Capital One Financial (NYSE:COF) Hits New 52-Week High – Time to Buy?

Shares of Capital One Financial Co. (NYSE:COF) hit a new 52-week high during trading on Friday . The company traded as high as $154.57 and last traded at $153.91, with a volume of 161260 shares trading hands. The stock had previously closed at $151.13.

Analysts Set New Price Targets

COF has been the subject of a number of research reports. Royal Bank of Canada restated a “sector perform” rating and issued a $150.00 target price on shares of Capital One Financial in a research note on Thursday, July 25th. Citigroup assumed coverage on Capital One Financial in a research note on Friday, September 20th. They issued a “buy” rating and a $190.00 target price for the company. Bank of America lifted their price target on Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Evercore ISI cut their price target on Capital One Financial from $166.00 to $163.00 and set an “in-line” rating on the stock in a report on Monday, October 7th. Finally, Barclays lifted their price target on Capital One Financial from $154.00 to $158.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Capital One Financial presently has an average rating of “Hold” and a consensus target price of $148.00.

Capital One Financial Stock Performance

The stock has a market cap of $59.19 billion, a P/E ratio of 12.19, a PEG ratio of 1.22 and a beta of 1.44. The company has a fifty day moving average of $143.29 and a 200 day moving average of $142.00. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.00 and a quick ratio of 1.00.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.28 by ($0.14). The company had revenue of $9.51 billion during the quarter, compared to the consensus estimate of $9.57 billion. Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. Capital One Financial’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $3.52 EPS. On average, equities analysts predict that Capital One Financial Co. will post 12.87 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders 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 1.54%. Capital One Financial’s dividend payout ratio is currently 18.79%.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, CEO Kevin S. Borgmann sold 61,532 shares of Capital One Financial stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the transaction, the chief executive officer now directly owns 40,934 shares in the company, valued at approximately $5,438,491.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Capital One Financial news, insider Robert M. Alexander sold 30,742 shares of Capital One Financial stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the transaction, the insider now directly owns 73,734 shares in the company, valued at approximately $11,060,100. The trade was a 0.00 % decrease in their position. 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 the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the transaction, the chief executive officer now owns 40,934 shares in the company, valued at approximately $5,438,491.24. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Capital One Financial

Several institutional investors and hedge funds have recently modified their holdings of COF. Silicon Valley Capital Partners purchased a new position in shares of Capital One Financial during the 1st quarter valued at $25,000. LRI Investments LLC purchased a new position in shares of Capital One Financial during the 1st quarter valued at $25,000. Y.D. More Investments Ltd purchased a new position in shares of Capital One Financial during the 2nd quarter valued at $28,000. Hobbs Group Advisors LLC purchased a new position in shares of Capital One Financial during the 2nd quarter valued at $29,000. Finally, Rise Advisors LLC purchased a new position in shares of Capital One Financial during the 1st quarter valued at $33,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

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.