Matthew Cooper Sells 3,500 Shares of Capital One Financial (NYSE:COF) Stock

Key Points

• Capital One General Counsel Matthew Cooper sold 3,500 shares at an average price of $214.10, reducing his stake by 4.04% to 83,194 shares. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
• Capital One reported quarterly earnings of $5.81 per share, beating estimates by $1.02, while revenue rose 26.9% year over year to $15.83 billion.
• Analysts maintain a favorable outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $258.91; the company also pays a $0.80 quarterly dividend, yielding about 1.5%.

Capital One Financial Corporation (NYSE:COF) General Counsel Matthew Cooper sold 3,500 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $214.10, for a total value of $749,350.00. Following the sale, the general counsel owned 83,194 shares of the company's stock, valued at approximately $17,811,835.40. The trade was a 4.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Capital One Financial Stock Performance

NYSE COF traded up $5.35 during trading on Wednesday, hitting $216.69. The company's stock had a trading volume of 4,044,162 shares, compared to its average volume of 4,824,401. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39. The firm has a 50 day moving average price of $210.86 and a 200 day moving average price of $197.76. The firm has a market cap of $132.93 billion, a P/E ratio of 13.41, a price-to-earnings-growth ratio of 0.79 and a beta of 1.02. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week 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 for the quarter, beating the consensus estimate of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The company had revenue of $15.83 billion during the quarter, compared to analysts' expectations of $15.76 billion. During the same period in the prior year, the business earned $5.48 earnings per share. Capital One Financial's revenue for the quarter was up 26.9% compared to the same quarter last year. Equities research analysts forecast that Capital One Financial Corporation will post 20.29 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.5%. The ex-dividend date was Monday, August 17th. Capital One Financial's dividend payout ratio (DPR) is currently 19.80%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System raised its holdings in shares of Capital One Financial by 18,518.3% in the 2nd quarter. California State Teachers Retirement System now owns 172,667,214 shares of the financial services provider's stock worth $34,640,496,000 after buying an additional 171,739,810 shares in the last quarter. BlackRock Inc. grew its position in Capital One Financial by 0.5% in the second quarter. BlackRock Inc. now owns 51,054,869 shares of the financial services provider's stock valued at $10,242,628,000 after acquiring an additional 236,643 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Capital One Financial by 5.4% during the fourth quarter. Franklin Resources Inc. now owns 12,476,462 shares of the financial services provider's stock valued at $3,023,795,000 after acquiring an additional 638,158 shares during the period. Morgan Stanley boosted its stake in shares of Capital One Financial by 3.9% in the 4th quarter. Morgan Stanley now owns 8,677,981 shares of the financial services provider's stock valued at $2,103,196,000 after purchasing an additional 323,350 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Capital One Financial in the 4th quarter valued at $2,089,803,000. Institutional investors own 89.84% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on COF shares. HSBC raised shares of Capital One Financial from a "hold" rating to a "buy" rating and upped their price objective for the company from $226.00 to $229.00 in a research report on Sunday, July 12th. Wolfe Research boosted 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. Bank of America cut their price target on Capital One Financial from $234.00 to $231.00 and set a "buy" rating for the company in a report on Thursday, July 9th. BTIG Research lifted their price objective on Capital One Financial from $224.00 to $259.00 and gave the stock a "buy" rating in a report on Tuesday, June 30th. Finally, TD Cowen lowered their price objective on Capital One Financial from $260.00 to $253.00 and set a "buy" rating on the stock in a research report on Tuesday, July 7th. Twenty-one equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $258.91.

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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