Capital One Financial Corporation (NYSE:COF) insider Jason Hanson sold 3,729 shares of the business's stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $205.00, for a total transaction of $764,445.00. Following the completion of the sale, the insider directly owned 40,230 shares of the company's stock, valued at $8,247,150. This represents a 8.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Capital One Financial Stock Up 1.3%
Shares of NYSE:COF opened at $208.43 on Friday. The stock has a market capitalization of $129.63 billion, a P/E ratio of 70.42, a price-to-earnings-growth ratio of 0.61 and a beta of 1.14. The stock's 50-day moving average price is $228.33 and its 200-day moving average price is $223.04. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.44. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $259.64.
Capital One Financial (NYSE:COF - Get Free Report) last issued its earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share for the quarter, missing the consensus estimate of $4.14 by ($0.28). Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. During the same period in the previous year, the firm earned $2.67 EPS. The company's quarterly revenue was up 53.3% compared to the same quarter last year. On average, equities analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current year.
Capital One Financial Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Thursday, February 19th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Thursday, February 19th. This represents a $3.20 annualized dividend and a yield of 1.5%. Capital One Financial's dividend payout ratio is presently 108.11%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on COF shares. Jefferies Financial Group upped their price objective on shares of Capital One Financial from $265.00 to $275.00 and gave the company a "buy" rating in a research note on Wednesday, December 10th. HSBC reduced their price target on Capital One Financial from $234.00 to $226.00 and set a "hold" rating on the stock in a report on Tuesday, January 20th. TD Cowen reiterated a "buy" rating on shares of Capital One Financial in a research report on Thursday, January 8th. Truist Financial reduced their target price on Capital One Financial from $290.00 to $275.00 and set a "buy" rating on the stock in a research note on Monday, January 26th. Finally, BTIG Research cut their price target on shares of Capital One Financial from $308.00 to $270.00 and set a "buy" rating on the stock in a report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $274.70.
Get Our Latest Report on COF
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Earned Wealth Advisors LLC purchased a new position in Capital One Financial in the second quarter valued at about $254,000. Cortland Associates Inc. MO purchased a new position in shares of Capital One Financial in the 3rd quarter worth approximately $14,391,000. CIBC Asset Management Inc grew its position in shares of Capital One Financial by 53.9% in the 2nd quarter. CIBC Asset Management Inc now owns 88,505 shares of the financial services provider's stock worth $18,830,000 after buying an additional 30,991 shares during the last quarter. Meridian Wealth Management LLC raised its stake in shares of Capital One Financial by 334.8% during the 3rd quarter. Meridian Wealth Management LLC now owns 9,404 shares of the financial services provider's stock worth $1,999,000 after acquiring an additional 7,241 shares in the last quarter. Finally, Montecito Bank & Trust purchased a new stake in Capital One Financial during the third quarter valued at approximately $647,000. Hedge funds and other institutional investors own 89.84% of the company's stock.
Capital One Financial Company Profile
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Get Free Report)
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.
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