Capital One Financial (NYSE:COF) Hits New 52-Week High - Time to Buy?

Shares of Capital One Financial Corporation (NYSE:COF) hit a new 52-week high during trading on Wednesday . The stock traded as high as $216.81 and last traded at $215.01, with a volume of 4921471 shares changing hands. The stock had previously closed at $212.76.

Analysts Set New Price Targets

COF has been the subject of several analyst reports. Evercore ISI raised Capital One Financial from an "in-line" rating to an "outperform" rating and set a $200.00 target price for the company in a research note on Wednesday, March 12th. JPMorgan Chase & Co. boosted their price objective on Capital One Financial from $183.00 to $210.00 and gave the stock a "neutral" rating in a research report on Thursday, June 26th. Bank of America lifted their price objective 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. Robert W. Baird raised Capital One Financial from a "neutral" rating to an "outperform" rating and increased their target price for the company from $190.00 to $200.00 in a report on Tuesday, March 11th. Finally, Baird R W raised Capital One Financial from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 11th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $215.86.

Capital One Financial Stock Performance

The company has a market cap of $83.90 billion, a PE ratio of 18.39, a P/E/G ratio of 0.89 and a beta of 1.15. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.97 and a current ratio of 0.98. The stock's 50-day simple moving average is $194.04 and its 200 day simple moving average is $186.82.

Capital One Financial (NYSE:COF - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.75 by $0.31. Capital One Financial had a return on equity of 9.63% and a net margin of 9.65%. The business had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.07 billion. As a group, equities analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date was Friday, May 23rd. Capital One Financial's dividend payout ratio (DPR) is currently 20.15%.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 9,560 shares of Capital One Financial stock in a transaction dated Monday, May 12th. The shares were 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. The trade was a 32.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ann F. Hackett sold 1,658 shares of the stock in a transaction 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 sale, the director directly owned 56,244 shares in the company, valued at approximately $11,175,682.80. The trade was a 2.86% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.26% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. WPG Advisers LLC acquired a new stake in Capital One Financial during the 1st quarter worth approximately $25,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Capital One Financial during the 4th quarter worth $27,000. Saudi Central Bank purchased a new position in shares of Capital One Financial during the 1st quarter valued at approximately $27,000. SBI Securities Co. Ltd. acquired a new position in Capital One Financial in the fourth quarter worth about $32,000. Finally, Beacon Capital Management LLC increased its holdings in shares of Capital One Financial by 118.3% in the 1st quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 97 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

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.