Capital One Financial (NYSE:COF) Shares Down 5.6%

Capital One Financial Co. (NYSE:COF)’s share price traded down 5.6% on Tuesday . The stock traded as low as $133.88 and last traded at $134.62. 784,197 shares were traded during mid-day trading, a decline of 68% from the average session volume of 2,454,980 shares. The stock had previously closed at $142.60.

Analysts Set New Price Targets

COF has been the subject of several research analyst reports. Evercore ISI reduced their price target on shares of Capital One Financial from $155.00 to $154.00 and set an “in-line” rating for the company in a research report on Tuesday, June 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $150.00 target price on shares of Capital One Financial in a research report on Thursday, July 25th. BTIG Research assumed coverage on Capital One Financial in a research report on Friday, June 7th. They set a “neutral” rating on the stock. JPMorgan Chase & Co. raised their price objective on Capital One Financial from $148.00 to $155.00 and gave the stock a “neutral” rating in a research report on Monday, July 8th. Finally, Bank of America upped their target price on Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Capital One Financial has a consensus rating of “Hold” and an average target price of $145.89.

Capital One Financial Stock Down 4.6 %

The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.81. The company has a market cap of $51.94 billion, a price-to-earnings ratio of 10.32, a PEG ratio of 1.10 and a beta of 1.44. The business has a 50-day simple moving average of $141.60 and a two-hundred day simple moving average of $140.52.

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

Capital One Financial Announces Dividend

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

Insider Activity

In other Capital One Financial news, CEO Kevin S. Borgmann sold 61,532 shares of Capital One Financial stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total value of $8,175,141.52. Following the transaction, the chief executive officer now directly owns 40,934 shares of the company’s stock, valued at approximately $5,438,491.24. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Capital One Financial news, CEO Kevin S. Borgmann sold 61,532 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total value of $8,175,141.52. Following the sale, the chief executive officer now directly owns 40,934 shares in the company, valued at approximately $5,438,491.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert M. Alexander sold 30,742 shares of the company’s stock in a transaction dated 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 approximately $11,060,100. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of COF. Capital Research Global Investors raised its holdings in shares of Capital One Financial by 72.8% in 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 in the last quarter. Norges Bank bought a new position in shares of Capital One Financial during the fourth quarter valued at $409,831,000. Eminence Capital LP acquired a new stake in shares of Capital One Financial in the 2nd quarter valued at $127,465,000. Clearbridge Investments LLC grew its holdings in shares of Capital One Financial by 18.8% in the 1st quarter. Clearbridge Investments LLC now owns 3,473,596 shares of the financial services provider’s stock worth $517,184,000 after purchasing an additional 549,665 shares during the last quarter. Finally, International Assets Investment Management LLC increased its position in shares of Capital One Financial by 123.4% during the 2nd quarter. International Assets Investment Management LLC now owns 772,961 shares of the financial services provider’s stock worth $107,016,000 after purchasing an additional 427,000 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

About Capital One Financial

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.