Capital One Financial (NYSE:COF) CEO Richard Fairbank Sells 90,743 Shares of Stock

Key Points

• CEO Richard Fairbank sold 90,743 Capital One shares at an average price of $202.86, generating approximately $18.4 million. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan, leaving him with 4.02 million shares.
• Capital One reported quarterly earnings of $6.69 per share, beating estimates of $5.53, while revenue rose 6.4% year over year to $16.31 billion.
• Analysts maintain a favorable outlook, with 20 Buy ratings and four Holds, an overall “Moderate Buy” consensus, and an average price target of $256.77.

Capital One Financial Corporation (NYSE:COF - Get Free Report) CEO Richard Fairbank sold 90,743 shares of the business's stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $202.86, for a total transaction of $18,408,124.98. Following the sale, the chief executive officer directly owned 4,018,520 shares in the company, valued at $815,196,967.20. The trade was a 2.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Capital One Financial Trading Up 1.9%

NYSE COF traded up $3.82 during trading on Thursday, hitting $208.70. 3,759,962 shares of the company's stock traded hands, compared to its average volume of 4,618,213. The stock has a fifty day moving average of $205.06 and a two-hundred day moving average of $201.96. Capital One Financial Corporation has a 12-month low of $174.24 and a 12-month high of $259.64. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market cap of $128.03 billion, a P/E ratio of 12.32, a PEG ratio of 0.93 and a beta of 1.04.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $6.69 earnings per share for the quarter, topping the consensus estimate of $5.53 by $1.16. The company had revenue of $16.31 billion for the quarter, compared to analysts' expectations of $16.25 billion. Capital One Financial had a return on equity of 11.64% and a net margin of 13.70%. The firm's revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $5.95 earnings per share. As a group, sell-side analysts expect that Capital One Financial Corporation will post 21.28 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Wolfe Research upped their target price on Capital One Financial from $255.00 to $275.00 and gave the stock an "outperform" rating in a report on Tuesday, August 25th. Deutsche Bank Aktiengesellschaft set a $245.00 price objective on Capital One Financial in a research report on Thursday, August 20th. HSBC upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating and upped their price objective for the stock from $226.00 to $229.00 in a research report on Sunday, July 12th. Weiss Ratings raised Capital One Financial from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, October 21st. Finally, TD Cowen boosted their price objective on shares of Capital One Financial from $242.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, October 21st. Twenty investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $256.77.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of COF. Compass Wealth Management LLC acquired a new position in Capital One Financial in the 3rd quarter valued at approximately $25,000. Solstein Capital LLC bought a new position in Capital One Financial in the 2nd quarter valued at $26,000. Ballast Advisors LLC bought a new position in shares of Capital One Financial in the 1st quarter worth $27,000. Gilpin Wealth Management LLC purchased a new stake in shares of Capital One Financial in the 3rd quarter valued at $27,000. Finally, Frazier Financial Advisors LLC purchased a new stake in Capital One Financial during the 1st quarter valued at $29,000. 89.84% of the stock is owned by institutional investors and hedge funds.

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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