Key Points
- CEO Richard Fairbank sold 90,743 Capital One shares at an average price of $202.86, generating approximately $18.4 million. The Rule 10b5-1 transaction reduced his direct holdings by 2.21%, leaving him with about 4.02 million shares.
- Capital One reported quarterly earnings of $6.69 per share, beating analyst expectations of $5.53, while revenue rose 6.4% year over year to $16.31 billion.
- Wall Street remains broadly positive, with 20 analysts rating the stock a Buy and four assigning a Hold rating. The consensus is “Moderate Buy”, with an average price target of $256.77.
Capital One Financial Corporation (NYSE:COF - Get Free Report) CEO Richard Fairbank sold 90,743 shares of the stock in a transaction that occurred on Tuesday, October 27th. The shares were sold at an average price of $202.86, for a total transaction of $18,408,124.98. Following the completion of the sale, the chief executive officer directly owned 4,018,520 shares of the company's stock, valued at $815,196,967.20. This trade represents a 2.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 $208.70 on Friday. The firm has a 50-day moving average of $204.82 and a two-hundred day moving average of $201.76. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market cap of $128.03 billion, a P/E ratio of 12.32, a PEG ratio of 0.94 and a beta of 1.04. Capital One Financial Corporation has a 1-year low of $174.24 and a 1-year high of $259.64.
Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $6.69 earnings per share 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 the consensus estimate of $16.25 billion. Capital One Financial had a net margin of 13.70% and a return on equity of 11.64%. The business's quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the company earned $5.95 earnings per share. On average, research analysts expect that Capital One Financial Corporation will post 21.45 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Capital One Financial
A number of institutional investors have recently added to or reduced their stakes in the company. Compass Wealth Management LLC bought a new position in Capital One Financial during the third quarter valued at about $25,000. Torren Management LLC grew its holdings in Capital One Financial by 114.8% during the third quarter. Torren Management LLC now owns 131 shares of the financial services provider's stock worth $25,000 after acquiring an additional 70 shares during the period. Solstein Capital LLC bought a new stake in Capital One Financial in the second quarter worth about $26,000. Ballast Advisors LLC bought a new stake in Capital One Financial in the first quarter worth about $27,000. Finally, Gilpin Wealth Management LLC bought a new stake in Capital One Financial in the third quarter worth about $27,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the company. HSBC upgraded Capital One Financial from a "hold" rating to a "buy" rating and increased their price target for the stock from $226.00 to $229.00 in a research report on Sunday, July 12th. UBS Group restated a "buy" rating on shares of Capital One Financial in a research report on Thursday, October 22nd. Morgan Stanley lowered their price objective on Capital One Financial from $273.00 to $267.00 and set an "overweight" rating for the company in a research note on Monday, October 12th. Piper Sandler increased their target price on Capital One Financial from $260.00 to $269.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 21st. Finally, Deutsche Bank Aktiengesellschaft set a $245.00 target price on Capital One Financial in a research note on Thursday, August 20th. Twenty equities research 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, Capital One Financial presently has an average rating of "Moderate Buy" and an average price target of $256.77.
View Our Latest Stock Report on Capital One Financial
Capital One Financial Company Profile
(
Get Free Report)
Capital One Financial Corporation is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company operates as a bank holding company through Capital One, N.A., providing financial products and services to consumers, small businesses and commercial customers.
Capital One is best known for its credit card business, which offers a range of consumer and business cards. Its other activities include consumer banking products such as checking and savings accounts, auto loans and retail banking services, as well as commercial banking services for businesses and institutions.
The company primarily serves customers in the United States through digital channels, branches and other distribution networks.
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