Capital One Financial (NYSE:COF) Releases Quarterly Earnings Results

Capital One Financial Co. (NYSE:COF) announced its earnings results on Tuesday. The financial services provider reported $4.06 EPS for the quarter, beating the consensus estimate of $3.75 by $0.31, Zacks reports. The company had revenue of $10 billion for the quarter, compared to analyst estimates of $10.07 billion. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%.

Capital One Financial Stock Down 1.2 %

COF stock traded down $2.22 during trading on Friday, reaching $182.83. The stock had a trading volume of 3,463,926 shares, compared to its average volume of 3,136,079. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $69.75 billion, a price-to-earnings ratio of 15.77, a P/E/G ratio of 1.19 and a beta of 1.24. Capital One Financial Co. has a one year low of $128.23 and a one year high of $210.67. The company's 50 day moving average is $175.76 and its two-hundred day moving average is $180.52.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend was Tuesday, February 18th. Capital One Financial's payout ratio is currently 20.15%.

Hedge Funds Weigh In On Capital One Financial

A hedge fund recently raised its stake in Capital One Financial stock. Brighton Jones LLC lifted its stake in Capital One Financial Co. (NYSE:COF - Free Report) by 330.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,587 shares of the financial services provider's stock after acquiring an additional 10,428 shares during the period. Brighton Jones LLC's holdings in Capital One Financial were worth $2,423,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 89.84% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on COF shares. JPMorgan Chase & Co. cut their target price on shares of Capital One Financial from $198.00 to $170.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. HSBC upgraded Capital One Financial from a "reduce" rating to a "hold" rating and set a $176.00 target price for the company in a research note on Tuesday, January 14th. Hsbc Global Res raised Capital One Financial from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, January 14th. Truist Financial increased their price target on Capital One Financial from $215.00 to $225.00 and gave the stock a "buy" rating in a report on Friday. Finally, Argus upgraded Capital One Financial to a "strong-buy" rating in a report on Thursday, January 23rd. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $207.73.

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.