Capital One Financial (NYSE:COF) Sets New 1-Year High – Still a Buy?

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 $160.45 and last traded at $159.08, with a volume of 234752 shares changing hands. The stock had previously closed at $158.07.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Citigroup assumed coverage on shares of Capital One Financial in a research note on Friday, September 20th. They set a “buy” rating and a $190.00 price target on the stock. Bank of America boosted their price target on shares of Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Evercore ISI cut their price target 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. JPMorgan Chase & Co. boosted 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. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $150.00 price target on shares of Capital One Financial in a research note on Thursday, July 25th. Twelve research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $151.56.

Capital One Financial Trading Up 0.3 %

The business’s 50-day moving average is $144.77 and its two-hundred day moving average is $142.21. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market capitalization of $60.27 billion, a PE ratio of 12.38, a price-to-earnings-growth ratio of 1.22 and a beta of 1.44.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 EPS for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.14). Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. The business had revenue of $9.51 billion during the quarter, compared to analyst estimates of $9.57 billion. During the same period last year, the business posted $3.52 EPS. Capital One Financial’s revenue was up 5.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Capital One Financial Co. will post 12.87 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend was Monday, August 12th. Capital One Financial’s dividend payout ratio (DPR) is currently 18.79%.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, CEO Kevin S. Borgmann sold 61,532 shares of the firm’s stock in a transaction on 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 owns 40,934 shares of the company’s stock, valued at approximately $5,438,491.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. LRI Investments LLC acquired a new position in shares of Capital One Financial during the 1st quarter worth $25,000. Y.D. More Investments Ltd acquired a new position in shares of Capital One Financial during the 2nd quarter worth $28,000. Hobbs Group Advisors LLC acquired a new position in shares of Capital One Financial during the 2nd quarter worth $29,000. Rise Advisors LLC acquired a new position in shares of Capital One Financial during the 1st quarter worth $33,000. Finally, Unique Wealth Strategies LLC purchased a new stake in Capital One Financial during the 2nd quarter worth about $36,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

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.