Michael Zamsky Sells 5,515 Shares of Capital One Financial Corporation (NYSE:COF) Stock

Key Points

• Michael Zamsky, an insider at Capital One Financial, sold 5,515 shares of the company stock at an average price of $209.59, totaling approximately $1.16 million, reducing their ownership by 16.77%.
• The company reported an EPS of $5.48 for the last quarter, exceeding estimates by $3.55, with revenue increasing 31.4% year-over-year, amounting to $12.49 billion.
• Capital One declared a quarterly dividend of $0.60 per share, with an ex-dividend date of August 15, offering investors a 1.1% dividend yield.

Capital One Financial Corporation (NYSE:COF) insider Michael Zamsky sold 5,515 shares of the firm's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the completion of the transaction, the insider directly owned 27,364 shares in the company, valued at approximately $5,735,220.76. This represents a 16.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Michael Zamsky also recently made the following trade(s):

• On Monday, May 12th, Michael Zamsky sold 9,560 shares of Capital One Financial stock. The stock was sold at an average price of $199.40, for a total transaction of $1,906,264.00.

Capital One Financial Trading Up 0.4%

Shares of Capital One Financial stock traded up $0.83 during trading on Wednesday, hitting $212.83. The stock had a trading volume of 3,185,866 shares, compared to its average volume of 4,065,449. The stock has a 50 day simple moving average of $207.83 and a 200 day simple moving average of $192.93. Capital One Financial Corporation has a 1 year low of $131.55 and a 1 year high of $232.45. The company has a market capitalization of $81.54 billion, a PE ratio of 109.14, a P/E/G ratio of 0.83 and a beta of 1.16. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47.

Capital One Financial (NYSE:COF - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping the consensus estimate of $1.93 by $3.55. The business had revenue of $12.49 billion during the quarter, compared to the consensus estimate of $12.72 billion. The business's revenue was up 31.4% on a year-over-year basis. During the same period in the prior year, the firm earned $3.14 earnings per share. On average, research analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, August 15th. Capital One Financial's dividend payout ratio is currently 123.08%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on COF. Redburn Atlantic raised shares of Capital One Financial to a "strong-buy" rating in a report on Friday, August 1st. Truist Financial raised their price target on shares of Capital One Financial from $225.00 to $260.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Wells Fargo & Company raised their price target on shares of Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. TD Cowen upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating and raised their price target for the stock from $184.00 to $258.00 in a research report on Tuesday, July 8th. Finally, Citigroup raised their price target on shares of Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $238.81.

Institutional Trading of Capital One Financial

Large investors have recently modified their holdings of the company. WPG Advisers LLC bought a new stake in shares of Capital One Financial during the 1st quarter worth $25,000. Moisand Fitzgerald Tamayo LLC raised its stake in Capital One Financial by 103.3% during the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 62 shares during the last quarter. Olistico Wealth LLC raised its stake in Capital One Financial by 439.1% during the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 101 shares during the last quarter. Saudi Central Bank acquired a new position in Capital One Financial during the 1st quarter valued at $27,000. Finally, RMG Wealth Management LLC acquired a new position in Capital One Financial during the 2nd quarter valued at $27,000. 89.84% of the stock is owned by institutional investors.

About Capital One Financial

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

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