Capital One Financial (NYSE:COF) Insider Michael Zamsky Sells 5,473 Shares

Key Points

• Insider sale: Michael Zamsky sold 5,473 Capital One shares at an average price of $218.02, totaling approximately $1.19 million. His remaining direct ownership fell 16.35% to 27,992 shares.
• Quarterly performance: Capital One reported adjusted earnings of $5.81 per share, beating estimates by $1.02, while revenue rose 26.9% year over year to $15.83 billion.
• Dividend and analyst outlook: The company declared a quarterly dividend of $0.80 per share, equivalent to a 1.5% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $259.36.

Capital One Financial Corporation (NYSE:COF) insider Michael Zamsky sold 5,473 shares of the company's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $218.02, for a total transaction of $1,193,223.46. Following the sale, the insider directly owned 27,992 shares of the company's stock, valued at approximately $6,102,815.84. This represents a 16.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Capital One Financial Stock Performance

NYSE:COF traded up $0.03 during mid-day trading on Tuesday, hitting $219.00. 1,768,500 shares of the company's stock traded hands, compared to its average volume of 5,003,458. The firm has a market capitalization of $134.35 billion, a price-to-earnings ratio of 13.55, a price-to-earnings-growth ratio of 0.80 and a beta of 1.02. The firm has a 50 day moving average of $201.60 and a two-hundred day moving average of $198.14. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39. Capital One Financial Corporation has a 12 month low of $174.24 and a 12 month high of $259.64.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.79 by $1.02. The company had revenue of $15.83 billion for the quarter, compared to the consensus estimate of $15.76 billion. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The business's revenue was up 26.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.48 EPS. On average, equities analysts forecast that Capital One Financial Corporation will post 20.19 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be paid a $0.80 dividend. The ex-dividend date is Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. Capital One Financial's payout ratio is 19.80%.

Analysts Set New Price Targets

COF has been the topic of several research reports. Rothschild & Co Redburn reduced their price target on shares of Capital One Financial from $290.00 to $275.00 and set a "buy" rating on the stock in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Capital One Financial from $256.00 to $250.00 and set a "hold" rating for the company in a research report on Wednesday, April 22nd. UBS Group boosted their target price on shares of Capital One Financial from $275.00 to $280.00 and gave the stock a "buy" rating in a research note on Monday, August 3rd. Argus reduced their target price on shares of Capital One Financial from $260.00 to $250.00 and set a "buy" rating on the stock in a research report on Thursday, April 23rd. Finally, Wall Street Zen lowered shares of Capital One Financial from a "buy" rating to a "hold" rating in a report on Sunday, August 2nd. Twenty equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $259.36.

Hedge Funds Weigh In On Capital One Financial

Several hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in shares of Capital One Financial by 330.1% during the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider's stock worth $2,423,000 after buying an additional 10,428 shares during the period. Intech Investment Management LLC lifted its holdings in Capital One Financial by 44.3% in the first quarter. Intech Investment Management LLC now owns 8,968 shares of the financial services provider's stock valued at $1,608,000 after buying an additional 2,753 shares during the period. Sivia Capital Partners LLC boosted its stake in Capital One Financial by 118.3% in the second quarter. Sivia Capital Partners LLC now owns 3,300 shares of the financial services provider's stock valued at $702,000 after acquiring an additional 1,788 shares during the last quarter. Flow Traders U.S. LLC acquired a new stake in Capital One Financial during the 2nd quarter worth $218,000. Finally, Jump Financial LLC bought a new stake in shares of Capital One Financial during the 2nd quarter valued at $1,086,000. Institutional investors own 89.84% of the company's stock.

Capital One Financial Company Profile

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.

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