Capital One Financial (NYSE:COF) Trading Up 3.5% - Time to Buy?

Key Points

• Capital One Financial shares increased by 3.5% during trading, reaching $210.27, although this was on reduced trading volume, down 71% from average levels.
• Recent analyst ratings show a range of price targets with JPMorgan reducing their target to $235.00, while TD Cowen increased theirs to $261.00, reflecting a generally positive outlook on the stock.
• The company reported $5.48 earnings per share for the last quarter, significantly outperforming estimates, and announced a quarterly dividend yielding 1.1% annually.

Capital One Financial Corporation (NYSE:COF) was up 3.5% during trading on Friday . The company traded as high as $211.41 and last traded at $210.27. Approximately 1,209,015 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 4,199,063 shares. The stock had previously closed at $203.15.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. dropped their price target on Capital One Financial from $248.00 to $235.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 7th. Royal Bank Of Canada increased their price target on Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 23rd. TD Cowen boosted their price objective on shares of Capital One Financial from $258.00 to $261.00 and gave the company a "buy" rating in a research note on Monday, October 6th. Barclays boosted their price objective on shares of Capital One Financial from $253.00 to $257.00 and gave the company an "overweight" rating in a research note on Monday, October 6th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Capital One Financial from $215.00 to $224.00 and gave the company a "hold" rating in a report on Thursday, October 2nd. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $252.78.

Capital One Financial Stock Performance

The stock has a 50-day simple moving average of $218.95 and a 200 day simple moving average of $203.00. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market capitalization of $134.63 billion, a PE ratio of 107.95, a P/E/G ratio of 0.78 and a beta of 1.18.

Capital One Financial (NYSE:COF - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, beating the consensus estimate of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to analysts' expectations of $12.72 billion. During the same quarter last year, the business posted $3.14 earnings per share. The business's revenue was up 31.4% compared to the same quarter last year. Equities analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were paid a $0.60 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a yield of 1.1%. Capital One Financial's dividend payout ratio is presently 123.08%.

Insider Buying and Selling

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the business's stock in a transaction 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 completion of the transaction, the general counsel directly owned 98,486 shares of the company's stock, valued at $20,878,047.14. The trade was a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Timothy P. Golden sold 207 shares of Capital One Financial stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total value of $44,589.87. Following the sale, the chief accounting officer owned 8,780 shares of the company's stock, valued at approximately $1,891,299.80. This represents a 2.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,298 shares of company stock worth $5,103,824 in the last quarter. Corporate 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. Eagle Bay Advisors LLC boosted its position in shares of Capital One Financial by 3.6% during the 2nd quarter. Eagle Bay Advisors LLC now owns 1,407 shares of the financial services provider's stock valued at $299,000 after purchasing an additional 49 shares in the last quarter. Optas LLC lifted its stake in Capital One Financial by 1.4% during the third quarter. Optas LLC now owns 3,484 shares of the financial services provider's stock valued at $741,000 after purchasing an additional 49 shares during the last quarter. Cantor Fitzgerald Investment Advisors L.P. increased its holdings in shares of Capital One Financial by 0.3% in the second quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 16,603 shares of the financial services provider's stock valued at $3,532,000 after buying an additional 50 shares in the last quarter. Atlantic Edge Private Wealth Management LLC increased its holdings in shares of Capital One Financial by 66.7% in the second quarter. Atlantic Edge Private Wealth Management LLC now owns 125 shares of the financial services provider's stock valued at $27,000 after buying an additional 50 shares in the last quarter. Finally, Culbertson A N & Co. Inc. increased its holdings in shares of Capital One Financial by 0.4% in the second quarter. Culbertson A N & Co. Inc. now owns 11,365 shares of the financial services provider's stock valued at $2,418,000 after buying an additional 50 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

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.

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