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

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 value of $18,589,610.98. Following the completion of the sale, the chief executive officer directly owned 3,968,520 shares in the company, valued at approximately $812,991,007.20. This represents a 2.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Capital One Financial Price Performance

Capital One Financial stock traded down $1.80 during midday trading on Friday, reaching $202.03. The company’s stock had a trading volume of 3,499,782 shares, compared to its average volume of 4,631,165. The business has a 50-day moving average price of $203.90 and a 200-day moving average price of $201.06. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week 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 market cap of $121.53 billion, a PE ratio of 11.93, a price-to-earnings-growth ratio of 0.94 and a beta of 1.10.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $6.69 earnings per share (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 analysts’ expectations of $16.25 billion. Capital One Financial had a net margin of 13.70% and a return on equity of 11.64%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company earned $5.95 EPS. On average, sell-side analysts predict that Capital One Financial Corporation will post 21.53 EPS for the current year.

Capital One Financial Dividend Announcement

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

Institutional Investors Weigh In On Capital One Financial

A number of large investors have recently bought and sold shares of the stock. Allworth Financial LP increased its position in Capital One Financial by 7.2% in the 3rd quarter. Allworth Financial LP now owns 23,512 shares of the financial services provider’s stock valued at $4,717,000 after buying an additional 1,572 shares in the last quarter. Ariadne Wealth Management LP raised its stake in Capital One Financial by 34.3% during the 3rd quarter. Ariadne Wealth Management LP now owns 2,465 shares of the financial services provider’s stock worth $476,000 after buying an additional 630 shares during the period. Werba Rubin Papier Wealth Management boosted its holdings in Capital One Financial by 4.9% in the third quarter. Werba Rubin Papier Wealth Management now owns 1,791 shares of the financial services provider’s stock worth $346,000 after acquiring an additional 84 shares in the last quarter. Nikulski Financial Inc. boosted its holdings in Capital One Financial by 7.3% in the third quarter. Nikulski Financial Inc. now owns 1,217 shares of the financial services provider’s stock worth $235,000 after acquiring an additional 83 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in Capital One Financial in the third quarter valued at approximately $347,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on COF shares. UBS Group decreased their price target on Capital One Financial from $280.00 to $274.00 and set a “buy” rating for the company in a research note on Monday. HSBC upgraded Capital One Financial from a “hold” rating to a “buy” rating and upped their target price for the company from $226.00 to $229.00 in a research report on Sunday, July 12th. Citigroup raised their target price on Capital One Financial from $280.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday, October 21st. Deutsche Bank Aktiengesellschaft set a $245.00 target price on Capital One Financial in a report on Thursday, August 20th. Finally, JPMorgan Chase & Co. boosted their price target on Capital One Financial from $227.00 to $241.00 and gave the company an “overweight” rating in a research note on Wednesday, October 21st. Twenty analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $256.50.

About Capital One Financial