Capital One Financial (NYSE:COF) Reaches New 1-Year High After Analyst Upgrade

Capital One Financial Corporation (NYSE:COF) shares hit a new 52-week high on Wednesday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from $240.00 to $263.00. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock. Capital One Financial traded as high as $244.82 and last traded at $242.3560, with a volume of 231743 shares changing hands. The stock had previously closed at $241.61.

Other analysts also recently issued research reports about the company. Citigroup boosted their price target on Capital One Financial from $275.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Morgan Stanley reaffirmed an “overweight” rating and set a $280.00 target price on shares of Capital One Financial in a report on Tuesday. TD Cowen increased their price target on shares of Capital One Financial from $258.00 to $261.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Wall Street Zen raised shares of Capital One Financial from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. Finally, Robert W. Baird upped their price objective on shares of Capital One Financial from $245.00 to $270.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $264.25.

Insiders Place Their Bets

In related news, insider Lia Dean sold 3,269 shares of the stock in a transaction on Monday, December 1st. The shares were sold at an average price of $218.15, for a total transaction of $713,132.35. Following the sale, the insider directly owned 69,855 shares of the company’s stock, valued at approximately $15,238,868.25. This represents a 4.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Neal Blinde sold 43,200 shares of the firm’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $221.83, for a total transaction of $9,583,056.00. Following the sale, the insider owned 73,020 shares in the company, valued at approximately $16,198,026.60. This represents a 37.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 280,218 shares of company stock worth $62,395,804. Corporate insiders own 1.26% of the company’s stock.

Institutional Investors Weigh In On Capital One Financial

Hedge funds have recently modified their holdings of the company. WPG Advisers LLC purchased a new position in Capital One Financial during the first quarter worth approximately $25,000. Moisand Fitzgerald Tamayo LLC raised its stake in shares of Capital One Financial by 103.3% during the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock worth $26,000 after buying an additional 62 shares during the period. Olistico Wealth LLC lifted its position in shares of Capital One Financial by 439.1% during the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock valued at $26,000 after buying an additional 101 shares in the last quarter. Saudi Central Bank purchased a new position in shares of Capital One Financial during the 1st quarter valued at approximately $27,000. Finally, RMG Wealth Management LLC acquired a new stake in Capital One Financial in the 2nd quarter valued at $27,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Stock Performance

The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.45. The firm’s fifty day moving average is $220.07 and its 200 day moving average is $216.32. The company has a market cap of $154.27 billion, a PE ratio of 102.39, a price-to-earnings-growth ratio of 0.55 and a beta of 1.16.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Monday, November 3rd. The financial services provider reported $5.95 earnings per share (EPS) for the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. The business had revenue of $15.46 billion for the quarter. As a group, research analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were paid a $0.80 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $3.20 dividend on an annualized basis and a yield of 1.3%. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. Capital One Financial’s dividend payout ratio is 135.02%.

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.