Capital One Financial (NYSE:COF) CEO Richard Fairbank Sells 90,743 Shares of Company Stock

Capital One Financial Corporation (NYSE:COF) CEO Richard Fairbank sold 90,743 shares of the firm’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $204.86, for a total transaction of $18,589,610.98. Following the completion of the transaction, the chief executive officer owned 3,968,520 shares in the company, valued at $812,991,007.20. The trade was a 2.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Capital One Financial Stock Performance

Capital One Financial stock opened at $202.03 on Friday. Capital One Financial Corporation has a 12-month low of $174.24 and a 12-month high of $259.64. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.45. The business’s 50-day moving average price is $203.60 and its two-hundred day moving average price is $200.92. The stock has a market cap of $123.94 billion, a PE ratio of 11.93, a P/E/G ratio of 0.96 and a beta of 1.10.

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

Capital One Financial Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on COF shares. BMO Capital Markets boosted their price objective on Capital One Financial from $219.00 to $225.00 and gave the company a “market perform” rating in a report on Wednesday, October 21st. TD Cowen increased their price target on Capital One Financial from $242.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, October 21st. Deutsche Bank Aktiengesellschaft set a $245.00 price objective on shares of Capital One Financial in a research report on Thursday, August 20th. Evercore restated an “outperform” rating and set a $230.00 price objective on shares of Capital One Financial in a research note on Tuesday, October 27th. Finally, Weiss Ratings raised Capital One Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday. Twenty investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $256.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of COF. State Street Corp lifted its position in shares of Capital One Financial by 107.9% during the second quarter. State Street Corp now owns 57,278,732 shares of the financial services provider’s stock worth $11,491,259,000 after purchasing an additional 29,724,829 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of Capital One Financial in the 2nd quarter worth approximately $1,435,311,000. Legal & General Group Plc acquired a new stake in shares of Capital One Financial in the second quarter worth $680,983,000. Berkshire Hathaway Inc acquired a new stake in shares of Capital One Financial in the second quarter valued at approximately $601,860,000. Finally, Canada Pension Plan Investment Board bought a new stake in Capital One Financial during the second quarter worth $482,718,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

About Capital One Financial