Capital One Financial (NYSE:COF) Shares Gap Up - Time to Buy?

Capital One Financial Co. (NYSE:COF)'s share price gapped up prior to trading on Monday . The stock had previously closed at $162.77, but opened at $169.08. Capital One Financial shares last traded at $163.98, with a volume of 2,058,003 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on COF shares. Bank of America upgraded Capital One Financial from a "neutral" rating to a "buy" rating and upped their price target for the stock from $207.00 to $235.00 in a report on Wednesday, February 19th. Robert W. Baird upgraded Capital One Financial from a "neutral" rating to an "outperform" rating and raised their price target for the company from $190.00 to $200.00 in a research report on Tuesday, March 11th. Royal Bank of Canada set a $190.00 price objective on shares of Capital One Financial and gave the stock a "sector perform" rating in a research report on Monday, April 14th. Truist Financial raised their target price on shares of Capital One Financial from $215.00 to $225.00 and gave the company a "buy" rating in a report on Friday. Finally, Wells Fargo & Company lifted their target price on shares of Capital One Financial from $210.00 to $225.00 and gave the stock an "overweight" rating in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Capital One Financial has a consensus rating of "Moderate Buy" and an average target price of $207.73.

Capital One Financial Stock Performance

The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The stock's 50-day moving average is $175.76 and its 200-day moving average is $180.32. The stock has a market cap 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 (NYSE:COF - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.75 by $0.31. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The firm had revenue of $10 billion during the quarter, compared to the consensus estimate of $10.07 billion. On average, analysts expect that Capital One Financial Co. will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in COF. Vanguard Group Inc. boosted its position in Capital One Financial by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 31,744,818 shares of the financial services provider's stock valued at $5,660,736,000 after buying an additional 234,863 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Capital One Financial by 3.2% in the fourth quarter. Franklin Resources Inc. now owns 10,718,860 shares of the financial services provider's stock worth $1,911,387,000 after acquiring an additional 331,595 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Capital One Financial by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 8,227,587 shares of the financial services provider's stock valued at $1,467,393,000 after purchasing an additional 207,427 shares during the last quarter. FMR LLC grew its stake in Capital One Financial by 21.6% during the 4th quarter. FMR LLC now owns 8,077,886 shares of the financial services provider's stock valued at $1,440,449,000 after purchasing an additional 1,436,935 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Capital One Financial by 21.8% during the 4th quarter. Northern Trust Corp now owns 4,433,401 shares of the financial services provider's stock worth $790,564,000 after purchasing an additional 793,765 shares during the last quarter. 89.84% of the stock is 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.