Capital One Financial (NYSE:COF) Reaches New 12-Month High – Here’s Why

Capital One Financial Co. (NYSE:COF)’s stock price 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 changing hands. The stock had previously closed at $203.91.

Wall Street Analyst Weigh In

A number of research firms recently commented on COF. Hsbc Global Res upgraded Capital One Financial from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Wells Fargo & Company lifted their price target on shares of Capital One Financial from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. Barclays upped their price objective on shares of Capital One Financial from $219.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. UBS Group raised shares of Capital One Financial from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $168.00 to $235.00 in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. increased their price target on Capital One Financial from $162.00 to $186.00 and gave the stock a “neutral” rating in a research note on Monday, December 9th. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $196.31.

Capital One Financial Stock Down 0.3 %

The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $77.78 billion, a price-to-earnings ratio of 17.60, a price-to-earnings-growth ratio of 1.25 and a beta of 1.46. The firm’s 50-day moving average price is $187.16 and its 200-day moving average price is $164.67.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, beating the consensus estimate of $2.78 by $0.31. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The company had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same period last year, the company posted $2.81 earnings per share. The firm’s revenue was up 7.2% compared to the same quarter last year. Sell-side analysts forecast that Capital One Financial Co. will post 15.4 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Thursday, November 14th. Capital One Financial’s dividend payout ratio (DPR) is 20.71%.

Insider Transactions at Capital One Financial

In other news, insider Kara West sold 721 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $184.73, for a total value of $133,190.33. Following the completion of the sale, the insider now owns 12,929 shares of the company’s stock, valued at approximately $2,388,374.17. The trade was a 5.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Zamsky sold 10,541 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the transaction, the insider now directly owns 26,482 shares in the company, valued at $5,038,465.32. The trade was a 28.47 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,256 shares of company stock valued at $2,462,487. Corporate insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of COF. Bfsg LLC acquired a new stake in Capital One Financial during the fourth quarter worth about $27,000. Decker Retirement Planning Inc. acquired a new stake in shares of Capital One Financial during the 4th quarter worth approximately $32,000. Catalyst Capital Advisors LLC acquired a new position in Capital One Financial during the 3rd quarter valued at approximately $36,000. Sierra Ocean LLC acquired a new position in shares of Capital One Financial during the fourth quarter valued at $48,000. Finally, Creative Financial Designs Inc. ADV grew its position in Capital One Financial by 135.0% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 289 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 166 shares during the last quarter. 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.