Capital One Financial (NYSE:COF) CEO Richard Fairbank Sells 90,743 Shares of Company Stock

Capital One Financial Corporation (NYSE:COF) CEO Richard Fairbank sold 90,743 shares of the business’s stock in a transaction dated Tuesday, October 27th. The stock was sold at an average price of $202.86, for a total transaction of $18,408,124.98. Following the completion of the sale, the chief executive officer owned 4,018,520 shares in the company, valued at $815,196,967.20. This represents a 2.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 NYSE COF opened at $208.70 on Friday. The company’s 50-day moving average price is $204.82 and its 200 day moving average price is $201.76. The stock has a market cap of $128.03 billion, a price-to-earnings ratio of 12.32, a PEG ratio of 0.94 and a beta of 1.04. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week high of $259.64. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.45.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $6.69 earnings per share for the quarter, topping analysts’ consensus estimates of $5.53 by $1.16. The business had revenue of $16.31 billion during the quarter, compared to analysts’ expectations of $16.25 billion. Capital One Financial had a net margin of 13.70% and a return on equity of 11.64%. The company’s revenue was up 6.4% on a year-over-year basis. During the same period last year, the company posted $5.95 EPS. As a group, research analysts forecast that Capital One Financial Corporation will post 21.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Torren Management LLC lifted its position in Capital One Financial by 114.8% during the third quarter. Torren Management LLC now owns 131 shares of the financial services provider’s stock valued at $25,000 after buying an additional 70 shares in the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC purchased a new stake in Capital One Financial during the third quarter worth approximately $200,000. XML Financial LLC increased its position in shares of Capital One Financial by 3.2% in the third quarter. XML Financial LLC now owns 4,605 shares of the financial services provider’s stock worth $889,000 after acquiring an additional 142 shares in the last quarter. Summit Wealth Group LLC Co. increased its position in shares of Capital One Financial by 212.7% in the third quarter. Summit Wealth Group LLC Co. now owns 5,066 shares of the financial services provider’s stock worth $978,000 after acquiring an additional 3,446 shares in the last quarter. Finally, One Way Holdings LLC increased its position in shares of Capital One Financial by 8.4% in the third quarter. One Way Holdings LLC now owns 1,297 shares of the financial services provider’s stock worth $250,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on COF. BMO Capital Markets increased their target price on Capital One Financial from $219.00 to $225.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 21st. Evercore reaffirmed an “outperform” rating and set a $230.00 price objective on shares of Capital One Financial in a research note on Tuesday. Barclays upped their price objective on shares of Capital One Financial from $237.00 to $238.00 and gave the company an “overweight” rating in a research note on Wednesday, October 21st. Weiss Ratings raised shares of Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 21st. Finally, Citigroup boosted their target price on shares of Capital One Financial from $280.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, October 21st. Twenty investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $256.77.

Capital One Financial Company Profile

Capital One Financial Corporation is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company operates as a bank holding company through Capital One, N.A., providing financial products and services to consumers, small businesses and commercial customers.

Capital One is best known for its credit card business, which offers a range of consumer and business cards. Its other activities include consumer banking products such as checking and savings accounts, auto loans and retail banking services, as well as commercial banking services for businesses and institutions.

The company primarily serves customers in the United States through digital channels, branches and other distribution networks.