Insider Selling: Capital One Financial Corp. Insider Sells 10,000 Shares of Stock (COF)
Capital One Financial Corp. (NYSE:COF) Insider John G. Finneran, Jr. unloaded 10,000 shares of the stock on the open market in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $79.52, for a total value of $795,200.00. Following the completion of the sale, the insider now directly owns 100,347 shares of the company’s stock, valued at approximately $7,979,593. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on COF shares. Analysts at Zacks reiterated a “neutral” rating on shares of Capital One Financial Corp. in a research note on Friday, July 18th. They now have a $87.00 price target on the stock. Separately, analysts at Janney Montgomery Scott raised their price target on shares of Capital One Financial Corp. from $82.00 to $86.00 in a research note on Friday, July 18th. Finally, analysts at Barclays raised their price target on shares of Capital One Financial Corp. from $86.00 to $93.00 in a research note on Friday, July 18th. They now have an “overweight” rating on the stock. Five research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $87.36.
Shares of Capital One Financial Corp. (NYSE:COF) traded down 0.61% on Friday, hitting $79.30. 2,364,873 shares of the company’s stock traded hands. Capital One Financial Corp. has a 52-week low of $63.65 and a 52-week high of $85.39. The stock’s 50-day moving average is $81.69 and its 200-day moving average is $77.04. The company has a market cap of $45.003 billion and a price-to-earnings ratio of 10.89.
Capital One Financial Corp. (NYSE:COF) last posted its quarterly earnings results on Thursday, July 17th. The company reported $2.04 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.81 by $0.23. The company had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.42 billion. During the same quarter last year, the company posted $1.87 earnings per share. Capital One Financial Corp.’s revenue was down 1.4% compared to the same quarter last year. On average, analysts predict that Capital One Financial Corp. will post $7.62 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 21st. Stockholders of record on Monday, August 11th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Thursday, August 7th.
Capital One Financial Corporation is a diversified financial services holding company with banking and non-banking subsidiaries.
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