Capital One Financial (NYSE:COF) Reaches New 52-Week High After Earnings Beat

Shares of Capital One Financial Co. (NYSE:COF) hit a new 52-week high during trading on Friday following a stronger than expected earnings report. The company 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.70 by $0.81. The business had revenue of $10 billion for the quarter, compared to analysts’ expectations of $9.88 billion. Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. Capital One Financial’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the business posted $4.45 earnings per share.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend was Monday, August 12th. Capital One Financial’s payout ratio is 18.79%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Citigroup started coverage on shares of Capital One Financial in a research report on Friday, September 20th. They issued a “buy” rating and a $190.00 price target for the company. Barclays increased their target price on Capital One Financial from $154.00 to $158.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Evercore ISI decreased their price target on Capital One Financial from $166.00 to $163.00 and set an “in-line” rating on the stock in a research note on Monday, October 7th. JPMorgan Chase & Co. increased their price objective on Capital One Financial from $156.00 to $157.00 and gave the stock a “neutral” rating in a research note on Monday, October 7th. Finally, Bank of America boosted their target price on shares of Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Twelve analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Capital One Financial has an average rating of “Hold” and an average price target of $152.39.

Insider Activity

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 transaction 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 $7,153,760. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Capital One Financial news, CEO Kevin S. Borgmann sold 61,532 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 40,934 shares of the company’s stock, valued at approximately $5,438,491.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $2,520,160.00. Following the transaction, the insider now directly owns 44,711 shares in the company, valued at approximately $7,153,760. 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 currently owned by company insiders.

Institutional Trading of Capital One Financial

A number of large investors have recently made changes to their positions in COF. Arkadios Wealth Advisors grew its stake in Capital One Financial by 3.9% in the third quarter. Arkadios Wealth Advisors now owns 1,780 shares of the financial services provider’s stock valued at $266,000 after acquiring an additional 66 shares during the period. Financial Security Advisor Inc. grew its position in shares of Capital One Financial by 2.4% in the 1st quarter. Financial Security Advisor Inc. now owns 3,255 shares of the financial services provider’s stock valued at $485,000 after purchasing an additional 75 shares during the period. Valley National Advisers Inc. increased its stake in Capital One Financial by 0.5% during the 1st quarter. Valley National Advisers Inc. now owns 16,366 shares of the financial services provider’s stock worth $2,435,000 after purchasing an additional 75 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in Capital One Financial by 11.7% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 718 shares of the financial services provider’s stock worth $107,000 after buying an additional 75 shares during the period. Finally, Bangor Savings Bank lifted its stake in Capital One Financial by 20.8% in the third quarter. Bangor Savings Bank now owns 448 shares of the financial services provider’s stock valued at $67,000 after buying an additional 77 shares in the last quarter. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Price Performance

The company’s fifty day moving average price is $147.82 and its two-hundred day moving average price is $142.87. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.81. The company has a market cap of $61.31 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 1.22 and a beta of 1.44.

About Capital One Financial

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.