Capital One Financial Corporation (NYSE:COF - Get Free Report) Director Peter Raskind sold 1,681 shares of the firm's stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of $201.79, for a total transaction of $339,208.99. Following the transaction, the director directly owned 32,715 shares of the company's stock, valued at approximately $6,601,559.85. This trade represents a 4.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Capital One Financial Stock Down 1.6%
COF opened at $198.63 on Tuesday. The business's fifty day simple moving average is $203.26 and its 200 day simple moving average is $200.76. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.45. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week high of $259.64. The firm has a market cap of $119.48 billion, a P/E ratio of 9.93, a PEG ratio of 0.94 and a beta of 1.10.
Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $6.69 EPS for the quarter, beating the consensus estimate 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 firm's revenue was up 6.4% compared to the same quarter last year. During the same period last year, the company posted $5.95 earnings per share. As a group, equities research analysts anticipate that Capital One Financial Corporation will post 21.53 EPS for the current fiscal year.
Capital One Financial Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders 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 dividend yield of 1.6%. Capital One Financial's dividend payout ratio (DPR) is 18.89%.
Analysts Set New Price Targets
COF has been the topic of several recent research reports. Piper Sandler boosted their price target 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. Evercore restated an "outperform" rating and set a $230.00 price objective on shares of Capital One Financial in a research note on Tuesday, October 27th. Wolfe Research increased 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. TD Cowen raised their target price on Capital One Financial from $242.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, October 21st. Finally, Wall Street Zen downgraded shares of Capital One Financial from a "buy" rating to a "hold" rating in a report on Sunday, August 2nd. Twenty investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $256.50.
Get Our Latest Analysis on Capital One Financial
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. State Street Corp raised its holdings in shares of Capital One Financial by 107.9% in the 2nd quarter. State Street Corp now owns 57,278,732 shares of the financial services provider's stock worth $11,491,259,000 after purchasing an additional 29,724,829 shares in the last quarter. BlackRock Inc. boosted its holdings in Capital One Financial by 0.5% during the second quarter. BlackRock Inc. now owns 51,054,869 shares of the financial services provider's stock worth $10,242,628,000 after buying an additional 236,643 shares in the last quarter. Bank of America Corp DE bought a new stake in Capital One Financial during the second quarter worth approximately $1,435,311,000. Wellington Management Group LLP boosted its holdings in Capital One Financial by 36.2% during the second quarter. Wellington Management Group LLP now owns 7,108,112 shares of the financial services provider's stock worth $1,426,029,000 after buying an additional 1,887,497 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Capital One Financial by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 5,621,240 shares of the financial services provider's stock worth $1,127,733,000 after buying an additional 187,532 shares during the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.
Capital One Financial Company Profile
(
Get Free Report)
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
