Insider Selling: Capital One Financial (NYSE:COF) Insider Sells $2,040,320.28 in Stock

Capital One Financial Corporation (NYSE:COF) insider Ravi Raghu sold 9,726 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $209.78, for a total transaction of $2,040,320.28. Following the completion of the transaction, the insider owned 26,328 shares in the company, valued at approximately $5,523,087.84. This represents a 26.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Capital One Financial Stock Performance

NYSE:COF opened at $221.62 on Thursday. Capital One Financial Corporation has a fifty-two week low of $174.24 and a fifty-two week high of $259.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02. The company has a 50 day moving average price of $199.68 and a 200 day moving average price of $198.49. The stock has a market capitalization of $135.96 billion, a P/E ratio of 13.71, a PEG ratio of 0.82 and a beta of 1.02.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The company had revenue of $15.83 billion for the quarter, compared to analyst estimates of $15.76 billion. During the same quarter in the previous year, the company earned $5.48 earnings per share. The firm’s quarterly revenue was up 26.9% compared to the same quarter last year. Equities research analysts forecast that Capital One Financial Corporation will post 20.19 EPS for the current year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Monday, August 17th. Capital One Financial’s payout ratio is currently 19.80%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in COF. Norges Bank purchased a new position in Capital One Financial in the fourth quarter valued at $2,089,803,000. Viking Global Investors LP lifted its holdings in Capital One Financial by 30.3% during the 3rd quarter. Viking Global Investors LP now owns 7,388,506 shares of the financial services provider’s stock worth $1,570,649,000 after buying an additional 1,717,148 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Capital One Financial by 7,143.2% during the 4th quarter. Bessemer Group Inc. now owns 1,448,126 shares of the financial services provider’s stock worth $350,966,000 after acquiring an additional 1,428,133 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Capital One Financial by 64.9% during the 4th quarter. AQR Capital Management LLC now owns 3,366,692 shares of the financial services provider’s stock worth $815,951,000 after acquiring an additional 1,324,845 shares in the last quarter. Finally, Amundi increased its holdings in shares of Capital One Financial by 41.5% in the 1st quarter. Amundi now owns 3,067,354 shares of the financial services provider’s stock valued at $559,577,000 after acquiring an additional 899,409 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on COF. UBS Group raised their target price on Capital One Financial from $275.00 to $280.00 and gave the company a “buy” rating in a report on Monday. Weiss Ratings upgraded shares of Capital One Financial from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 30th. Wall Street Zen cut shares of Capital One Financial from a “buy” rating to a “hold” rating in a research report on Sunday. HSBC raised shares of Capital One Financial from a “hold” rating to a “buy” rating and raised their price objective for the company from $226.00 to $229.00 in a research note on Sunday, July 12th. Finally, Royal Bank Of Canada cut their target price on shares of Capital One Financial from $275.00 to $235.00 and set a “sector perform” rating on the stock in a research note on Friday, April 10th. 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, Capital One Financial currently has an average rating of “Moderate Buy” and a consensus price target of $259.36.

Capital One Financial Company Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.