Capital One Financial (NYSE:COF) General Counsel Matthew Cooper Sells 2,000 Shares

Key Points

• Matthew Cooper, General Counsel of Capital One Financial, sold 2,000 shares at an average price of $223.40, totaling $446,800, which decreased his ownership by 1.95%.
• Capital One reported earnings of $5.48 EPS, significantly beating analysts' estimates of $1.93, while revenues reached $12.49 billion and increased by 31.4% year-over-year.
• The firm recently announced a quarterly dividend of $0.60 per share, with a yield of 1.1% and a payout ratio of 123.08%.

Capital One Financial Corporation (NYSE:COF) General Counsel Matthew Cooper sold 2,000 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $223.40, for a total transaction of $446,800.00. Following the sale, the general counsel directly owned 100,486 shares in the company, valued at $22,448,572.40. This trade represents a 1.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Capital One Financial Stock Performance

NYSE COF traded down $2.28 on Wednesday, reaching $220.99. 3,012,625 shares of the company's stock traded hands, compared to its average volume of 4,361,090. The firm has a market cap of $141.33 billion, a price-to-earnings ratio of 113.33, a P/E/G ratio of 0.89 and a beta of 1.17. The stock has a 50 day moving average price of $216.61 and a 200-day moving average price of $195.30. Capital One Financial Corporation has a fifty-two week low of $131.55 and a fifty-two week high of $232.45. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02.

Capital One Financial (NYSE:COF - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. The company's revenue for the quarter was up 31.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.14 earnings per share. Equities research analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were given a dividend of $0.60 per share. The ex-dividend date was Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. Capital One Financial's payout ratio is currently 123.08%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Kingstone Capital Partners Texas LLC raised its position in shares of Capital One Financial by 588,668.3% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider's stock worth $24,988,129,000 after purchasing an additional 117,427,549 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Capital One Financial by 74.8% during the 2nd quarter. Vanguard Group Inc. now owns 56,380,913 shares of the financial services provider's stock worth $11,995,603,000 after purchasing an additional 24,129,990 shares during the last quarter. State Street Corp raised its position in shares of Capital One Financial by 63.4% during the 2nd quarter. State Street Corp now owns 27,780,128 shares of the financial services provider's stock worth $5,910,500,000 after purchasing an additional 10,776,843 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Capital One Financial by 64.1% during the 2nd quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider's stock worth $2,970,628,000 after purchasing an additional 5,474,328 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Capital One Financial during the 2nd quarter worth about $1,701,511,000. Institutional investors and hedge funds own 89.84% of the company's stock.

Wall Street Analysts Forecast Growth

COF has been the subject of a number of research reports. Citigroup boosted their target price on shares of Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Redburn Atlantic upgraded shares of Capital One Financial to a "strong-buy" rating in a research report on Friday, August 1st. Bank of America upped their price objective on shares of Capital One Financial from $223.00 to $233.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Wells Fargo & Company upped their price objective on shares of Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Finally, Barclays reiterated an "overweight" rating and issued a $253.00 price objective (up previously from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $238.81.

About Capital One Financial

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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