Insider Selling: Capital One Financial Corporation (NYSE:COF) CAO Sells 3,462 Shares of Stock

Key Points

• Timothy P. Golden, the Chief Accounting Officer of Capital One Financial Corporation, sold 3,462 shares of the company at an average price of $210.28, reducing his position by 27.81% to 8,987 shares.
• Capital One reported a quarterly earnings per share of $5.48, significantly exceeding expectations, and announced a $0.60 quarterly dividend to be paid on September 2nd, reflecting a 1.1% yield.
• Analysts have given mixed ratings with Citigroup setting a new target price of $275.00 and others raising their recommendations, while maintaining an average target price of $238.81 for the stock.

Capital One Financial Corporation (NYSE:COF) CAO Timothy P. Golden sold 3,462 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total value of $727,989.36. Following the transaction, the chief accounting officer directly owned 8,987 shares in the company, valued at approximately $1,889,786.36. This represents a 27.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Capital One Financial Trading Down 0.1%

COF stock traded down $0.16 during midday trading on Monday, hitting $215.27. 628,094 shares of the company's stock were exchanged, compared to its average volume of 4,442,040. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market cap of $137.67 billion, a PE ratio of 110.17, a price-to-earnings-growth ratio of 0.84 and a beta of 1.16. Capital One Financial Corporation has a one year low of $131.55 and a one year high of $232.45. The stock's fifty day moving average price is $211.17 and its 200-day moving average price is $193.57.

Capital One Financial (NYSE:COF - Get Free Report) last issued 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 for the quarter, compared to the consensus estimate of $12.72 billion. The business's revenue was up 31.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.14 earnings per share. Research analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis 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 (DPR) is currently 123.08%.

Analyst Ratings Changes

Several analysts recently commented on COF shares. TD Cowen upgraded Capital One Financial from a "hold" rating to a "buy" rating and raised their target price for the company from $184.00 to $258.00 in a research report on Tuesday, July 8th. Bank of America lifted their target price on Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Keefe, Bruyette & Woods boosted their target price on Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Rothschild & Co Redburn assumed coverage on Capital One Financial in a research report on Friday, August 1st. They set a "buy" rating and a $290.00 price objective for the company. Finally, Wells Fargo & Company raised their price objective on Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $238.81.

Institutional Investors Weigh In On Capital One Financial

A number of large investors have recently modified their holdings of COF. WPG Advisers LLC acquired a new stake in shares of Capital One Financial in the 1st quarter valued at $25,000. Moisand Fitzgerald Tamayo LLC boosted its holdings in shares of Capital One Financial by 103.3% in 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 in the last quarter. Olistico Wealth LLC boosted its holdings in shares of Capital One Financial by 439.1% in 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 in the last quarter. Saudi Central Bank acquired a new stake in shares of Capital One Financial in the 1st quarter valued at $27,000. Finally, RMG Wealth Management LLC acquired a new stake in shares of Capital One Financial in the 2nd quarter valued at $27,000. Institutional investors and hedge funds own 89.84% of the company's stock.

Capital One Financial Company Profile

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.