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 company’s stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $196.22, for a total transaction of $686,770.00. Following the completion of the transaction, the general counsel owned 79,694 shares in the company, valued at approximately $15,637,556.68. This trade represents a 4.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Capital One Financial Price Performance

COF stock traded up $0.07 during midday trading on Wednesday, reaching $195.89. The company had a trading volume of 3,216,178 shares, compared to its average volume of 4,660,937. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02. Capital One Financial Corporation has a 1 year low of $174.24 and a 1 year high of $259.64. The company has a market capitalization of $120.17 billion, a P/E ratio of 12.12, a P/E/G ratio of 0.72 and a beta of 1.04. The firm has a 50-day moving average price of $210.85 and a 200-day moving average price of $199.42.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data 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. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The firm had revenue of $15.83 billion for the quarter, compared to analysts’ expectations of $15.76 billion. During the same quarter last year, the company posted $5.48 EPS. The business’s quarterly revenue was up 26.9% on a year-over-year basis. On average, research analysts anticipate that Capital One Financial Corporation will post 20.32 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently declared 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 of this dividend was Monday, August 17th. This represents a $3.20 annualized dividend and a yield of 1.6%. Capital One Financial’s payout ratio is 19.80%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on COF. HSBC raised Capital One Financial from a “hold” rating to a “buy” rating and upped their target price for the stock from $226.00 to $229.00 in a research note on Sunday, July 12th. JPMorgan Chase & Co. upped their price objective on shares of Capital One Financial from $215.00 to $245.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft set a $245.00 target price on shares of Capital One Financial in a report on Thursday, August 20th. UBS Group lifted their target price on shares of Capital One Financial from $275.00 to $280.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Finally, Barclays cut their price target on shares of Capital One Financial from $240.00 to $237.00 and set an “overweight” rating for the company in a research report on Monday. Twenty-one research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $257.77.

Institutional Trading of Capital One Financial

A number of institutional investors have recently made changes to their positions in the stock. State Street Corp boosted its position in Capital One Financial by 107.9% during the 2nd quarter. State Street Corp now owns 57,278,732 shares of the financial services provider’s stock valued at $11,491,259,000 after buying an additional 29,724,829 shares during the period. BlackRock Inc. increased its position in shares of Capital One Financial by 0.5% in the second quarter. BlackRock Inc. now owns 51,054,869 shares of the financial services provider’s stock valued at $10,242,628,000 after acquiring an additional 236,643 shares during the period. Bank of America Corp DE bought a new position in shares of Capital One Financial during the second quarter valued at about $1,435,311,000. Wellington Management Group LLP raised its stake in shares of Capital One Financial by 36.2% during the second quarter. Wellington Management Group LLP now owns 7,108,112 shares of the financial services provider’s stock valued at $1,426,029,000 after acquiring an additional 1,887,497 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Capital One Financial by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 5,621,240 shares of the financial services provider’s stock worth $1,127,733,000 after purchasing an additional 187,532 shares during the period. Hedge funds and other institutional investors own 89.84% of the company’s stock.

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.