Capital One Financial (NYSE:COF) Sets New 12-Month High on Analyst Upgrade

Shares of Capital One Financial Corporation (NYSE:COF) reached a new 52-week high during mid-day trading on Wednesday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from $240.00 to $263.00. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock. Capital One Financial traded as high as $244.82 and last traded at $242.3560, with a volume of 231743 shares trading hands. The stock had previously closed at $241.61.

Several other brokerages also recently weighed in on COF. The Goldman Sachs Group upped their target price on shares of Capital One Financial from $266.00 to $276.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. BTIG Research restated a “buy” rating and set a $264.00 target price on shares of Capital One Financial in a research note on Wednesday, October 22nd. Barclays increased their price objective on shares of Capital One Financial from $257.00 to $271.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Cowen reissued a “buy” rating on shares of Capital One Financial in a research report on Wednesday, November 26th. Finally, Evercore ISI lifted their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 30th. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $264.25.

Insider Activity

In other news, insider Celia Karam sold 2,936 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $218.15, for a total transaction of $640,488.40. Following the transaction, the insider directly owned 63,433 shares of the company’s stock, valued at $13,837,908.95. This represents a 4.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Frank G. LapradeIii sold 17,840 shares of the stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $222.03, for a total transaction of $3,961,015.20. Following the completion of the transaction, the insider owned 48,315 shares of the company’s stock, valued at $10,727,379.45. This represents a 26.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 280,218 shares of company stock valued at $62,395,804 over the last three months. 1.26% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its holdings in shares of Capital One Financial by 330.1% in the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock worth $2,423,000 after acquiring an additional 10,428 shares during the period. Cresset Asset Management LLC grew its holdings in Capital One Financial by 3.1% in the first quarter. Cresset Asset Management LLC now owns 20,307 shares of the financial services provider’s stock valued at $3,641,000 after purchasing an additional 610 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of Capital One Financial by 12.6% in the first quarter. Raymond James Financial Inc. now owns 726,873 shares of the financial services provider’s stock valued at $130,328,000 after buying an additional 81,452 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of Capital One Financial by 3.4% in the first quarter. Steward Partners Investment Advisory LLC now owns 22,909 shares of the financial services provider’s stock valued at $4,108,000 after buying an additional 757 shares in the last quarter. Finally, Brooklyn Investment Group raised its stake in shares of Capital One Financial by 19.2% during the 1st quarter. Brooklyn Investment Group now owns 1,853 shares of the financial services provider’s stock worth $332,000 after buying an additional 298 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Stock Up 0.1%

The firm has a market capitalization of $153.69 billion, a PE ratio of 102.01, a price-to-earnings-growth ratio of 0.57 and a beta of 1.16. The firm’s 50-day moving average is $218.88 and its 200 day moving average is $215.97. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.03 and a current ratio of 1.03.

Capital One Financial (NYSE:COF) last posted its earnings results on Monday, November 3rd. The financial services provider reported $5.95 earnings per share for the quarter. The firm had revenue of $15.46 billion during the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. As a group, research analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were paid a $0.80 dividend. The ex-dividend date was Monday, November 17th. This is an increase from Capital One Financial’s previous quarterly dividend of $0.60. This represents a $3.20 annualized dividend and a yield of 1.3%. Capital One Financial’s payout ratio is currently 135.02%.

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.