Capital One Financial (NYSE:COF) Sets New 1-Year High – What’s Next?

Capital One Financial Co. (NYSE:COF) shares reached a new 52-week high on Wednesday . The stock traded as high as $195.19 and last traded at $191.01, with a volume of 206203 shares. The stock had previously closed at $166.05.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on COF. Evercore ISI boosted their target price on shares of 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. Barclays boosted their target price on shares of Capital One Financial from $154.00 to $158.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. boosted their target price on shares of Capital One Financial from $156.00 to $157.00 and gave the stock a “neutral” rating in a research report on Monday, October 7th. Bank of America boosted their target price on shares of Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Finally, Royal Bank of Canada boosted their price objective on shares of Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. Eleven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $156.35.

Capital One Financial Trading Up 15.0 %

The firm has a market capitalization of $72.86 billion, a price-to-earnings ratio of 17.97, a price-to-earnings-growth ratio of 1.24 and a beta of 1.43. The firm’s 50 day moving average is $150.99 and its 200 day moving average is $144.10. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.78.

Capital One Financial (NYSE:COF) last released its earnings results on Thursday, October 24th. The financial services provider reported $4.51 EPS 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 analyst estimates of $9.88 billion. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the business earned $4.45 earnings per share. Equities analysts forecast that Capital One Financial Co. will post 13.17 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, November 14th will be given a $0.60 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $2.40 annualized dividend and a dividend yield of 1.26%. Capital One Financial’s dividend payout ratio (DPR) is presently 22.66%.

Insider Activity at Capital One Financial

In related news, insider Frank G. LapradeIii sold 15,751 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $160.00, for a total value of $2,520,160.00. Following the completion of the sale, the insider now owns 44,711 shares in the company, valued at approximately $7,153,760. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Asset Management One Co. Ltd. increased its stake in Capital One Financial by 5.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 146,769 shares of the financial services provider’s stock valued at $21,976,000 after buying an additional 7,331 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in Capital One Financial by 21.4% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 27,493 shares of the financial services provider’s stock valued at $4,093,000 after buying an additional 4,840 shares during the period. Twin Tree Management LP increased its stake in shares of Capital One Financial by 5.6% during the 1st quarter. Twin Tree Management LP now owns 68,504 shares of the financial services provider’s stock worth $10,200,000 after purchasing an additional 3,609 shares during the last quarter. Clear Harbor Asset Management LLC acquired a new position in shares of Capital One Financial during the 2nd quarter worth $511,000. Finally, QRG Capital Management Inc. increased its stake in shares of Capital One Financial by 3.2% during the 2nd quarter. QRG Capital Management Inc. now owns 122,264 shares of the financial services provider’s stock worth $16,927,000 after purchasing an additional 3,776 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

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.