Capital One Financial (NYSE:COF) Hits New 1-Year High – Here’s What Happened

Capital One Financial Co. (NYSE:COF) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $207.64 and last traded at $206.98, with a volume of 268321 shares trading hands. The stock had previously closed at $203.91.

Analyst Ratings Changes

Several research firms have recently commented on COF. Keefe, Bruyette & Woods upped their price target on shares of Capital One Financial from $185.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Hsbc Global Res raised Capital One Financial from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 14th. Barclays boosted their price objective on Capital One Financial from $219.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Argus raised Capital One Financial to a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, Evercore ISI raised their price target on Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $196.31.

Capital One Financial Stock Performance

The firm has a fifty day moving average price of $186.38 and a 200 day moving average price of $163.97. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 1.00. The firm has a market capitalization of $78.43 billion, a PE ratio of 17.77, a P/E/G ratio of 1.29 and a beta of 1.46.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $0.31. The business had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10.22 billion. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. Capital One Financial’s revenue was up 7.2% compared to the same quarter last year. During the same period last year, the business posted $2.81 EPS. Research analysts anticipate that Capital One Financial Co. will post 15.22 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 14th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date was Thursday, November 14th. Capital One Financial’s dividend payout ratio (DPR) is currently 20.71%.

Insider Transactions at Capital One Financial

In other news, insider Kara West sold 721 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $184.73, for a total value of $133,190.33. Following the sale, the insider now directly owns 12,929 shares in the company, valued at approximately $2,388,374.17. This represents a 5.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Mark Daniel Mouadeb sold 1,994 shares of Capital One Financial stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $162.37, for a total value of $323,765.78. Following the transaction, the insider now directly owns 19,776 shares of the company’s stock, valued at approximately $3,211,029.12. The trade was a 9.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,256 shares of company stock worth $2,462,487. 1.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Capital One Financial

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Asset Management One Co. Ltd. boosted its stake in shares of Capital One Financial by 5.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 146,769 shares of the financial services provider’s stock valued at $21,976,000 after purchasing an additional 7,331 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Capital One Financial by 4.3% in the third quarter. Principal Financial Group Inc. now owns 430,654 shares of the financial services provider’s stock valued at $64,482,000 after buying an additional 17,825 shares during the period. CWA Asset Management Group LLC acquired a new position in Capital One Financial in the third quarter valued at about $1,649,000. Catalina Capital Group LLC boosted its holdings in Capital One Financial by 8.1% during the third quarter. Catalina Capital Group LLC now owns 1,609 shares of the financial services provider’s stock worth $241,000 after buying an additional 121 shares during the last quarter. Finally, Dai ichi Life Insurance Company Ltd raised its position in shares of Capital One Financial by 36.8% in the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 11,162 shares of the financial services provider’s stock valued at $1,671,000 after acquiring an additional 3,000 shares during the period. Institutional investors own 89.84% of the company’s stock.

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.