Capital One Financial (NYSE:COF) Sets New 12-Month High at $150.63

Capital One Financial Co. (NYSE:COF) reached a new 52-week high on Wednesday . The stock traded as high as $150.63 and last traded at $150.54, with a volume of 75071 shares changing hands. The stock had previously closed at $149.56.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Wells Fargo & Company upped their price target on Capital One Financial from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. Wolfe Research upgraded shares of Capital One Financial from a “peer perform” rating to an “outperform” rating and set a $189.00 target price on the stock in a research note on Thursday, April 4th. Jefferies Financial Group upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and upped their price target for the stock from $145.00 to $165.00 in a research report on Thursday, June 6th. Evercore ISI decreased their price objective on shares of Capital One Financial from $155.00 to $154.00 and set an “in-line” rating on the stock in a research report on Tuesday, June 25th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $159.00 target price on shares of Capital One Financial in a report on Wednesday, March 27th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Capital One Financial has a consensus rating of “Hold” and an average target price of $141.35.

Capital One Financial Stock Performance

The business’s fifty day moving average is $138.55 and its two-hundred day moving average is $137.98. The stock has a market capitalization of $56.91 billion, a PE ratio of 11.71, a price-to-earnings-growth ratio of 1.14 and a beta of 1.45. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.86.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Thursday, April 25th. The financial services provider reported $3.21 EPS for the quarter, missing analysts’ consensus estimates of $3.25 by ($0.04). Capital One Financial had a return on equity of 9.74% and a net margin of 10.19%. The business had revenue of $9.40 billion during the quarter, compared to analysts’ expectations of $9.35 billion. During the same period in the previous year, the business earned $2.31 earnings per share. The business’s quarterly revenue was up 5.6% on a year-over-year basis. As a group, research analysts anticipate that Capital One Financial Co. will post 13.4 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 13th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend was Friday, May 10th. Capital One Financial’s payout ratio is 18.79%.

Insider Transactions at Capital One Financial

In related news, insider Celia Karam sold 16,913 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $142.88, for a total value of $2,416,529.44. Following the completion of the sale, the insider now directly owns 47,081 shares in the company, valued at $6,726,933.28. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Timothy P. Golden sold 8,656 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $144.04, for a total transaction of $1,246,810.24. Following the transaction, the insider now owns 10,246 shares of the company’s stock, valued at $1,475,833.84. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Celia Karam sold 16,913 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $142.88, for a total value of $2,416,529.44. Following the sale, the insider now directly owns 47,081 shares of the company’s stock, valued at $6,726,933.28. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Capital One Financial

Hedge funds have recently bought and sold shares of the business. Lockerman Financial Group Inc. bought a new position in shares of Capital One Financial in the second quarter worth about $249,000. TruWealth Advisors LLC boosted its position in Capital One Financial by 7.1% in the 2nd quarter. TruWealth Advisors LLC now owns 1,990 shares of the financial services provider’s stock valued at $275,000 after buying an additional 132 shares during the period. AdvisorNet Financial Inc grew its stake in Capital One Financial by 2.3% in the 2nd quarter. AdvisorNet Financial Inc now owns 14,739 shares of the financial services provider’s stock worth $2,041,000 after acquiring an additional 329 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of Capital One Financial by 2.4% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 16,203 shares of the financial services provider’s stock worth $2,243,000 after acquiring an additional 386 shares during the period. Finally, PGGM Investments raised its stake in shares of Capital One Financial by 7.9% during the second quarter. PGGM Investments now owns 43,455 shares of the financial services provider’s stock valued at $6,016,000 after acquiring an additional 3,168 shares in the last quarter. Institutional investors own 89.84% of the company’s stock.

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.