Capital One Financial Corporation (NYSE:COF) announced its quarterly earnings data on Tuesday. The financial services provider reported $5.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.25 by $1.70, Zacks reports.
Capital One Financial Stock Performance
Shares of Capital One Financial stock traded up $2.44 on Tuesday, reaching $217.31. 5,292,284 shares of the company were exchanged, compared to its average volume of 4,221,045. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. The company's 50-day moving average is $219.15 and its two-hundred day moving average is $204.10. The firm has a market cap of $138.97 billion, a price-to-earnings ratio of 111.44, a P/E/G ratio of 0.76 and a beta of 1.18. Capital One Financial Corporation has a 1-year low of $143.22 and a 1-year high of $232.45.
Capital One Financial Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial's dividend payout ratio is presently 123.08%.
Wall Street Analyst Weigh In
Several analysts have issued reports on COF shares. TD Cowen upped their price objective on Capital One Financial from $258.00 to $261.00 and gave the company a "buy" rating in a research note on Monday, October 6th. UBS Group cut their price objective on Capital One Financial from $270.00 to $266.00 and set a "buy" rating on the stock in a research note on Tuesday, October 7th. The Goldman Sachs Group cut their price objective on Capital One Financial from $276.00 to $266.00 and set a "buy" rating on the stock in a research note on Friday, October 3rd. Robert W. Baird upped their price objective on Capital One Financial from $240.00 to $245.00 and gave the company an "outperform" rating in a research note on Thursday, October 2nd. Finally, Morgan Stanley upped their price objective on Capital One Financial from $261.00 to $267.00 and gave the company an "overweight" rating in a research note on Monday, September 29th. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Capital One Financial currently has an average rating of "Moderate Buy" and an average target price of $252.78.
Read Our Latest Report on COF
Insiders Place Their Bets
In related news, General Counsel Matthew W. Cooper sold 2,000 shares of the firm's stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total value of $423,980.00. Following the sale, the general counsel directly owned 98,486 shares in the company, valued at $20,878,047.14. This trade represents a 1.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Timothy P. Golden sold 207 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total value of $44,589.87. Following the completion of the sale, the chief accounting officer owned 8,780 shares in the company, valued at approximately $1,891,299.80. This represents a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,298 shares of company stock valued at $5,103,824 in the last quarter. 1.26% of the stock is owned by insiders.
Institutional Trading of Capital One Financial
Several large investors have recently added to or reduced their stakes in COF. Brighton Jones LLC increased its position in Capital One Financial by 330.1% in the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider's stock valued at $2,423,000 after acquiring an additional 10,428 shares during the period. Intech Investment Management LLC increased its position in Capital One Financial by 44.3% in the 1st quarter. Intech Investment Management LLC now owns 8,968 shares of the financial services provider's stock valued at $1,608,000 after acquiring an additional 2,753 shares during the period. Sivia Capital Partners LLC increased its position in Capital One Financial by 118.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,300 shares of the financial services provider's stock valued at $702,000 after acquiring an additional 1,788 shares during the period. Flow Traders U.S. LLC acquired a new position in shares of Capital One Financial during the 2nd quarter valued at $218,000. Finally, Jump Financial LLC acquired a new position in shares of Capital One Financial during the 2nd quarter valued at $1,086,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.
Capital One Financial Company Profile
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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.
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