Michael Zamsky Sells 5,473 Shares of Capital One Financial (NYSE:COF) Stock

Capital One Financial Corporation (NYSE:COF) insider Michael Zamsky sold 5,473 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $218.02, for a total value of $1,193,223.46. Following the completion of the transaction, the insider directly owned 27,992 shares in the company, valued at $6,102,815.84. The trade was a 16.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Capital One Financial Trading Up 0.0%

Shares of Capital One Financial stock traded up $0.03 during trading on Tuesday, hitting $219.00. 1,768,500 shares of the company were exchanged, compared to its average volume of 5,003,458. The firm has a market capitalization of $134.35 billion, a P/E ratio of 13.55, a price-to-earnings-growth ratio of 0.80 and a beta of 1.02. Capital One Financial Corporation has a 1-year low of $174.24 and a 1-year high of $259.64. The firm’s fifty day moving average price is $201.60 and its 200 day moving average price is $198.14. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, beating analysts’ consensus estimates of $4.79 by $1.02. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The business had revenue of $15.83 billion for the quarter, compared to the consensus estimate of $15.76 billion. During the same period last year, the company posted $5.48 EPS. Capital One Financial’s revenue for the quarter was up 26.9% on a year-over-year basis. As a group, sell-side analysts expect that Capital One Financial Corporation will post 20.19 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, August 17th. Capital One Financial’s dividend payout ratio is presently 19.80%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on COF. Bank of America lowered their price objective on shares of Capital One Financial from $234.00 to $231.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Weiss Ratings upgraded Capital One Financial from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 30th. HSBC raised Capital One Financial from a “hold” rating to a “buy” rating and boosted their target price for the company from $226.00 to $229.00 in a research note on Sunday, July 12th. Citigroup dropped their price target on Capital One Financial from $310.00 to $295.00 and set a “buy” rating on the stock in a research report on Tuesday, July 28th. Finally, BTIG Research lifted their price objective on Capital One Financial from $224.00 to $259.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. Twenty analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $259.36.

Institutional Investors Weigh In On Capital One Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. TrinityBridge Ltd bought a new stake in Capital One Financial in the 2nd quarter valued at $138,553,000. Silvant Capital Management LLC acquired a new stake in shares of Capital One Financial in the second quarter valued at approximately $1,494,000. LaSalle St. Investment Advisors LLC bought a new stake in shares of Capital One Financial in the second quarter worth $214,000. Ceredex Value Advisors LLC bought a new stake in shares of Capital One Financial in the second quarter worth $21,150,000. Finally, Advisors Preferred LLC acquired a new position in Capital One Financial during the second quarter worth $1,395,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

About Capital One Financial

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.