Matthew Cooper Sells 3,500 Shares of Capital One Financial (NYSE:COF) Stock

Capital One Financial Corporation (NYSE:COF) General Counsel Matthew Cooper sold 3,500 shares of the stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $208.00, for a total transaction of $728,000.00. Following the transaction, the general counsel owned 90,194 shares in the company, valued at approximately $18,760,352. The trade was a 3.74% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 Price Performance

COF opened at $199.85 on Friday. Capital One Financial Corporation has a 1 year low of $174.24 and a 1 year high of $259.64. The company’s 50 day simple moving average is $191.65 and its 200 day simple moving average is $203.41. The stock has a market capitalization of $124.36 billion, a PE ratio of 70.12, a P/E/G ratio of 0.69 and a beta of 1.02. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.03.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $4.42 EPS for the quarter, missing the consensus estimate of $5.08 by ($0.66). The company had revenue of $15.23 billion for the quarter, compared to analyst estimates of $15.68 billion. Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.The business’s revenue for the quarter was up 52.3% on a year-over-year basis. During the same period last year, the company posted $4.06 EPS. As a group, sell-side analysts expect that Capital One Financial Corporation will post 19.5 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $3.20 annualized dividend and a dividend yield of 1.6%. Capital One Financial’s payout ratio is currently 112.28%.

Wall Street Analysts Forecast Growth

COF has been the topic of several research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Capital One Financial in a research report on Wednesday, June 24th. Wells Fargo & Company dropped their price target on Capital One Financial from $280.00 to $260.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Barclays set a $242.00 price objective on Capital One Financial in a report on Tuesday. Piper Sandler began coverage on Capital One Financial in a research note on Monday, June 29th. They issued an “overweight” rating and a $254.00 price objective on the stock. Finally, UBS Group boosted their target price on Capital One Financial from $270.00 to $275.00 and gave the stock a “buy” rating in a report on Tuesday. Nineteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Capital One Financial currently has an average rating of “Moderate Buy” and an average price target of $258.41.

Hedge Funds Weigh In On Capital One Financial

Hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank purchased a new position in Capital One Financial in the fourth quarter valued at about $2,089,803,000. Capital International Investors boosted its position in shares of Capital One Financial by 107.9% in the third quarter. Capital International Investors now owns 4,040,408 shares of the financial services provider’s stock worth $859,602,000 after buying an additional 2,097,208 shares during the period. Viking Global Investors LP grew its stake in shares of Capital One Financial by 30.3% in the third quarter. Viking Global Investors LP now owns 7,388,506 shares of the financial services provider’s stock valued at $1,570,649,000 after buying an additional 1,717,148 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Capital One Financial by 7,143.2% in the fourth quarter. Bessemer Group Inc. now owns 1,448,126 shares of the financial services provider’s stock valued at $350,966,000 after buying an additional 1,428,133 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Capital One Financial by 12.8% during the 3rd quarter. Franklin Resources Inc. now owns 11,838,304 shares of the financial services provider’s stock valued at $2,516,587,000 after buying an additional 1,339,215 shares during the period. Institutional investors and hedge funds own 89.84% of the company’s stock.

About Capital One Financial

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.