Capital One Financial Co. (NYSE:COF) Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN lessened its stake in Capital One Financial Co. (NYSE:COF) by 12.5% during the first quarter, Holdings Channel reports. The firm owned 116,493 shares of the financial services provider’s stock after selling 16,594 shares during the period. OLD National Bancorp IN’s holdings in Capital One Financial were worth $20,887,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Bfsg LLC acquired a new position in shares of Capital One Financial in the 4th quarter valued at $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Capital One Financial in the 4th quarter valued at $27,000. TruNorth Capital Management LLC acquired a new position in shares of Capital One Financial in the 4th quarter valued at $29,000. SBI Securities Co. Ltd. acquired a new position in shares of Capital One Financial in the 4th quarter valued at $32,000. Finally, Murphy & Mullick Capital Management Corp acquired a new position in shares of Capital One Financial during the 4th quarter valued at $41,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analysts Set New Price Targets

COF has been the topic of several recent research reports. Bank of America lifted their target price on shares of Capital One Financial from $223.00 to $233.00 and gave the company a “buy” rating in a report on Wednesday, May 21st. Citigroup reduced their target price on shares of Capital One Financial from $245.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, March 24th. Wells Fargo & Company lifted their target price on shares of Capital One Financial from $210.00 to $225.00 and gave the company an “overweight” rating in a report on Thursday, April 24th. JPMorgan Chase & Co. reduced their target price on shares of Capital One Financial from $198.00 to $170.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Finally, Evercore ISI upgraded shares of Capital One Financial from an “in-line” rating to an “outperform” rating and set a $200.00 target price on the stock in a report on Wednesday, March 12th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $210.64.

Insider Transactions at Capital One Financial

In other news, Director Ann F. Hackett sold 1,658 shares of the business’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $198.70, for a total value of $329,444.60. Following the completion of the sale, the director now owns 56,244 shares of the company’s stock, valued at approximately $11,175,682.80. The trade was a 2.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Zamsky sold 9,560 shares of the business’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $199.40, for a total transaction of $1,906,264.00. Following the completion of the sale, the insider now directly owns 20,089 shares of the company’s stock, valued at $4,005,746.60. The trade was a 32.24% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Capital One Financial Stock Performance

Shares of COF stock opened at $198.27 on Friday. Capital One Financial Co. has a 12 month low of $128.23 and a 12 month high of $210.67. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market capitalization of $75.96 billion, a P/E ratio of 17.11, a P/E/G ratio of 1.19 and a beta of 1.13. The company’s fifty day moving average price is $180.76 and its two-hundred day moving average price is $185.05.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share for the quarter, topping the consensus estimate of $3.75 by $0.31. The company had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.07 billion. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. On average, research analysts anticipate that Capital One Financial Co. will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Friday, May 23rd. Capital One Financial’s payout ratio is currently 20.15%.

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.