Key Points
- Capital One CEO Richard Fairbank sold 90,743 shares for about $18.6 million at an average price of $204.86. The sale was made under a pre-arranged Rule 10b5-1 plan; he retained roughly 3.97 million shares.
- Capital One reported quarterly EPS of $6.69, beating the $5.53 consensus, while revenue reached $16.31 billion, up 6.4% year over year.
- Analysts’ consensus rating was “Moderate Buy,” with an average price target of $256.50. The company also announced a quarterly dividend of $0.80 per share, equivalent to a 1.6% yield.
Capital One Financial Corporation (NYSE:COF - Get Free Report) 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 transaction of $18,589,610.98. Following the completion of the transaction, the chief executive officer directly owned 3,968,520 shares of the company's stock, valued at approximately $812,991,007.20. The trade was a 2.24% decrease in their ownership of the stock. 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.
Capital One Financial Stock Performance
COF opened at $202.03 on Friday. The firm's 50-day moving average price is $203.60 and its 200-day moving average price is $200.92. 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 company 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. Capital One Financial Corporation has a 52-week low of $174.24 and a 52-week high of $259.64.
Capital One Financial (NYSE:COF - Get Free Report) last announced its earnings results on Tuesday, October 20th. The financial services provider reported $6.69 earnings per share for the quarter, beating the consensus estimate of $5.53 by $1.16. Capital One Financial had a net margin of 13.70% and a return on equity of 11.64%. The firm had revenue of $16.31 billion during the quarter, compared to the consensus estimate of $16.25 billion. During the same quarter in the previous year, the company posted $5.95 EPS. The firm's revenue for the quarter was up 6.4% on a year-over-year basis. As a group, equities analysts anticipate that Capital One Financial Corporation will post 21.53 EPS for the current fiscal year.
Capital One Financial Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Monday, November 16th will be issued a $0.80 dividend. The ex-dividend date is Monday, November 16th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.6%. Capital One Financial's payout ratio is 18.89%.
Institutional Trading of Capital One Financial
Several large investors have recently modified their holdings of the business. Compass Wealth Management LLC purchased a new position in shares of Capital One Financial during the third quarter valued at $25,000. Solstein Capital LLC bought a new position in shares of Capital One Financial during the second quarter valued at approximately $26,000. Torren Management LLC boosted its position in shares of Capital One Financial by 114.8% during the 3rd quarter. Torren Management LLC now owns 131 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 70 shares during the last quarter. Gilpin Wealth Management LLC acquired a new stake in Capital One Financial during the 3rd quarter worth about $27,000. Finally, Ballast Advisors LLC acquired a new position in shares of Capital One Financial in the first quarter valued at approximately $27,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on COF. Wolfe Research lifted their target price on Capital One Financial from $255.00 to $275.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 25th. BMO Capital Markets lifted their target price on Capital One Financial from $219.00 to $225.00 and gave the company a "market perform" rating in a research note on Wednesday, October 21st. Deutsche Bank Aktiengesellschaft set a $245.00 target price on shares of Capital One Financial in a research note on Thursday, August 20th. JPMorgan Chase & Co. lifted their price objective on Capital One Financial from $227.00 to $241.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 21st. Finally, Morgan Stanley lowered their price target on Capital One Financial from $273.00 to $267.00 and set an "overweight" rating on the stock in a report on Monday, October 12th. Twenty research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $256.50.
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