Capital One Financial (NYSE:COF) Reaches New 12-Month High – What’s Next?

Capital One Financial Co. (NYSE:COF)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $207.64 and last traded at $206.98, with a volume of 268321 shares trading hands. The stock had previously closed at $203.91.

Analyst Ratings Changes

COF has been the subject of several recent research reports. Bank of America downgraded Capital One Financial from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $203.00 to $200.00 in a report on Monday, December 9th. Barclays boosted their price target on shares of Capital One Financial from $219.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. UBS Group raised Capital One Financial from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $168.00 to $235.00 in a report on Monday, January 13th. Truist Financial raised their price target on Capital One Financial from $229.00 to $257.00 and gave the company a “buy” rating in a report on Monday. Finally, Keefe, Bruyette & Woods increased their price objective on Capital One Financial from $185.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Nine research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $196.31.

Capital One Financial Trading Up 0.9 %

The company has a quick ratio of 1.00, a current ratio of 0.98 and a debt-to-equity ratio of 0.74. The business’s fifty day moving average is $186.38 and its 200-day moving average is $163.97. The stock has a market capitalization of $78.43 billion, a PE ratio of 17.77, a P/E/G ratio of 1.29 and a beta of 1.46.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.31. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The business had revenue of $10.19 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same period in the prior year, the firm posted $2.81 EPS. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. As a group, analysts anticipate that Capital One Financial Co. will post 15.22 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Thursday, November 14th. Capital One Financial’s dividend payout ratio is currently 20.71%.

Insider Activity at Capital One Financial

In other news, insider Mark Daniel Mouadeb sold 1,994 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $162.37, for a total value of $323,765.78. Following the completion of the transaction, the insider now directly owns 19,776 shares in the company, valued at approximately $3,211,029.12. This represents a 9.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Zamsky sold 10,541 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the completion of the transaction, the insider now owns 26,482 shares in the company, valued at $5,038,465.32. This represents a 28.47 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,256 shares of company stock worth $2,462,487. Company insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Decker Retirement Planning Inc. acquired a new stake in shares of Capital One Financial during the fourth quarter worth approximately $32,000. Catalyst Capital Advisors LLC bought a new stake in shares of Capital One Financial in the 3rd quarter worth about $36,000. Creative Financial Designs Inc. ADV raised its stake in shares of Capital One Financial by 135.0% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 289 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 166 shares in the last quarter. Eastern Bank acquired a new position in Capital One Financial in the third quarter worth about $44,000. Finally, Prospera Private Wealth LLC bought a new stake in Capital One Financial in the third quarter valued at about $47,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

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.