Capital One Financial Corp. (COF) Insider Sells $7,889,370.00 in Stock
Capital One Financial Corp. (NYSE:COF) insider Frank G. LapradeIii sold 83,046 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $95.00, for a total value of $7,889,370.00. Following the sale, the insider now directly owns 97,346 shares of the company’s stock, valued at approximately $9,247,870. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Capital One Financial Corp. (COF) traded up $2.25 during midday trading on Monday, hitting $96.31. The stock had a trading volume of 4,266,600 shares, compared to its average volume of 2,597,271. Capital One Financial Corp. has a 52 week low of $76.05 and a 52 week high of $97.31. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.07 and a quick ratio of 1.06. The stock has a market capitalization of $46,659.03, a P/E ratio of 12.70, a price-to-earnings-growth ratio of 1.44 and a beta of 1.28.
Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, October 24th. The financial services provider reported $2.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.15 by $0.27. Capital One Financial had a return on equity of 8.25% and a net margin of 13.34%. The company had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $6.81 billion. During the same quarter in the prior year, the business earned $2.03 earnings per share. The company’s revenue was up 8.1% compared to the same quarter last year. sell-side analysts expect that Capital One Financial Corp. will post 7.97 earnings per share for the current fiscal year.
A number of research firms have issued reports on COF. Bank of America raised Capital One Financial from a “neutral” rating to a “buy” rating and set a $91.00 price target for the company in a research report on Monday. Piper Jaffray Companies raised Capital One Financial from an “underweight” rating to a “neutral” rating and set a $81.00 price target for the company in a research report on Monday. Wedbush set a $95.00 price target on Capital One Financial and gave the company a “hold” rating in a research report on Monday, December 11th. Zacks Investment Research downgraded Capital One Financial from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Finally, BMO Capital Markets boosted their price target on Capital One Financial from $116.00 to $118.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $96.24.
Several hedge funds and other institutional investors have recently modified their holdings of COF. South State Corp boosted its holdings in Capital One Financial by 9.2% in the second quarter. South State Corp now owns 65,457 shares of the financial services provider’s stock valued at $5,408,000 after purchasing an additional 5,510 shares during the last quarter. Bank of Nova Scotia boosted its holdings in Capital One Financial by 70.8% in the second quarter. Bank of Nova Scotia now owns 187,907 shares of the financial services provider’s stock valued at $15,525,000 after purchasing an additional 77,861 shares during the last quarter. Quantbot Technologies LP purchased a new position in Capital One Financial in the third quarter valued at about $1,635,000. Norinchukin Bank The boosted its holdings in Capital One Financial by 9.5% in the third quarter. Norinchukin Bank The now owns 43,270 shares of the financial services provider’s stock valued at $3,663,000 after purchasing an additional 3,743 shares during the last quarter. Finally, CNA Financial Corp boosted its holdings in Capital One Financial by 20.6% in the second quarter. CNA Financial Corp now owns 31,827 shares of the financial services provider’s stock valued at $2,630,000 after purchasing an additional 5,427 shares during the last quarter. 88.43% of the stock is owned by institutional investors.
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Capital One Financial Company Profile
Capital One Financial Corporation is a diversified financial services holding company. The Company, along with its subsidiaries, offers a range of financial products and services to consumers, small businesses and commercial clients through branches, the Internet and other distribution channels. The Company’s segments include Credit Card, Consumer Banking, Commercial Banking and Other.
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