Capital One Financial (NYSE:COF) Stock Price Down 3.6%

Capital One Financial Co. (NYSE:COF)’s share price traded down 3.6% during mid-day trading on Tuesday . The stock traded as low as $145.55 and last traded at $145.87. 784,489 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 2,480,185 shares. The stock had previously closed at $151.25.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Evercore ISI lowered their price objective on Capital One Financial from $155.00 to $154.00 and set an “in-line” rating for the company in a research note on Tuesday, June 25th. Bank of America upped their price objective on Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $150.00 target price on shares of Capital One Financial in a report on Thursday, July 25th. Citigroup assumed coverage on Capital One Financial in a report on Friday. They issued a “buy” rating and a $190.00 target price on the stock. Finally, Jefferies Financial Group upgraded Capital One Financial from a “hold” rating to a “buy” rating and upped their target price for the company from $145.00 to $165.00 in a report on Thursday, June 6th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $147.21.

Capital One Financial Price Performance

The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.81. The business has a 50-day moving average price of $142.69 and a two-hundred day moving average price of $141.03. The company has a market capitalization of $55.85 billion, a price-to-earnings ratio of 11.37, a price-to-earnings-growth ratio of 1.08 and a beta of 1.44.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.14). Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The firm had revenue of $9.51 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same period in the previous year, the company earned $3.52 earnings per share. Capital One Financial’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, research analysts anticipate that Capital One Financial Co. will post 13.1 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend was Monday, August 12th. Capital One Financial’s payout ratio is currently 18.79%.

Insider Activity at Capital One Financial

In related news, insider Robert M. Alexander sold 30,742 shares of the stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total value of $4,611,300.00. Following the completion of the sale, the insider now directly owns 73,734 shares of the company’s stock, valued at approximately $11,060,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Robert M. Alexander sold 30,742 shares of the stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total value of $4,611,300.00. Following the completion of the sale, the insider now directly owns 73,734 shares of the company’s stock, valued at approximately $11,060,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Kevin S. Borgmann sold 61,532 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total value of $8,175,141.52. Following the completion of the sale, the chief executive officer now directly owns 40,934 shares of the company’s stock, valued at $5,438,491.24. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Capital One Financial

Several large investors have recently made changes to their positions in COF. Capital Research Global Investors increased its position in shares of Capital One Financial by 72.8% during the 1st quarter. Capital Research Global Investors now owns 21,128,089 shares of the financial services provider’s stock valued at $3,145,761,000 after purchasing an additional 8,900,241 shares during the last quarter. Eminence Capital LP purchased a new stake in shares of Capital One Financial during the 2nd quarter valued at $127,465,000. Clearbridge Investments LLC increased its position in shares of Capital One Financial by 18.8% during the 1st quarter. Clearbridge Investments LLC now owns 3,473,596 shares of the financial services provider’s stock valued at $517,184,000 after purchasing an additional 549,665 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Capital One Financial by 123.4% during the 2nd quarter. International Assets Investment Management LLC now owns 772,961 shares of the financial services provider’s stock valued at $107,016,000 after purchasing an additional 427,000 shares during the last quarter. Finally, Capital World Investors increased its position in shares of Capital One Financial by 2.1% during the 4th quarter. Capital World Investors now owns 14,991,564 shares of the financial services provider’s stock valued at $1,965,761,000 after purchasing an additional 311,696 shares during the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

About Capital One Financial

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.