Capital One Financial Corp. (NYSE:COF) announced a quarterly dividend on Friday, July 31st, RTT News reports. Investors of record on Monday, August 10th will be paid a dividend of 0.10 per share by the financial services provider on Thursday, August 20th. This represents a $0.40 annualized dividend and a yield of 0.63%.
Capital One Financial has a payout ratio of -82.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Capital One Financial to earn $6.62 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 24.2%.
Shares of COF opened at $63.80 on Friday. Capital One Financial has a fifty-two week low of $38.00 and a fifty-two week high of $107.59. The firm’s 50 day moving average price is $64.43 and its 200 day moving average price is $72.37. The company has a market cap of $29.05 billion, a P/E ratio of -172.43 and a beta of 1.75. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.79.
In other news, insider Timothy P. Golden sold 3,334 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $57.63, for a total value of $192,138.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.47% of the company’s stock.
Several research firms have commented on COF. Wells Fargo & Co lowered their price target on shares of Capital One Financial from $115.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Wolfe Research began coverage on shares of Capital One Financial in a report on Friday. They set an “outperform” rating for the company. BMO Capital Markets lowered their price target on shares of Capital One Financial from $92.00 to $73.00 and set an “outperform” rating for the company in a report on Monday, April 27th. UBS Group upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $54.00 to $105.00 in a report on Monday, June 22nd. Finally, Morgan Stanley lowered their price target on shares of Capital One Financial from $66.00 to $64.00 and set an “equal weight” rating for the company in a report on Wednesday, July 22nd. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $85.47.
Capital One Financial 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.
Recommended Story: What does a market perform rating mean?
Receive News & Ratings for Capital One Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital One Financial and related companies with MarketBeat.com's FREE daily email newsletter.