Capital One Financial (NYSE:COF) Sets New 52-Week High on Earnings Beat

Capital One Financial Co. (NYSE:COF) hit a new 52-week high during trading on Friday following a better than expected earnings announcement. The stock traded as high as $167.62 and last traded at $165.35, with a volume of 1865809 shares traded. The stock had previously closed at $153.26.

The financial services provider reported $4.51 EPS for the quarter, beating the consensus estimate of $3.70 by $0.81. Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The firm had revenue of $10 billion during the quarter, compared to analysts’ expectations of $9.88 billion. During the same quarter last year, the firm earned $4.45 earnings per share. The business’s revenue for the quarter was up 6.8% on a year-over-year basis.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were issued a $0.60 dividend. The ex-dividend date was Monday, August 12th. This represents a $2.40 annualized dividend and a dividend yield of 1.49%. Capital One Financial’s dividend payout ratio is presently 18.79%.

Analyst Ratings Changes

Several equities research analysts recently commented on COF shares. Evercore ISI cut their price target on Capital One Financial from $166.00 to $163.00 and set an “in-line” rating for the company in a report on Monday, October 7th. JPMorgan Chase & Co. increased their price target on Capital One Financial from $156.00 to $157.00 and gave the company a “neutral” rating in a report on Monday, October 7th. Citigroup assumed coverage on Capital One Financial in a report on Friday, September 20th. They issued a “buy” rating and a $190.00 price target for the company. Robert W. Baird raised their target price on Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Bank of America raised their target price on Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Twelve equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Capital One Financial currently has a consensus rating of “Hold” and an average target price of $152.39.

Insider Activity

In other news, insider Frank G. LapradeIii sold 15,751 shares of Capital One Financial stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $160.00, for a total value of $2,520,160.00. Following the completion of the sale, the insider now directly owns 44,711 shares of the company’s stock, valued at approximately $7,153,760. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider Frank G. LapradeIii sold 15,751 shares of Capital One Financial stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $160.00, for a total value of $2,520,160.00. Following the completion of the transaction, the insider now directly owns 44,711 shares in the company, valued at approximately $7,153,760. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Kevin S. Borgmann sold 61,532 shares of Capital One Financial stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 40,934 shares of the company’s stock, valued at approximately $5,438,491.24. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Sunbelt Securities Inc. lifted its holdings in Capital One Financial by 24,525.0% during the 1st quarter. Sunbelt Securities Inc. now owns 985 shares of the financial services provider’s stock worth $147,000 after buying an additional 981 shares during the last quarter. Hennessy Advisors Inc. lifted its holdings in Capital One Financial by 16.7% during the 1st quarter. Hennessy Advisors Inc. now owns 7,000 shares of the financial services provider’s stock worth $1,042,000 after buying an additional 1,000 shares during the last quarter. Kathmere Capital Management LLC lifted its holdings in Capital One Financial by 9.6% during the 1st quarter. Kathmere Capital Management LLC now owns 2,957 shares of the financial services provider’s stock worth $440,000 after buying an additional 258 shares during the last quarter. Trust Co. of Virginia VA purchased a new stake in Capital One Financial during the 1st quarter worth about $224,000. Finally, Vicus Capital purchased a new stake in Capital One Financial during the 1st quarter worth about $203,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Price Performance

The company has a market capitalization of $61.33 billion, a PE ratio of 12.63, a P/E/G ratio of 1.22 and a beta of 1.44. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.81. The stock has a fifty day simple moving average of $147.39 and a 200-day simple moving average of $142.75.

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.