Insider Selling: Capital One Financial (NYSE:COF) General Counsel Sells $686,770.00 in Stock

Capital One Financial Corporation (NYSE:COF) General Counsel Matthew Cooper sold 3,500 shares of the stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $196.22, for a total transaction of $686,770.00. Following the sale, the general counsel owned 79,694 shares in the company, valued at $15,637,556.68. The trade was a 4.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $199.14 on Friday. The firm has a 50 day moving average of $210.17 and a 200-day moving average of $199.65. The stock has a market capitalization of $122.17 billion, a PE ratio of 12.32, a PEG ratio of 0.73 and a beta of 1.04. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39. 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 issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, topping analysts’ consensus estimates of $4.79 by $1.02. The company 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 quarterly revenue was up 26.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.48 EPS. On average, equities research analysts predict that Capital One Financial Corporation will post 20.33 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were paid a dividend of $0.80 per share. The ex-dividend date was Monday, August 17th. This represents a $3.20 annualized dividend and a yield of 1.6%. Capital One Financial’s dividend payout ratio is presently 19.80%.

Institutional Trading of Capital One Financial

Hedge funds and other institutional investors have recently made changes to their positions in the company. Solstein Capital LLC acquired a new stake in Capital One Financial during the 2nd quarter valued at approximately $26,000. Purpose Unlimited Inc. acquired a new position in shares of Capital One Financial in the 4th quarter worth approximately $33,000. Gilpin Wealth Management LLC bought a new stake in shares of Capital One Financial in the 3rd quarter valued at $27,000. Ballast Advisors LLC bought a new stake in shares of Capital One Financial in the 1st quarter valued at $27,000. Finally, Pension & Wealth Management Advisors Inc. bought a new stake in shares of Capital One Financial in the 2nd quarter valued at $31,000. 89.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on COF. Barclays lowered their price target on Capital One Financial from $240.00 to $237.00 and set an “overweight” rating for the company in a report on Monday. Wolfe Research increased their target price on shares of Capital One Financial from $255.00 to $275.00 and gave the stock an “outperform” rating in a report on Tuesday, August 25th. Bank of America reduced their price target on shares of Capital One Financial from $234.00 to $231.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Piper Sandler lifted their price target on shares of Capital One Financial from $254.00 to $260.00 and gave the company an “overweight” rating in a report on Monday, September 28th. Finally, TD Cowen dropped their price objective on shares of Capital One Financial from $253.00 to $242.00 and set a “buy” rating for the company in a research note on Tuesday. Twenty equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $256.09.

Capital One Financial Company Profile

Capital One Financial Corp. is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company provides credit cards, consumer banking products, auto financing and commercial banking services through its Capital One brand.

Capital One offers credit cards for consumers and businesses, checking and savings accounts, certificates of deposit, personal loans and auto loans. Its commercial banking operations serve businesses, institutions and commercial real estate clients with lending, deposit, treasury management and other financial services.

Capital One primarily serves customers in the United States, with additional operations in Canada and the United Kingdom.