Royal London Asset Management Ltd. Sells 4,478 Shares of Capital One Financial Corporation $COF

Royal London Asset Management Ltd. trimmed its position in shares of Capital One Financial Corporation (NYSE:COF) by 1.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 350,110 shares of the financial services provider’s stock after selling 4,478 shares during the period. Royal London Asset Management Ltd. owned 0.06% of Capital One Financial worth $70,239,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of COF. Toth Financial Advisory Corp increased its stake in Capital One Financial by 59.0% in the 2nd quarter. Toth Financial Advisory Corp now owns 932 shares of the financial services provider’s stock worth $187,000 after buying an additional 346 shares in the last quarter. Mufg Securities Americas Inc. lifted its position in shares of Capital One Financial by 8.4% in the second quarter. Mufg Securities Americas Inc. now owns 18,743 shares of the financial services provider’s stock valued at $3,760,000 after acquiring an additional 1,446 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Capital One Financial by 10.4% in the second quarter. Van ECK Associates Corp now owns 41,360 shares of the financial services provider’s stock worth $8,298,000 after acquiring an additional 3,888 shares during the period. Wellington Management Group LLP boosted its stake in shares of Capital One Financial by 36.2% in the second quarter. Wellington Management Group LLP now owns 7,108,112 shares of the financial services provider’s stock worth $1,426,029,000 after acquiring an additional 1,887,497 shares during the period. Finally, Lombard Odier Asset Management Europe Ltd purchased a new stake in shares of Capital One Financial during the second quarter worth about $3,354,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Price Performance

Capital One Financial stock opened at $215.81 on Friday. The company has a market cap of $132.40 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 0.80 and a beta of 1.02. The firm’s fifty day moving average is $210.32 and its 200 day moving average is $198.00. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39. Capital One Financial Corporation has a 52-week low of $174.24 and a 52-week high of $259.64.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data 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 net margin of 13.37% and a return on equity of 11.28%. The business had revenue of $15.83 billion during the quarter, compared to analysts’ expectations of $15.76 billion. During the same period last year, the company posted $5.48 EPS. The business’s revenue was up 26.9% on a year-over-year basis. Sell-side analysts forecast that Capital One Financial Corporation will post 20.29 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. Capital One Financial’s dividend payout ratio (DPR) is presently 19.80%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Barclays decreased their target price on Capital One Financial from $242.00 to $240.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Bank of America cut their price objective on shares of Capital One Financial from $234.00 to $231.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Weiss Ratings upgraded shares of Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. Citigroup lowered their target price on shares of Capital One Financial from $310.00 to $295.00 and set a “buy” rating on the stock in a report on Tuesday, July 28th. Finally, Wall Street Zen lowered shares of Capital One Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Twenty-one equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Capital One Financial currently has an average rating of “Moderate Buy” and a consensus price target of $258.91.

Insider Buying and Selling

In other news, CAO Timothy P. Golden sold 3,487 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $211.00, for a total value of $735,757.00. Following the completion of the sale, the chief accounting officer directly owned 7,429 shares of the company’s stock, valued at $1,567,519. This trade represents a 31.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ravi Raghu sold 9,726 shares of Capital One Financial stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $209.78, for a total value of $2,040,320.28. Following the completion of the transaction, the insider owned 26,328 shares of the company’s stock, valued at approximately $5,523,087.84. This trade represents a 26.98% 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. Insiders have sold a total of 26,267 shares of company stock valued at $5,617,648 in the last quarter. 0.78% of the stock is currently owned by insiders.

Capital One Financial Profile

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.