7,938 Capital One Financial Corporation $COF Shares Sold by Legacy Financial Independent Advisors LLC

Key Points

• Legacy Financial Independent Advisors cut its Capital One stake by 68.9% in the third quarter, selling 7,938 shares and retaining 3,591 shares valued at about $693,000.
• Capital One reported quarterly EPS of $6.69, beating estimates of $5.53, while revenue rose 6.4% year over year to $16.31 billion.
• Analysts maintain a “Moderate Buy” consensus with a $256.50 average price target; meanwhile, company insiders sold 115,194 shares worth about $23.5 million over the past 90 days.

Legacy Financial Independent Advisors LLC lowered its holdings in Capital One Financial Corporation (NYSE:COF - Free Report) by 68.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,591 shares of the financial services provider's stock after selling 7,938 shares during the quarter. Legacy Financial Independent Advisors LLC's holdings in Capital One Financial were worth $693,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Krilogy Financial LLC raised its stake in shares of Capital One Financial by 69.0% during the 3rd quarter. Krilogy Financial LLC now owns 25,629 shares of the financial services provider's stock worth $4,948,000 after acquiring an additional 10,464 shares in the last quarter. Sculptor Capital LP purchased a new stake in Capital One Financial in the first quarter valued at about $33,932,000. Swiss National Bank raised its stake in Capital One Financial by 6.5% in the first quarter. Swiss National Bank now owns 1,865,716 shares of the financial services provider's stock valued at $340,363,000 after buying an additional 113,200 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of Capital One Financial during the second quarter worth about $73,364,000. Finally, Professional Financial Advisors LLC grew its position in Capital One Financial by 645.8% during the 2nd quarter. Professional Financial Advisors LLC now owns 9,710 shares of the financial services provider's stock worth $1,948,000 after purchasing an additional 8,408 shares during the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Capital One Financial

In other news, CEO Richard D. Fairbank sold 90,743 shares of Capital One Financial stock in a transaction that occurred on Tuesday, October 27th. The stock was sold at an average price of $202.86, for a total value of $18,408,124.98. Following the sale, the chief executive officer directly owned 4,018,520 shares of the company's stock, valued at $815,196,967.20. The trade was a 2.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the business's stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $196.22, for a total value of $686,770.00. Following the sale, the general counsel owned 79,694 shares of the company's stock, valued at $15,637,556.68. The trade was a 4.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 115,194 shares of company stock valued at $23,546,209. 0.78% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on COF shares. TD Cowen raised their price target on shares of Capital One Financial from $242.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, October 21st. Wolfe Research boosted their price objective on shares of Capital One Financial from $255.00 to $275.00 and gave the company an "outperform" rating in a report on Tuesday, August 25th. Barclays boosted their price objective on shares of Capital One Financial from $237.00 to $238.00 and gave the company an "overweight" rating in a report on Wednesday, October 21st. Morgan Stanley cut their target price on Capital One Financial from $273.00 to $267.00 and set an "overweight" rating on the stock in a research report on Monday, October 12th. Finally, Citigroup raised their target price on Capital One Financial from $280.00 to $285.00 and gave the stock a "buy" rating in a research note on Wednesday, October 21st. Twenty research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $256.50.

Capital One Financial Stock Down 1.2%

Shares of COF opened at $203.91 on Friday. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week high of $259.64. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $122.66 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 0.94 and a beta of 1.10. The stock's 50-day moving average price is $203.90 and its 200-day moving average price is $201.06.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $6.69 earnings per share for the quarter, beating analysts' consensus estimates of $5.53 by $1.16. The company had revenue of $16.31 billion during the quarter, compared to analysts' expectations of $16.25 billion. Capital One Financial had a net margin of 13.70% and a return on equity of 11.64%. The firm's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $5.95 earnings per share. On average, sell-side analysts predict that Capital One Financial Corporation will post 21.53 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Monday, November 16th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.6%. Capital One Financial's dividend payout ratio is presently 18.89%.

Capital One Financial Company Profile

Capital One Financial Corporation is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company operates as a bank holding company through Capital One, N.A., providing financial products and services to consumers, small businesses and commercial customers.

Capital One is best known for its credit card business, which offers a range of consumer and business cards. Its other activities include consumer banking products such as checking and savings accounts, auto loans and retail banking services, as well as commercial banking services for businesses and institutions.

The company primarily serves customers in the United States through digital channels, branches and other distribution networks.

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