Capital One Financial (NYSE:COF) Insider Sells $377,422.22 in Stock

Capital One Financial Corporation (NYSE:COF) insider Celia Karam sold 1,927 shares of the firm’s stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $195.86, for a total value of $377,422.22. Following the sale, the insider directly owned 55,774 shares of the company’s stock, valued at $10,923,895.64. The trade was a 3.34% 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.

Celia Karam also recently made the following trade(s):

• On Tuesday, September 15th, Celia Karam sold 2,017 shares of Capital One Financial stock. The shares were sold at an average price of $206.07, for a total transaction of $415,643.19.
• On Monday, August 17th, Celia Karam sold 1,888 shares of Capital One Financial stock. The shares were sold at an average price of $225.52, for a total transaction of $425,781.76.

Capital One Financial Trading Down 0.9%

COF stock traded down $1.88 during mid-day trading on Monday, hitting $199.86. 3,640,025 shares of the company were exchanged, compared to its average volume of 4,637,232. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $122.61 billion, a P/E ratio of 12.37, a PEG ratio of 0.97 and a beta of 1.04. The business has a fifty day simple moving average of $208.08 and a 200-day simple moving average of $200.39. Capital One Financial Corporation has a 12-month low of $174.24 and a 12-month high of $259.64.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, beating the consensus estimate of $4.79 by $1.02. The firm had revenue of $15.83 billion during the quarter, compared to the consensus estimate of $15.76 billion. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The firm’s revenue for the quarter was up 26.9% on a year-over-year basis. During the same quarter last year, the firm earned $5.48 EPS. On average, equities research analysts predict that Capital One Financial Corporation will post 20.36 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Monday, August 17th. Capital One Financial’s dividend payout ratio (DPR) is currently 19.80%.

Hedge Funds Weigh In On Capital One Financial

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Kaufman Rossin Wealth LLC purchased a new position in shares of Capital One Financial during the 3rd quarter worth approximately $405,000. Sculati Wealth Management LLC lifted its holdings in shares of Capital One Financial by 49.8% in the 3rd quarter. Sculati Wealth Management LLC now owns 2,797 shares of the financial services provider’s stock valued at $563,000 after buying an additional 930 shares during the period. First Bank & Trust boosted its stake in shares of Capital One Financial by 84.9% in the third quarter. First Bank & Trust now owns 3,490 shares of the financial services provider’s stock valued at $674,000 after buying an additional 1,602 shares in the last quarter. Brown Lisle Cummings Inc. boosted its stake in shares of Capital One Financial by 235.4% in the third quarter. Brown Lisle Cummings Inc. now owns 929 shares of the financial services provider’s stock valued at $179,000 after buying an additional 652 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of Capital One Financial by 180.3% in the third quarter. IFP Advisors Inc now owns 26,185 shares of the financial services provider’s stock valued at $5,056,000 after buying an additional 16,843 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Evercore set a $220.00 price objective on Capital One Financial in a research note on Thursday, October 1st. TD Cowen decreased their target price on Capital One Financial from $253.00 to $242.00 and set a “buy” rating on the stock in a research note on Tuesday, October 6th. JPMorgan Chase & Co. lowered their target price on Capital One Financial from $246.00 to $227.00 and set an “overweight” rating for the company in a report on Monday, October 12th. BMO Capital Markets began coverage on Capital One Financial in a report on Friday, October 9th. They set a “market perform” rating and a $219.00 target price for the company. Finally, Weiss Ratings downgraded Capital One Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, October 6th. Twenty equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $255.04.

Capital One Financial Company Profile

Capital One Financial Corporation is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company operates as a bank holding company through Capital One, N.A., providing financial products and services to consumers, small businesses and commercial customers.

Capital One is best known for its credit card business, which offers a range of consumer and business cards. Its other activities include consumer banking products such as checking and savings accounts, auto loans and retail banking services, as well as commercial banking services for businesses and institutions.

The company primarily serves customers in the United States through digital channels, branches and other distribution networks.