Traders Sell Shares of Capital One (COF) on Strength on Insider Selling


Traders sold shares of Capital One (NYSE:COF) on strength during trading on Tuesday after an insider sold shares in the company. $19.46 million flowed into the stock on the tick-up and $57.59 million flowed out of the stock on the tick-down, for a money net flow of $38.13 million out of the stock. Of all companies tracked, Capital One had the 33rd highest net out-flow for the day. Capital One traded up $0.01 for the day and closed at $96.27Specifically, insider Kleber Santos sold 1,711 shares of Capital One stock in a transaction that occurred on Thursday, March 22nd. The stock was sold at an average price of $97.00, for a total transaction of $165,967.00. Following the sale, the insider now directly owns 15,894 shares in the company, valued at $1,541,718. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard D. Fairbank sold 242,600 shares of Capital One stock in a transaction that occurred on Wednesday, April 25th. The shares were sold at an average price of $93.13, for a total value of $22,593,338.00. Following the sale, the chief executive officer now owns 3,011,738 shares in the company, valued at $280,483,159.94. The disclosure for this sale can be found here. Over the last quarter, insiders sold 297,072 shares of company stock worth $27,791,398. Corporate insiders own 1.40% of the company’s stock.


Several equities research analysts recently weighed in on COF shares. Instinet lowered Capital One from a “buy” rating to a “neutral” rating and lifted their price target for the company from $98.47 to $109.00 in a research report on Wednesday, February 21st. Nomura lowered Capital One from a “buy” rating to a “neutral” rating and dropped their price target for the company from $111.00 to $109.00 in a research report on Wednesday, February 21st. Oppenheimer restated a “hold” rating on shares of Capital One in a research report on Tuesday, April 24th. BMO Capital Markets dropped their price target on Capital One from $133.00 to $126.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 9th. Finally, Zacks Investment Research lowered Capital One from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $108.52.


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The company has a debt-to-equity ratio of 1.02, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market capitalization of $47.17 billion, a price-to-earnings ratio of 12.36, a price-to-earnings-growth ratio of 0.90 and a beta of 1.31.

Capital One (NYSE:COF) last posted its quarterly earnings results on Tuesday, April 24th. The financial services provider reported $2.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.34 by $0.31. Capital One had a return on equity of 9.23% and a net margin of 8.38%. The firm had revenue of $6.90 million during the quarter, compared to analysts’ expectations of $6.93 billion. During the same quarter in the previous year, the business earned $1.75 earnings per share. The company’s revenue was up 5.7% on a year-over-year basis. analysts forecast that Capital One will post 10.07 earnings per share for the current fiscal year.


The firm also recently declared a quarterly dividend, which was paid on Thursday, May 24th. Stockholders of record on Monday, May 14th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend was Friday, May 11th. Capital One’s dividend payout ratio is currently 20.54%.

Several hedge funds have recently bought and sold shares of COF. TLP Group LLC purchased a new position in shares of Capital One in the first quarter worth $103,000. Well Done LLC purchased a new position in shares of Capital One in the first quarter worth $106,000. Bedel Financial Consulting Inc. purchased a new position in shares of Capital One in the first quarter worth $107,000. Psagot Investment House Ltd. raised its stake in shares of Capital One by 98.3% in the first quarter. Psagot Investment House Ltd. now owns 1,190 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 590 shares during the last quarter. Finally, Jacobi Capital Management LLC raised its stake in shares of Capital One by 98.3% in the first quarter. Jacobi Capital Management LLC now owns 1,370 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 679 shares during the last quarter. Hedge funds and other institutional investors own 88.82% of the company’s stock.


Capital One Company Profile

Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

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