Celia Karam Sells 2,017 Shares of Capital One Financial (NYSE:COF) Stock

Capital One Financial Corporation (NYSE:COF) insider Celia Karam sold 2,017 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $206.07, for a total transaction of $415,643.19. Following the completion of the transaction, the insider directly owned 57,696 shares in the company, valued at $11,889,414.72. This trade represents a 3.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Celia Karam also recently made the following trade(s):

• On Monday, August 17th, Celia Karam sold 1,888 shares of Capital One Financial stock. The shares were sold at an average price of $225.52, for a total transaction of $425,781.76.

Capital One Financial Trading Down 1.7%

COF stock traded down $3.61 during midday trading on Wednesday, reaching $203.24. The company’s stock had a trading volume of 4,214,020 shares, compared to its average volume of 4,740,019. The business’s 50-day simple moving average is $212.75 and its 200-day simple moving average is $198.36. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week high of $259.64. The stock has a market cap of $124.68 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 0.76 and a beta of 1.02.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, beating the consensus estimate of $4.79 by $1.02. The company had revenue of $15.83 billion during the quarter, compared to analysts’ expectations of $15.76 billion. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The business’s revenue for the quarter was up 26.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.48 EPS. As a group, sell-side analysts expect that Capital One Financial Corporation will post 20.29 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Monday, August 17th. Capital One Financial’s dividend payout ratio is currently 19.80%.

Institutional Trading of Capital One Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank acquired a new position in shares of Capital One Financial during the 4th quarter worth about $2,089,803,000. Bank of America Corp DE bought a new stake in Capital One Financial during the second quarter worth about $1,435,311,000. Legal & General Group Plc acquired a new position in Capital One Financial during the second quarter valued at approximately $680,983,000. Berkshire Hathaway Inc bought a new position in Capital One Financial in the second quarter valued at approximately $601,860,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Capital One Financial during the 2nd quarter worth approximately $482,718,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Barclays lowered their target price on shares of Capital One Financial from $242.00 to $240.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. HSBC upgraded Capital One Financial from a “hold” rating to a “buy” rating and lifted their target price for the stock from $226.00 to $229.00 in a report on Sunday, July 12th. Deutsche Bank Aktiengesellschaft set a $245.00 price target on Capital One Financial in a research report on Thursday, August 20th. Citigroup decreased their price objective on Capital One Financial from $310.00 to $295.00 and set a “buy” rating for the company in a research report on Tuesday, July 28th. Finally, BTIG Research raised their target price on shares of Capital One Financial from $224.00 to $259.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th. Twenty-one equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $258.91.

About Capital One Financial

Capital One Financial Corporation (NYSE: COF) is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company initially built its business as a credit card issuer and has since expanded into consumer banking, commercial banking and payments.

Capital One offers a range of credit card products for consumers and businesses, along with deposit accounts, savings products, auto loans and other consumer lending services. Through its commercial banking operations, the company provides financing, treasury management and related services to commercial real estate clients, middle-market companies and other businesses.

Capital One primarily serves customers in the United States, with additional operations and financial services activities in Canada and the United Kingdom.