Capital One Financial Corporation (NYSE:COF) Declares Quarterly Dividend of $0.60

Key Points

• Capital One Financial Corporation has announced a quarterly dividend of $0.60 per share, which translates to an annualized dividend of $2.40 and a yield of 1.12%.
• The company reported a quarterly earnings per share (EPS) of $5.48, significantly exceeding the consensus estimate of $1.93, and showing a 31.4% year-over-year revenue increase.
• Analysts maintain a strong positive outlook for Capital One, with multiple firms increasing their price targets, resulting in a consensus rating of "Moderate Buy" and an average target price of $235.40.

Capital One Financial Corporation (NYSE:COF) declared a quarterly dividend on Tuesday, July 29th, RTT News reports. Shareholders of record on Friday, August 15th will be given a dividend of 0.60 per share by the financial services provider on Tuesday, September 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Friday, August 15th.

Capital One Financial has a payout ratio of 12.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Capital One Financial to earn $18.17 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 13.2%.

Capital One Financial Price Performance

Shares of COF stock traded up $1.47 on Wednesday, reaching $215.29. 3,470,508 shares of the company were exchanged, compared to its average volume of 3,702,304. The company has a market cap of $82.49 billion, a price-to-earnings ratio of 110.41, a P/E/G ratio of 0.84 and a beta of 1.15. The business has a 50-day moving average price of $205.92 and a 200 day moving average price of $192.22. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. Capital One Financial has a 1 year low of $128.23 and a 1 year high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last released its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping analysts' consensus estimates of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to analysts' expectations of $12.72 billion. The firm's revenue for the quarter was up 31.4% on a year-over-year basis. During the same period in the prior year, the firm earned $3.14 EPS. Equities research analysts forecast that Capital One Financial will post 15.65 earnings per share for the current fiscal year.

Insider Transactions at Capital One Financial

In other news, Director Ann F. Hackett sold 1,658 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $198.70, for a total value of $329,444.60. Following the transaction, the director directly owned 56,244 shares in the company, valued at approximately $11,175,682.80. This represents a 2.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Zamsky sold 9,560 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $199.40, for a total transaction of $1,906,264.00. Following the completion of the transaction, the insider owned 20,089 shares in the company, valued at approximately $4,005,746.60. This represents a 32.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,332 shares of company stock worth $4,540,285. 1.26% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Capital One Financial

An institutional investor recently raised its position in Capital One Financial stock. Intech Investment Management LLC lifted its stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 44.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,968 shares of the financial services provider's stock after acquiring an additional 2,753 shares during the quarter. Intech Investment Management LLC's holdings in Capital One Financial were worth $1,608,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 89.84% of the company's stock.

Analysts Set New Price Targets

COF has been the subject of a number of research reports. Wall Street Zen raised shares of Capital One Financial from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Bank of America boosted their price target on shares of Capital One Financial from $223.00 to $233.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Keefe, Bruyette & Woods boosted their price target on shares of Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada boosted their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $235.40.

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.