Capital One Financial Corp. (COF) Insider Sells $7,889,370.00 in Stock

Capital One Financial Corp. (NYSE:COF) insider Frank G. LapradeIii sold 83,046 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $95.00, for a total value of $7,889,370.00. Following the completion of the sale, the insider now owns 97,346 shares of the company’s stock, valued at $9,247,870. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Capital One Financial Corp. (NYSE:COF) opened at $98.59 on Thursday. The firm has a market capitalization of $47,840.00, a price-to-earnings ratio of 13.10, a price-to-earnings-growth ratio of 1.48 and a beta of 1.28. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 1.17. Capital One Financial Corp. has a fifty-two week low of $76.05 and a fifty-two week high of $99.95.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $2.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.15 by $0.27. The firm had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $6.81 billion. Capital One Financial had a return on equity of 8.25% and a net margin of 13.34%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.03 EPS. equities research analysts anticipate that Capital One Financial Corp. will post 7.97 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 24th. Shareholders of record on Monday, November 13th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $1.60 annualized dividend and a yield of 1.62%. Capital One Financial’s dividend payout ratio is presently 22.44%.

A number of hedge funds and other institutional investors have recently made changes to their positions in COF. Wedbush Securities Inc. acquired a new position in shares of Capital One Financial during the 2nd quarter worth $280,000. LMR Partners LLP raised its holdings in shares of Capital One Financial by 4.7% during the 2nd quarter. LMR Partners LLP now owns 7,158 shares of the financial services provider’s stock worth $591,000 after buying an additional 323 shares in the last quarter. Annex Advisory Services LLC raised its holdings in shares of Capital One Financial by 57.2% during the 2nd quarter. Annex Advisory Services LLC now owns 17,313 shares of the financial services provider’s stock worth $1,430,000 after buying an additional 6,297 shares in the last quarter. Peddock Capital Advisors LLC raised its holdings in shares of Capital One Financial by 5.5% during the 2nd quarter. Peddock Capital Advisors LLC now owns 11,976 shares of the financial services provider’s stock worth $989,000 after buying an additional 624 shares in the last quarter. Finally, Pzena Investment Management LLC raised its holdings in shares of Capital One Financial by 28.1% during the 2nd quarter. Pzena Investment Management LLC now owns 4,041,646 shares of the financial services provider’s stock worth $333,921,000 after buying an additional 885,934 shares in the last quarter. 88.33% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently issued reports on COF. Credit Suisse Group restated a “hold” rating and issued a $92.00 price target on shares of Capital One Financial in a research note on Tuesday. Bank of America upgraded Capital One Financial from a “neutral” rating to a “buy” rating and set a $107.00 price target for the company in a research note on Monday. Piper Jaffray Companies upgraded Capital One Financial from an “underweight” rating to a “neutral” rating and set a $81.00 price target for the company in a research note on Monday. Wedbush set a $95.00 price target on Capital One Financial and gave the company a “hold” rating in a research note on Monday, December 11th. Finally, Zacks Investment Research downgraded Capital One Financial from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $96.67.

WARNING: This piece was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.com-unik.info/2017/12/21/capital-one-financial-corp-cof-insider-sells-7889370-00-in-stock.html.

Capital One Financial Company Profile

Capital One Financial Corporation is a diversified financial services holding company. The Company, along with its subsidiaries, offers a range of financial products and services to consumers, small businesses and commercial clients through branches, the Internet and other distribution channels. The Company’s segments include Credit Card, Consumer Banking, Commercial Banking and Other.

Insider Buying and Selling by Quarter for Capital One Financial (NYSE:COF)

Receive News & Ratings for Capital One Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital One Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit