Insider Selling: Capital One Financial (NYSE:COF) Director Sells $339,208.99 in Stock

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

Capital One Financial Trading Up 0.8%

NYSE COF opened at $197.31 on Thursday. Capital One Financial Corporation has a 12 month low of $174.24 and a 12 month high of $259.64. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.45. The stock has a 50 day moving average of $202.60 and a 200-day moving average of $200.46. The company has a market cap of $118.69 billion, a PE ratio of 11.65, a PEG ratio of 0.89 and a beta of 1.10.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $6.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.53 by $1.16. Capital One Financial had a net margin of 13.70% and a return on equity of 11.64%. The firm had revenue of $16.31 billion for the quarter, compared to analyst estimates of $16.25 billion. During the same period in the prior year, the firm posted $5.95 earnings per share. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, equities research analysts anticipate 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. Stockholders of record on Monday, November 16th will be given a $0.80 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $3.20 annualized dividend and a dividend yield of 1.6%. Capital One Financial’s dividend payout ratio is presently 18.89%.

Analyst Upgrades and Downgrades

COF has been the topic of several recent research reports. Barclays increased their price objective on Capital One Financial from $237.00 to $238.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 21st. Piper Sandler increased their price objective on shares of Capital One Financial from $260.00 to $269.00 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 company a “market perform” rating in a research note on Wednesday, October 21st. Wolfe Research lifted their price target on shares of Capital One Financial from $255.00 to $275.00 and gave the company an “outperform” rating in a report on Tuesday, August 25th. Finally, Morgan Stanley dropped their target price on Capital One Financial from $273.00 to $267.00 and set an “overweight” rating for the company in a research report on Monday, October 12th. Twenty research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $256.50.

Institutional Investors Weigh In On Capital One Financial

Several hedge funds and other institutional investors have recently bought and sold shares of COF. State Street Corp increased its holdings 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 valued at $11,491,259,000 after acquiring an additional 29,724,829 shares in the last quarter. Bank of America Corp DE purchased a new position in shares of Capital One Financial in the 2nd quarter worth approximately $1,435,311,000. Legal & General Group Plc bought a new position in Capital One Financial in the 2nd quarter valued at $680,983,000. Berkshire Hathaway Inc bought a new stake in Capital One Financial in the second quarter worth about $601,860,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Capital One Financial during the 2nd quarter valued at approximately $482,718,000. 89.84% of the stock is owned by institutional investors.

About Capital One Financial

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.