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

Shares of Capital One Financial Corporation (NYSE:COF) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $233.01 and last traded at $232.21, with a volume of 687640 shares traded. The stock had previously closed at $229.71.

Analyst Ratings Changes

A number of research firms have commented on COF. BTIG Research reaffirmed a “buy” rating and issued a $264.00 target price on shares of Capital One Financial in a research report on Wednesday, October 22nd. Robert W. Baird lifted their price objective on Capital One Financial from $245.00 to $270.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Wall Street Zen raised shares of Capital One Financial from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Cowen reiterated a “buy” rating on shares of Capital One Financial in a research report on Wednesday, November 26th. Finally, UBS Group lowered their price target on Capital One Financial from $270.00 to $266.00 and set a “buy” rating on the stock in a report on Tuesday, October 7th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Capital One Financial presently has an average rating of “Moderate Buy” and a consensus target price of $261.63.

Capital One Financial Stock Performance

The company has a market capitalization of $147.09 billion, a P/E ratio of 97.62, a price-to-earnings-growth ratio of 0.55 and a beta of 1.16. The business has a 50 day moving average of $215.82 and a 200 day moving average of $213.42. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.45.

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

Capital One Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Monday, November 17th. This is a positive change from Capital One Financial’s previous quarterly dividend of $0.60. This represents a $3.20 dividend on an annualized basis and a yield of 1.4%. Capital One Financial’s payout ratio is currently 135.02%.

Insider Buying and Selling at Capital One Financial

In related news, insider Neal Blinde sold 43,200 shares of the stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $221.83, for a total value of $9,583,056.00. Following the completion of the transaction, the insider owned 73,020 shares of the company’s stock, valued at approximately $16,198,026.60. This trade represents a 37.17% 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 Richard D. Fairbank sold 103,487 shares of Capital One Financial stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $220.68, for a total value of $22,837,511.16. Following the completion of the transaction, the chief executive officer owned 4,001,228 shares of the company’s stock, valued at approximately $882,990,995.04. This represents a 2.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 280,218 shares of company stock valued at $62,395,804 over the last ninety days. Corporate insiders own 1.26% of the company’s stock.

Institutional Investors Weigh In On Capital One Financial

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

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.