratio of 1.10 and a beta of 1.44.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 EPS for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.14). Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. The firm had revenue of $9.51 billion for the quarter, compared to the consensus estimate of $9.57 billion. During the same period last year, the company posted $3.52 EPS. The business’s revenue was up 5.5% compared to the same quarter last year. Equities analysts forecast that Capital One Financial Co. will post 13.1 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.40 annualized dividend and a yield of 1.76%. Capital One Financial’s dividend payout ratio is currently 18.79%.

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.