Capital One Financial (NYSE:COF) Releases Earnings Results, Beats Expectations By $0.31 EPS

Capital One Financial Co. (NYSE:COF) announced its quarterly earnings data on Tuesday. The financial services provider reported $3.09 EPS for the quarter, beating the consensus estimate of $2.78 by $0.31, Zacks reports. The firm had revenue of $10.19 billion for the quarter, compared to the consensus estimate of $10,220,675.12 billion. Capital One Financial had a net margin of 9.46% and a return on equity of 9.50%. The company’s revenue was up 7.2% on a year-over-year basis. During the same period last year, the firm earned $2.81 EPS.

Capital One Financial Stock Performance

Shares of COF stock opened at $201.21 on Thursday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.00 and a current ratio of 1.00. The firm’s 50 day moving average price is $183.98 and its 200-day moving average price is $161.38. Capital One Financial Co. has a one year low of $128.23 and a one year high of $202.15. The firm has a market cap of $76.71 billion, a P/E ratio of 17.36, a P/E/G ratio of 1.24 and a beta of 1.46.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th were issued a $0.60 dividend. The ex-dividend date was Thursday, November 14th. This represents a $2.40 dividend on an annualized basis and a yield of 1.19%. Capital One Financial’s payout ratio is 20.71%.

Analyst Ratings Changes

A number of brokerages have issued reports on COF. UBS Group raised shares of Capital One Financial from a “neutral” rating to a “buy” rating and increased their price objective for the company from $168.00 to $235.00 in a report on Monday, January 13th. Robert W. Baird upped their target price on shares of Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Hsbc Global Res raised Capital One Financial from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 14th. The Goldman Sachs Group lifted their price target on shares of Capital One Financial from $182.00 to $205.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, Truist Financial started coverage on Capital One Financial in a research report on Tuesday, January 7th. They issued a “buy” rating and a $229.00 price target for the company. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $190.47.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Mark Daniel Mouadeb sold 1,994 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $162.37, for a total transaction of $323,765.78. Following the transaction, the insider now owns 19,776 shares of the company’s stock, valued at approximately $3,211,029.12. This trade represents a 9.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Michael Zamsky sold 10,541 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total value of $2,005,530.66. Following the transaction, the insider now owns 26,482 shares in the company, valued at $5,038,465.32. This represents a 28.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,256 shares of company stock worth $2,462,487 over the last ninety days. Company insiders own 1.30% 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.