Insider Selling: Capital One Financial (NYSE:COF) Insider Sells 17,840 Shares of Stock

by · The Cerbat Gem

Capital One Financial Corporation (NYSE:COF) insider Frank LapradeIii sold 17,840 shares of Capital One Financial stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $222.03, for a total transaction of $3,961,015.20. Following the sale, the insider directly owned 48,315 shares in the company, valued at $10,727,379.45. This trade represents a 26.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Capital One Financial Stock Down 4.6%

NYSE:COF traded down $9.80 on Monday, reaching $201.35. The stock had a trading volume of 7,101,311 shares, compared to its average volume of 4,183,356. The company has a 50-day moving average of $218.70 and a 200 day moving average of $211.18. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.45. The stock has a market cap of $128.01 billion, a P/E ratio of 84.96, a price-to-earnings-growth ratio of 0.70 and a beta of 1.19. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $232.45.

Capital One Financial (NYSE:COF – Get Free Report) last announced its earnings results on Monday, November 3rd. The financial services provider reported $5.95 earnings per share (EPS) for the quarter. The business had revenue of $15.46 billion for the quarter. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%. On average, research analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be paid a dividend of $0.80 per share. This is an increase from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date is Monday, November 17th. This represents a $3.20 annualized dividend and a dividend yield of 1.6%. Capital One Financial’s dividend payout ratio (DPR) is currently 135.02%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Capital One Financial from $235.00 to $237.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Morgan Stanley boosted their target price on shares of Capital One Financial from $267.00 to $272.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Wolfe Research upped their target price on shares of Capital One Financial from $260.00 to $262.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Zacks Research upgraded Capital One Financial from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. Finally, Wall Street Zen raised Capital One Financial from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $261.63.

Get Our Latest Research Report on COF

Institutional Investors Weigh In On Capital One Financial

Institutional investors have recently modified their holdings of the business. Steadfast Capital Management LP bought a new position in Capital One Financial in the third quarter worth about $22,002,000. Polymer Capital Management US LLC grew its holdings in shares of Capital One Financial by 118.9% during the third quarter. Polymer Capital Management US LLC now owns 12,444 shares of the financial services provider’s stock valued at $2,645,000 after purchasing an additional 6,759 shares during the last quarter. Prosperity Consulting Group LLC raised its position in shares of Capital One Financial by 3.2% during the 3rd quarter. Prosperity Consulting Group LLC now owns 7,021 shares of the financial services provider’s stock worth $1,493,000 after purchasing an additional 219 shares during the period. Quarry LP bought a new stake in shares of Capital One Financial in the 3rd quarter worth approximately $315,000. Finally, Prelude Capital Management LLC boosted its position in Capital One Financial by 178.5% during the 3rd quarter. Prelude Capital Management LLC now owns 2,977 shares of the financial services provider’s stock valued at $633,000 after purchasing an additional 1,908 shares during the period. Institutional investors own 89.84% of the company’s stock.

About Capital One Financial

(Get Free Report)

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

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