Kevin S. Borgmann Sells 78,695 Shares of Capital One Financial Corp. (NYSE:COF) Stock

Capital One Financial Corp. (NYSE:COF) CEO Kevin S. Borgmann sold 78,695 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $99.92, for a total transaction of $7,863,204.40. Following the sale, the chief executive officer now directly owns 78,944 shares in the company, valued at $7,888,084.48. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of NYSE:COF opened at $99.25 on Thursday. Capital One Financial Corp. has a 52 week low of $69.90 and a 52 week high of $100.64. The company’s 50 day moving average is $95.82 and its two-hundred day moving average is $91.25. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.85. The company has a market cap of $46.58 billion, a PE ratio of 9.12, a P/E/G ratio of 1.20 and a beta of 1.29.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $3.32 EPS for the quarter, beating the Zacks’ consensus estimate of $2.87 by $0.45. Capital One Financial had a net margin of 16.84% and a return on equity of 10.40%. The company had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $7.19 billion. During the same period in the prior year, the firm posted $3.12 EPS. The company’s quarterly revenue was up .0% compared to the same quarter last year. As a group, equities research analysts expect that Capital One Financial Corp. will post 11.93 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Tuesday, November 12th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date was Friday, November 8th. Capital One Financial’s dividend payout ratio is presently 14.71%.

Several large investors have recently made changes to their positions in COF. Nuveen Asset Management LLC increased its position in shares of Capital One Financial by 5,895.1% in the 2nd quarter. Nuveen Asset Management LLC now owns 2,445,232 shares of the financial services provider’s stock valued at $221,880,000 after purchasing an additional 2,404,445 shares during the last quarter. Invesco Ltd. increased its position in shares of Capital One Financial by 73.9% in the 2nd quarter. Invesco Ltd. now owns 3,372,639 shares of the financial services provider’s stock valued at $306,034,000 after purchasing an additional 1,433,505 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Capital One Financial by 15.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,423,750 shares of the financial services provider’s stock valued at $401,410,000 after purchasing an additional 580,140 shares during the last quarter. Atalanta Sosnoff Capital LLC purchased a new stake in shares of Capital One Financial in the 3rd quarter valued at approximately $34,796,000. Finally, Railway Pension Investments Ltd increased its position in shares of Capital One Financial by 366.1% in the 3rd quarter. Railway Pension Investments Ltd now owns 469,109 shares of the financial services provider’s stock valued at $42,679,000 after purchasing an additional 368,474 shares during the last quarter. 89.02% of the stock is currently owned by institutional investors.

Several equities research analysts recently weighed in on COF shares. Zacks Investment Research downgraded shares of Capital One Financial from a “buy” rating to a “hold” rating and set a $101.00 target price on the stock. in a research note on Wednesday, October 30th. Citigroup cut their target price on shares of Capital One Financial from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Credit Suisse Group set a $116.00 target price on shares of Capital One Financial and gave the stock a “buy” rating in a research note on Friday, October 25th. BMO Capital Markets upped their target price on shares of Capital One Financial from $141.00 to $153.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Finally, Morgan Stanley reaffirmed a “hold” rating and set a $104.00 target price on shares of Capital One Financial in a research note on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $104.87.

About Capital One Financial

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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