Capital One Financial (NYSE:COF) Director Peter Raskind Sells 1,681 Shares of Company Stock

Key Points

• Capital One director Peter Raskind sold 1,681 shares for about $339,209 under a pre-arranged Rule 10b5-1 plan, reducing his stake by 4.89% to 32,715 shares.
• Capital One reported quarterly EPS of $6.69, beating the $5.53 consensus; revenue rose 6.4% year over year to $16.31 billion.
• The company declared a quarterly dividend of $0.80 per share, or $3.20 annualized, representing a 1.6% yield. Wall Street analysts’ consensus rating is “Moderate Buy,” with a $256.50 price target.

Capital One Financial Corporation (NYSE:COF - Get Free Report) Director Peter Raskind sold 1,681 shares of the stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $201.79, for a total transaction of $339,208.99. Following the completion of the transaction, the director directly owned 32,715 shares of the company's stock, valued at $6,601,559.85. This trade represents a 4.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Capital One Financial Price Performance

Shares of COF traded down $3.24 during mid-day trading on Monday, reaching $198.63. The company had a trading volume of 7,104,431 shares, compared to its average volume of 4,642,821. The company's 50 day simple moving average is $203.60 and its 200 day simple moving average is $200.92. Capital One Financial Corporation has a 1-year low of $174.24 and a 1-year high of $259.64. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $119.48 billion, a price-to-earnings ratio of 11.73, a P/E/G ratio of 0.92 and a beta of 1.10.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $6.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.53 by $1.16. The company had revenue of $16.31 billion for the quarter, compared to analyst estimates 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 was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm posted $5.95 EPS. Analysts expect that Capital One Financial Corporation will post 21.53 EPS for the current year.

Capital One Financial Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in COF. State Street Corp lifted its position in shares of Capital One Financial by 107.9% in the 2nd quarter. State Street Corp now owns 57,278,732 shares of the financial services provider's stock worth $11,491,259,000 after purchasing an additional 29,724,829 shares during the period. BlackRock Inc. raised its position in shares of Capital One Financial by 0.5% in the 2nd quarter. BlackRock Inc. now owns 51,054,869 shares of the financial services provider's stock worth $10,242,628,000 after acquiring an additional 236,643 shares in the last quarter. Bank of America Corp DE purchased a new position in shares of Capital One Financial in the 2nd quarter valued at approximately $1,435,311,000. Wellington Management Group LLP lifted its stake in shares of Capital One Financial by 36.2% in the 2nd quarter. Wellington Management Group LLP now owns 7,108,112 shares of the financial services provider's stock valued at $1,426,029,000 after purchasing an additional 1,887,497 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Capital One Financial by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 5,621,240 shares of the financial services provider's stock valued at $1,127,733,000 after purchasing an additional 187,532 shares in the last quarter. Institutional investors own 89.84% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on COF shares. Deutsche Bank Aktiengesellschaft set a $245.00 price target on shares of Capital One Financial in a report on Thursday, August 20th. Wolfe Research increased their price target on Capital One Financial from $255.00 to $275.00 and gave the company an "outperform" rating in a research note on Tuesday, August 25th. HSBC raised Capital One Financial from a "hold" rating to a "buy" rating and raised their price objective for the company from $226.00 to $229.00 in a report on Sunday, July 12th. Morgan Stanley reduced their price objective 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, Evercore restated an "outperform" rating and set a $230.00 price objective on shares of Capital One Financial in a research report on Tuesday, October 27th. 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 MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $256.50.

About Capital One Financial

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