Capital One Financial Co. (NYSE:COF) to Issue $0.60 Quarterly Dividend

Capital One Financial Co. (NYSE:COF) declared a quarterly dividend on Monday, November 4th,RTT News reports. Shareholders of record on Thursday, November 14th will be given a dividend of 0.60 per share by the financial services provider on Friday, November 22nd. This represents a $2.40 annualized dividend and a yield of 1.26%. The ex-dividend date is Thursday, November 14th.

Capital One Financial has increased its dividend by an average of 33.9% per year over the last three years. Capital One Financial has a payout ratio of 15.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Capital One Financial to earn $15.74 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 15.2%.

Capital One Financial Price Performance

Shares of Capital One Financial stock opened at $190.21 on Tuesday. Capital One Financial has a 1-year low of $103.79 and a 1-year high of $198.30. The firm has a fifty day simple moving average of $154.34 and a 200-day simple moving average of $145.24. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $72.57 billion, a price-to-earnings ratio of 17.96, a PEG ratio of 1.38 and a beta of 1.43.

Capital One Financial (NYSE:COF) last released its earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, beating the consensus estimate of $3.70 by $0.81. The business had revenue of $10 billion during the quarter, compared to analysts’ expectations of $9.88 billion. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The firm’s revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the company earned $4.45 earnings per share. On average, sell-side analysts expect that Capital One Financial will post 13.46 earnings per share for the current year.

Insider Transactions at Capital One Financial

In related news, insider Frank G. LapradeIii sold 15,751 shares of the firm’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $160.00, for a total transaction of $2,520,160.00. Following the transaction, the insider now directly owns 44,711 shares of the company’s stock, valued at approximately $7,153,760. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Frank G. LapradeIii sold 15,751 shares of the company’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $160.00, for a total transaction of $2,520,160.00. Following the completion of the sale, the insider now directly owns 44,711 shares in the company, valued at $7,153,760. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Mark Daniel Mouadeb sold 1,994 shares of Capital One Financial stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $162.37, for a total transaction of $323,765.78. Following the sale, the insider now directly owns 19,776 shares in the company, valued at $3,211,029.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Citigroup began coverage on shares of Capital One Financial in a research report on Friday, September 20th. They issued a “buy” rating and a $190.00 price objective for the company. JPMorgan Chase & Co. raised their price target on Capital One Financial from $156.00 to $157.00 and gave the stock a “neutral” rating in a research report on Monday, October 7th. Royal Bank of Canada upped their price objective on Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a report on Friday, October 25th. Evercore ISI boosted their target price on Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Finally, Barclays lifted their target price on Capital One Financial from $154.00 to $158.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Eleven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $156.35.

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.