Capital One Financial (NYSE:COF) General Counsel Sells 3,500 Shares

Capital One Financial Corporation (NYSE:COF) General Counsel Matthew Cooper sold 3,500 shares of the company’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $214.10, for a total transaction of $749,350.00. Following the sale, the general counsel directly owned 83,194 shares in the company, valued at $17,811,835.40. This represents a 4.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Capital One Financial Price Performance

Shares of NYSE:COF traded up $5.35 during trading on Wednesday, reaching $216.69. The stock had a trading volume of 4,044,162 shares, compared to its average volume of 4,824,401. The stock has a market capitalization of $132.93 billion, a PE ratio of 13.41, a P/E/G ratio of 0.79 and a beta of 1.02. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week high of $259.64. The business’s 50-day moving average price is $210.86 and its 200 day moving average price is $197.76.

Capital One Financial (NYSE:COF) last released its quarterly 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 business had revenue of $15.83 billion for the quarter, compared to analyst estimates of $15.76 billion. During the same period in the prior year, the company earned $5.48 EPS. Capital One Financial’s revenue for the quarter was up 26.9% on a year-over-year basis. As a group, equities analysts predict that Capital One Financial Corporation will post 20.29 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Monday, August 17th. Capital One Financial’s dividend payout ratio is presently 19.80%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in COF. Range Advisory LLC lifted its stake in Capital One Financial by 6.2% in the second quarter. Range Advisory LLC now owns 2,130 shares of the financial services provider’s stock valued at $427,000 after buying an additional 125 shares during the period. Amundi grew its position in shares of Capital One Financial by 16.0% during the 2nd quarter. Amundi now owns 3,558,138 shares of the financial services provider’s stock worth $713,834,000 after buying an additional 490,784 shares during the period. HighTower Advisors LLC increased its stake in shares of Capital One Financial by 1.6% in the 2nd quarter. HighTower Advisors LLC now owns 382,910 shares of the financial services provider’s stock valued at $76,819,000 after acquiring an additional 5,944 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Capital One Financial in the 2nd quarter valued at approximately $5,341,000. Finally, CYBER HORNET ETFs LLC raised its position in shares of Capital One Financial by 183.8% in the 2nd quarter. CYBER HORNET ETFs LLC now owns 4,958 shares of the financial services provider’s stock valued at $995,000 after acquiring an additional 3,211 shares during the period. Institutional investors and hedge funds own 89.84% of the company’s stock.

Wall Street Analysts Forecast Growth

COF has been the topic of several research reports. JPMorgan Chase & Co. upped their price target on shares of Capital One Financial from $215.00 to $245.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. UBS Group boosted their target price 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. Weiss Ratings raised shares of Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. Wall Street Zen lowered shares of Capital One Financial from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Finally, BTIG Research upped their price objective on Capital One Financial from $224.00 to $259.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th. Twenty-one research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.