Capital One Financial (NYSE:COF) Stock: Insider Peter Raskind Sells 1,681 Shares

Capital One Financial Corporation (NYSE:COF) Director Peter Raskind sold 1,681 shares of the firm’s stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of $201.79, for a total transaction of $339,208.99. Following the completion of the transaction, the director directly owned 32,715 shares in the company, valued at $6,601,559.85. This trade represents a 4.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Capital One Financial Trading Down 1.5%

Shares of Capital One Financial stock opened at $195.63 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.02 and a quick ratio of 1.02. The stock’s 50 day simple moving average is $202.88 and its 200-day simple moving average is $200.56. The stock has a market cap of $117.68 billion, a P/E ratio of 11.55, a P/E/G ratio of 0.90 and a beta of 1.10. Capital One Financial Corporation has a 1-year low of $174.24 and a 1-year high of $259.64.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $6.69 EPS for the quarter, beating the consensus estimate of $5.53 by $1.16. Capital One Financial had a return on equity of 11.64% and a net margin of 13.70%. The firm had revenue of $16.31 billion during the quarter, compared to analysts’ expectations of $16.25 billion. During the same quarter last year, the firm earned $5.95 earnings per share. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. Analysts predict that Capital One Financial Corporation will post 21.53 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Monday, November 16th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $3.20 dividend on an annualized basis and a yield of 1.6%. Capital One Financial’s payout ratio is 18.89%.

Institutional Trading of Capital One Financial

Several institutional investors have recently made changes to their positions in the company. Compass Wealth Management LLC purchased a new position in Capital One Financial in the third quarter worth approximately $25,000. Solstein Capital LLC acquired a new stake in Capital One Financial during the second quarter worth $26,000. Torren Management LLC raised its position in Capital One Financial by 114.8% in the third quarter. Torren Management LLC now owns 131 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 70 shares during the period. Gilpin Wealth Management LLC purchased a new stake in Capital One Financial in the third quarter valued at $27,000. Finally, Ballast Advisors LLC purchased a new stake in Capital One Financial in the first quarter valued at $27,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on COF. Barclays raised their target price on Capital One Financial from $237.00 to $238.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 21st. BMO Capital Markets lifted their price target on Capital One Financial from $219.00 to $225.00 and gave the stock a “market perform” rating in a report on Wednesday, October 21st. Wall Street Zen cut shares of Capital One Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. JPMorgan Chase & Co. boosted their price target on shares of Capital One Financial from $227.00 to $241.00 and gave the company an “overweight” rating in a research report on Wednesday, October 21st. Finally, Evercore reissued an “outperform” rating and issued a $230.00 price objective on shares of Capital One Financial in a report on Tuesday, October 27th. Twenty analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $256.50.

Capital One Financial Company Profile

Capital One Financial Corporation is a bank holding company that provides credit cards, consumer banking, auto financing and commercial banking services. Its offerings include credit cards, deposit accounts, loans and financial services for businesses. The company traces its roots to a credit card business established within Signet Banking Corporation in 1988 and became an independent company in 1994. Capital One is headquartered in McLean, Virginia, and serves customers primarily in the United States, with credit card operations also in the United Kingdom.