Capital One Financial (NYSE:COF) Issues Earnings Results, Beats Estimates By $1.12 EPS

Capital One Financial Corporation (NYSE:COF) announced its quarterly earnings data on Tuesday. The financial services provider reported $5.81 EPS for the quarter, beating analysts’ consensus estimates of $4.69 by $1.12, FiscalAI reports. The company had revenue of $15.83 billion during the quarter, compared to the consensus estimate of $15.77 billion. Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%.

Capital One Financial Price Performance

Shares of NYSE COF traded down $0.44 during midday trading on Tuesday, reaching $206.33. The company’s stock had a trading volume of 3,919,146 shares, compared to its average volume of 5,111,920. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $128.40 billion, a P/E ratio of 72.40, a P/E/G ratio of 0.75 and a beta of 1.02. The business’s 50 day moving average price is $193.93 and its two-hundred day moving average price is $201.42. Capital One Financial Corporation has a fifty-two week low of $174.24 and a fifty-two week high of $259.64.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Tuesday, May 19th. Capital One Financial’s payout ratio is presently 112.28%.

Insider Buying and Selling

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 3,500 shares of the firm’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $208.00, for a total transaction of $728,000.00. Following the transaction, the general counsel owned 90,194 shares in the company, valued at $18,760,352. This trade represents a 3.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,749 shares of Capital One Financial stock in a transaction on Friday, May 1st. The shares were sold at an average price of $192.58, for a total value of $336,822.42. Following the completion of the transaction, the insider directly owned 61,579 shares of the company’s stock, valued at $11,858,883.82. This represents a 2.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 8,749 shares of company stock worth $1,708,577 in the last three months. 0.78% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Capital One Financial

A number of large investors have recently bought and sold shares of COF. Viking Global Investors LP lifted its stake in Capital One Financial by 30.3% during the third quarter. Viking Global Investors LP now owns 7,388,506 shares of the financial services provider’s stock worth $1,570,649,000 after purchasing an additional 1,717,148 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Capital One Financial by 64.9% in the 4th quarter. AQR Capital Management LLC now owns 3,366,692 shares of the financial services provider’s stock valued at $815,951,000 after purchasing an additional 1,324,845 shares during the last quarter. Alliancebernstein L.P. raised its holdings in shares of Capital One Financial by 61.8% during the 2nd quarter. Alliancebernstein L.P. now owns 1,969,661 shares of the financial services provider’s stock worth $419,065,000 after buying an additional 752,461 shares in the last quarter. TOMS Capital Investment Management LP bought a new stake in shares of Capital One Financial during the 2nd quarter worth $130,847,000. Finally, Ameriprise Financial Inc. lifted its position in shares of Capital One Financial by 137.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,052,809 shares of the financial services provider’s stock worth $223,995,000 after buying an additional 609,162 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on COF. TD Cowen dropped their price objective on Capital One Financial from $260.00 to $253.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft reduced their target price on Capital One Financial from $256.00 to $250.00 and set a “hold” rating for the company in a research note on Wednesday, April 22nd. Evercore cut their price target on Capital One Financial from $265.00 to $222.00 and set an “outperform” rating for the company in a report on Monday, April 6th. Barclays set a $242.00 price objective on shares of Capital One Financial in a research report on Tuesday, July 7th. Finally, Bank of America decreased their price target on shares of Capital One Financial from $234.00 to $231.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Twenty equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Capital One Financial currently has a consensus rating of “Moderate Buy” and an average target price of $259.91.

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.