Capital One Financial (NYSE:COF) Issues Quarterly Earnings Results, Beats Expectations By $0.81 EPS

Capital One Financial Co. (NYSE:COF) announced its earnings results on Thursday. The financial services provider reported $4.51 earnings per share for the quarter, beating the consensus estimate of $3.70 by $0.81, Briefing.com reports. Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The firm had revenue of $10 billion for the quarter, compared to the consensus estimate of $9.88 billion. During the same quarter in the previous year, the business earned $4.45 EPS. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis.

Capital One Financial Trading Up 8.0 %

Shares of Capital One Financial stock traded up $12.22 during trading on Friday, hitting $165.48. The stock had a trading volume of 3,124,589 shares, compared to its average volume of 2,452,348. Capital One Financial Co. has a 1 year low of $89.08 and a 1 year high of $167.93. The stock has a 50 day simple moving average of $147.07 and a 200 day simple moving average of $142.68. 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 company has a market capitalization of $62.92 billion, a PE ratio of 12.97, a P/E/G ratio of 1.22 and a beta of 1.44.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date was Monday, August 12th. Capital One Financial’s dividend payout ratio is presently 18.79%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Robert W. Baird lifted their price objective on shares of Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday. Bank of America raised their target price on shares of Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. upped their price target on shares of Capital One Financial from $156.00 to $157.00 and gave the stock a “neutral” rating in a research note on Monday, October 7th. Evercore ISI lowered their price objective on shares of Capital One Financial from $166.00 to $163.00 and set an “in-line” rating on the stock in a research note on Monday, October 7th. Finally, Barclays boosted their target price on Capital One Financial from $154.00 to $158.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Twelve research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $151.83.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Frank G. LapradeIii sold 15,751 shares of Capital One Financial stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $160.00, for a total transaction of $2,520,160.00. Following the transaction, the insider now directly owns 44,711 shares in the company, valued at approximately $7,153,760. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Frank G. LapradeIii sold 15,751 shares of the 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 sale, the insider now directly owns 44,711 shares of the company’s stock, valued at approximately $7,153,760. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Kevin S. Borgmann sold 61,532 shares of Capital One Financial stock in a transaction dated 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 transaction, the chief executive officer now directly owns 40,934 shares in the company, valued at approximately $5,438,491.24. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

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.