Capital One Financial Co. Plans Quarterly Dividend of $0.60 (NYSE:COF)

Capital One Financial Co. (NYSE:COF) announced a quarterly dividend on Monday, November 4th, RTT News reports. Stockholders of record on Thursday, November 14th will be given a dividend of 0.60 per share by the financial services provider on Friday, November 22nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.46%.

Capital One Financial has increased its dividend payment by an average of 33.9% per year over the last three years. Capital One Financial has a payout ratio of 15.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Capital One Financial to earn $15.71 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 15.3%.

Capital One Financial Trading Up 0.7 %

COF opened at $163.90 on Monday. The stock has a market capitalization of $62.59 billion, a price-to-earnings ratio of 15.48, a P/E/G ratio of 1.24 and a beta of 1.43. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.78. Capital One Financial has a twelve month low of $101.38 and a twelve month high of $167.93. The company has a 50-day simple moving average of $150.14 and a 200 day simple moving average of $143.80.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.70 by $0.81. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The business had revenue of $10 billion for the quarter, compared to analyst estimates of $9.88 billion. During the same quarter last year, the business posted $4.45 EPS. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. Analysts predict that Capital One Financial will post 13.17 EPS for the current fiscal year.

Insider Buying and Selling at Capital One Financial

In other news, insider Frank G. LapradeIii sold 15,751 shares of Capital One Financial stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $160.00, for a total value of $2,520,160.00. Following the completion of the transaction, the insider now directly owns 44,711 shares of the company’s stock, valued at approximately $7,153,760. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Kevin S. Borgmann sold 61,532 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was 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 trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Frank G. LapradeIii sold 15,751 shares of the stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $160.00, for a total value of $2,520,160.00. Following the completion of the transaction, the insider now owns 44,711 shares in the company, valued at approximately $7,153,760. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

COF has been the topic of several research reports. Barclays lifted their price target on shares of Capital One Financial from $154.00 to $158.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Robert W. Baird boosted their price objective on Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Royal Bank of Canada increased their target price on Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. Evercore ISI upped their price objective on Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Finally, Bank of America lifted their target price on shares of Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Eleven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $156.35.

Capital One Financial Company Profile

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.