Capital One Financial Corp. (NYSE:COF) CFO Richard Scott Blackley sold 2,194 shares of Capital One Financial stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $98.19, for a total value of $215,428.86. Following the sale, the chief financial officer now owns 38,537 shares in the company, valued at $3,783,948.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Richard Scott Blackley also recently made the following trade(s):
- On Thursday, March 1st, Richard Scott Blackley sold 10,000 shares of Capital One Financial stock. The shares were sold at an average price of $98.12, for a total value of $981,200.00.
Capital One Financial Corp. (NYSE:COF) traded up $0.09 during mid-day trading on Tuesday, hitting $98.74. The stock had a trading volume of 1,018,617 shares, compared to its average volume of 2,341,962. Capital One Financial Corp. has a 52-week low of $76.05 and a 52-week high of $106.50. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $48,317.49, a PE ratio of 28.70, a P/E/G ratio of 0.89 and a beta of 1.34.
Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $1.62 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.85 by ($0.23). Capital One Financial had a return on equity of 8.36% and a net margin of 6.89%. The business had revenue of $7 billion during the quarter, compared to analysts’ expectations of $7.12 billion. During the same quarter in the prior year, the firm earned $1.45 EPS. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. analysts expect that Capital One Financial Corp. will post 9.73 EPS for the current year.
Capital One Financial declared that its board has authorized a stock buyback program on Tuesday, December 26th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 12th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend was Friday, February 9th. Capital One Financial’s dividend payout ratio is currently 46.38%.
Several research firms recently weighed in on COF. Credit Suisse Group restated a “neutral” rating on shares of Capital One Financial in a research report on Wednesday, December 27th. Compass Point upgraded Capital One Financial from a “neutral” rating to a “buy” rating and lifted their price target for the company from $99.52 to $122.00 in a research report on Friday, December 22nd. Piper Jaffray Companies reissued a “hold” rating on shares of Capital One Financial in a report on Tuesday, January 9th. Zacks Investment Research raised Capital One Financial from a “hold” rating to a “buy” rating and set a $111.00 target price on the stock in a report on Tuesday, December 26th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $110.00 target price on shares of Capital One Financial in a report on Wednesday, January 24th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $107.00.
Several hedge funds have recently bought and sold shares of COF. Davis Selected Advisers raised its stake in shares of Capital One Financial by 43.7% in the third quarter. Davis Selected Advisers now owns 11,581,237 shares of the financial services provider’s stock worth $980,149,000 after purchasing an additional 3,519,332 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of Capital One Financial by 118.7% in the fourth quarter. TIAA CREF Investment Management LLC now owns 4,156,429 shares of the financial services provider’s stock worth $413,897,000 after purchasing an additional 2,255,496 shares during the last quarter. APG Asset Management N.V. raised its stake in shares of Capital One Financial by 1,256.0% in the fourth quarter. APG Asset Management N.V. now owns 1,851,401 shares of the financial services provider’s stock worth $153,533,000 after purchasing an additional 1,714,867 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its position in Capital One Financial by 49,032.3% during the fourth quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,479,866 shares of the financial services provider’s stock valued at $147,365,000 after acquiring an additional 1,476,854 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its position in Capital One Financial by 229.4% during the third quarter. Point72 Asset Management L.P. now owns 1,647,291 shares of the financial services provider’s stock valued at $139,460,000 after acquiring an additional 1,147,191 shares during the last quarter. Hedge funds and other institutional investors own 90.06% of the company’s stock.
About Capital One Financial
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.
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