Capital One Financial (NYSE:COF) Stock Price Breaks Below 50-Day Moving Average Following Insider Selling

Capital One Financial Corporation (NYSE:COF)’s stock price crossed below its 50-day moving average during trading on Friday after an insider sold shares in the company. The stock has a 50-day moving average of $203.60 and traded as low as $201.24. Capital One Financial shares last traded at $202.0350, with a volume of 3,522,336 shares trading hands.

Specifically, CEO Richard Fairbank sold 90,743 shares of the stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $204.86, for a total transaction of $18,589,610.98. Following the sale, the chief executive officer directly owned 3,968,520 shares of the company’s stock, valued at approximately $812,991,007.20. This trade represents a 2.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. UBS Group reduced their target price on shares of Capital One Financial from $280.00 to $274.00 and set a “buy” rating for the company in a research report on Monday. HSBC upgraded Capital One Financial from a “hold” rating to a “buy” rating and increased their price objective for the company from $226.00 to $229.00 in a report on Sunday, July 12th. Citigroup increased their price objective on Capital One Financial from $280.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, October 21st. TD Cowen raised their target price on shares of Capital One Financial from $242.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 21st. Finally, JPMorgan Chase & Co. upped their target price on shares of Capital One Financial from $227.00 to $241.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 21st. Twenty analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Capital One Financial currently has an average rating of “Moderate Buy” and an average price target of $256.50.

Capital One Financial Trading Down 0.9%

The stock has a market cap of $123.94 billion, a P/E ratio of 11.93, a price-to-earnings-growth ratio of 0.96 and a beta of 1.10. 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 firm’s 50 day simple moving average is $203.60 and its two-hundred day simple moving average is $200.92.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $6.69 EPS for the quarter, beating analysts’ consensus estimates of $5.53 by $1.16. The company had revenue of $16.31 billion for 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 period last year, the company earned $5.95 earnings per share. As a group, equities research analysts predict that Capital One Financial Corporation will post 21.53 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

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

Hedge Funds Weigh In On Capital One Financial

Several large investors have recently added to or reduced their stakes in COF. JCSD Capital LLC increased its holdings in shares of Capital One Financial by 2.7% in the third quarter. JCSD Capital LLC now owns 18,800 shares of the financial services provider’s stock valued at $3,630,000 after purchasing an additional 500 shares in the last quarter. Valmark Advisers Inc. boosted its position in Capital One Financial by 41.9% during the 3rd quarter. Valmark Advisers Inc. now owns 3,456 shares of the financial services provider’s stock worth $667,000 after acquiring an additional 1,020 shares during the last quarter. Allworth Financial LP grew its position in Capital One Financial by 7.2% in the third quarter. Allworth Financial LP now owns 23,512 shares of the financial services provider’s stock valued at $4,717,000 after purchasing an additional 1,572 shares in the last quarter. Ariadne Wealth Management LP boosted its stake in shares of 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 last quarter. Finally, Werba Rubin Papier Wealth Management increased its position in shares of 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 valued at $346,000 after acquiring an additional 84 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

About Capital One Financial