Capital One Financial (NYSE:COF) Trading Down 5.6%

Capital One Financial Co. (NYSE:COF) traded down 5.6% on Tuesday . The company traded as low as $133.88 and last traded at $134.62. 784,197 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 2,454,980 shares. The stock had previously closed at $142.60.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on COF. Jefferies Financial Group upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and lifted their price target for the stock from $145.00 to $165.00 in a research note on Thursday, June 6th. Evercore ISI dropped their target price on Capital One Financial from $155.00 to $154.00 and set an “in-line” rating on the stock in a report on Tuesday, June 25th. BTIG Research initiated coverage on Capital One Financial in a report on Friday, June 7th. They set a “neutral” rating for the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $150.00 price objective on shares of Capital One Financial in a report on Thursday, July 25th. Finally, Bank of America boosted their target price on Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $145.89.

Capital One Financial Stock Down 4.6 %

The company has a debt-to-equity ratio of 0.81, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market cap of $51.94 billion, a PE ratio of 10.32, a P/E/G ratio of 1.10 and a beta of 1.44. The firm has a 50-day simple moving average of $141.60 and a two-hundred day simple moving average of $140.52.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $9.51 billion for the quarter, compared to analysts’ expectations of $9.57 billion. During the same quarter last year, the company posted $3.52 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. Research analysts anticipate that Capital One Financial Co. will post 13.1 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.76%. The ex-dividend date of this dividend was Monday, August 12th. Capital One Financial’s payout ratio is currently 18.79%.

Insider Activity

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

Hedge Funds Weigh In On Capital One Financial

Several hedge funds and other institutional investors have recently modified their holdings of COF. Cantor Fitzgerald Investment Advisors L.P. bought a new stake in shares of Capital One Financial during the 4th quarter worth about $2,299,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Capital One Financial by 21.4% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 27,493 shares of the financial services provider’s stock valued at $4,093,000 after purchasing an additional 4,840 shares during the period. Twin Tree Management LP raised its stake in shares of Capital One Financial by 5.6% in the 1st quarter. Twin Tree Management LP now owns 68,504 shares of the financial services provider’s stock worth $10,200,000 after buying an additional 3,609 shares in the last quarter. Clear Harbor Asset Management LLC acquired a new stake in shares of Capital One Financial in the second quarter valued at $511,000. Finally, QRG Capital Management Inc. boosted its stake in Capital One Financial by 3.2% during the second quarter. QRG Capital Management Inc. now owns 122,264 shares of the financial services provider’s stock valued at $16,927,000 after buying an additional 3,776 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

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.