Capital One Financial (NYSE:COF) Sets New 52-Week Low – What’s Next?

Capital One Financial Corporation (NYSE:COF)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $174.24 and last traded at $175.1110, with a volume of 545013 shares. The stock had previously closed at $177.63.

Wall Street Analyst Weigh In

COF has been the subject of several research reports. BTIG Research reiterated a “buy” rating and set a $224.00 price objective on shares of Capital One Financial in a research note on Wednesday, April 22nd. TD Cowen dropped their price target on Capital One Financial from $290.00 to $260.00 and set a “buy” rating for the company in a research report on Tuesday, March 31st. Jefferies Financial Group restated a “buy” rating and issued a $300.00 price target on shares of Capital One Financial in a research report on Monday, March 16th. Royal Bank Of Canada dropped their price target on Capital One Financial from $275.00 to $235.00 and set a “sector perform” rating for the company in a research report on Friday, April 10th. Finally, Evercore dropped their price target on Capital One Financial from $265.00 to $222.00 and set an “outperform” rating for the company in a research report on Monday, April 6th. Seventeen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $258.75.

Capital One Financial Stock Up 1.3%

The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.46. The business has a 50-day moving average price of $189.13 and a 200-day moving average price of $207.36. The firm has a market capitalization of $114.78 billion, a PE ratio of 64.72, a price-to-earnings-growth ratio of 0.65 and a beta of 1.03.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.08 by ($0.66). Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. The company had revenue of $15.23 billion during the quarter, compared to analysts’ expectations of $15.68 billion. During the same quarter last year, the company earned $4.06 earnings per share. Capital One Financial’s revenue for the quarter was up 52.3% on a year-over-year basis. Equities research analysts forecast that Capital One Financial Corporation will post 19.51 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 19th were issued a $0.80 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $3.20 dividend on an annualized basis and a yield of 1.7%. Capital One Financial’s dividend payout ratio is currently 112.28%.

Insider Activity at Capital One Financial

In related news, insider Lia Dean sold 1,692 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $185.61, for a total value of $314,052.12. Following the transaction, the insider directly owned 65,454 shares in the company, valued at approximately $12,148,916.94. This represents a 2.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $183.93, for a total value of $643,755.00. Following the completion of the transaction, the general counsel owned 97,194 shares in the company, valued at $17,876,892.42. This represents a 3.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 8,040 shares of company stock worth $1,498,615. Insiders own 0.78% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Evolution Wealth Management Inc. lifted its holdings in Capital One Financial by 529.4% in the fourth quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 90 shares during the last quarter. VSM Wealth Advisory LLC acquired a new position in Capital One Financial during the fourth quarter worth $27,000. Cherry Tree Wealth Management LLC lifted its stake in Capital One Financial by 1,312.5% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 105 shares in the last quarter. Osterweis Capital Management Inc. acquired a new position in Capital One Financial during the fourth quarter worth $29,000. Finally, CrossGen Wealth LLC acquired a new position in Capital One Financial during the fourth quarter worth $30,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

About Capital One Financial

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.