Capital One Financial Co. (NYSE:COF) CEO Sells $8,175,141.52 in Stock

Capital One Financial Co. (NYSE:COF) CEO Kevin S. Borgmann sold 61,532 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the completion of the transaction, the chief executive officer now directly owns 40,934 shares of the company’s stock, valued at $5,438,491.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Capital One Financial Price Performance

COF stock opened at $134.81 on Friday. The firm’s 50-day moving average price is $139.74 and its two-hundred day moving average price is $139.65. Capital One Financial Co. has a 12-month low of $88.23 and a 12-month high of $153.35. The stock has a market capitalization of $51.25 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 1.13 and a beta of 1.45. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.81.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.14). Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. The firm had revenue of $9.51 billion during the quarter, compared to analysts’ expectations of $9.57 billion. During the same quarter in the previous year, the firm posted $3.52 EPS. Capital One Financial’s revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts predict that Capital One Financial Co. will post 13.17 earnings per share for the current year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Monday, August 12th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Monday, August 12th. Capital One Financial’s dividend payout ratio is currently 18.79%.

Hedge Funds Weigh In On Capital One Financial

Hedge funds and other institutional investors have recently modified their holdings of the stock. LRI Investments LLC purchased a new position in shares of Capital One Financial during the first quarter valued at about $25,000. Silicon Valley Capital Partners purchased a new position in shares of Capital One Financial during the first quarter valued at about $25,000. Y.D. More Investments Ltd bought a new stake in Capital One Financial during the second quarter worth about $28,000. Hobbs Group Advisors LLC bought a new stake in Capital One Financial during the second quarter worth about $29,000. Finally, Rise Advisors LLC bought a new stake in Capital One Financial during the first quarter worth about $33,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Evercore ISI cut their price target on shares of Capital One Financial from $155.00 to $154.00 and set an “in-line” rating for the company in a report on Tuesday, June 25th. Bank of America lifted their price objective on shares of Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Jefferies Financial Group raised shares of Capital One Financial from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $145.00 to $165.00 in a report on Thursday, June 6th. JPMorgan Chase & Co. lifted their price objective on shares of Capital One Financial from $148.00 to $155.00 and gave the stock a “neutral” rating in a report on Monday, July 8th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $150.00 price objective on shares of Capital One Financial in a report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $145.89.

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.