Capital One Financial (NYSE:COF) Reaches New 52-Week High – Should You Buy?

Capital One Financial Co. (NYSE:COF) shares reached a new 52-week high on Thursday . The stock traded as high as $160.45 and last traded at $159.08, with a volume of 234752 shares traded. The stock had previously closed at $158.07.

Wall Street Analyst Weigh In

Several equities analysts have commented on COF shares. Royal Bank of Canada reiterated a “sector perform” rating and set a $150.00 price target on shares of Capital One Financial in a report on Thursday, July 25th. Barclays raised their target price on shares of Capital One Financial from $154.00 to $158.00 and gave the company an “equal weight” rating in a research note 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. Evercore ISI lowered their price target on Capital One Financial from $166.00 to $163.00 and set an “in-line” rating on the stock in a research report on Monday, October 7th. Finally, Citigroup started coverage on Capital One Financial in a research report on Friday, September 20th. They set a “buy” rating and a $190.00 price objective for the company. Twelve investment 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 stock presently has an average rating of “Hold” and a consensus price target of $151.56.

Capital One Financial Stock Performance

The firm has a market capitalization of $60.46 billion, a price-to-earnings ratio of 12.45, a price-to-earnings-growth ratio of 1.22 and a beta of 1.44. The firm’s 50-day moving average price is $145.76 and its two-hundred day moving average price is $142.43. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.00 and a current ratio of 1.00.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.14). Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. The company had revenue of $9.51 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same period in the previous year, the firm posted $3.52 earnings per share. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. Sell-side analysts predict that Capital One Financial Co. will post 12.87 earnings per share for the current year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were issued a dividend of $0.60 per share. The ex-dividend date was Monday, August 12th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.51%. Capital One Financial’s payout ratio is presently 18.79%.

Insider Activity

In other Capital One Financial news, CEO Kevin S. Borgmann sold 61,532 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total value of $8,175,141.52. Following the transaction, the chief executive officer now directly owns 40,934 shares in the company, valued at $5,438,491.24. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Capital One Financial

Several institutional investors have recently bought and sold shares of the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Capital One Financial by 21.4% in the first 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 last quarter. Twin Tree Management LP lifted its position in shares of Capital One Financial by 5.6% during the first 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 in the last quarter. Clear Harbor Asset Management LLC bought a new stake in shares of Capital One Financial during the second quarter valued at approximately $511,000. QRG Capital Management Inc. increased its holdings in shares of Capital One Financial by 3.2% in the second quarter. QRG Capital Management Inc. now owns 122,264 shares of the financial services provider’s stock valued at $16,927,000 after purchasing an additional 3,776 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its position in Capital One Financial by 20.4% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 15,817 shares of the financial services provider’s stock worth $2,355,000 after purchasing an additional 2,675 shares during the last quarter. Institutional investors 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.