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

Capital One Financial Co. (NYSE:COF) shares reached a new 52-week high on Wednesday following a better than expected earnings announcement. The company traded as high as $198.76 and last traded at $196.59, with a volume of 727318 shares changing hands. The stock had previously closed at $193.21.

The financial services provider reported $3.09 EPS for the quarter, topping the consensus estimate of $2.78 by $0.31. The firm had revenue of $10.19 billion during the quarter, compared to analysts’ expectations of $10,220,675.12 billion. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. Capital One Financial’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the business earned $2.81 earnings per share.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 14th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.21%. Capital One Financial’s dividend payout ratio (DPR) is presently 22.66%.

Wall Street Analyst Weigh In

COF has been the topic of several research analyst reports. Hsbc Global Res upgraded shares of Capital One Financial from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 14th. Truist Financial initiated coverage on Capital One Financial in a research note on Tuesday, January 7th. They issued a “buy” rating and a $229.00 price target on the stock. HSBC raised shares of Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price objective for the company in a research report on Tuesday, January 14th. JPMorgan Chase & Co. raised their target price on shares of Capital One Financial from $162.00 to $186.00 and gave the stock a “neutral” rating in a research note on Monday, December 9th. Finally, Evercore ISI upped their price target on shares of Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Capital One Financial presently has an average rating of “Hold” and an average target price of $188.12.

Insider Buying and Selling

In other Capital One Financial news, insider Mark Daniel Mouadeb sold 1,994 shares of the firm’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 transaction, the insider now directly owns 19,776 shares of the company’s stock, valued at approximately $3,211,029.12. This trade represents a 9.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 value of $2,005,530.66. Following the completion of the transaction, the insider now directly owns 26,482 shares in the company, valued at approximately $5,038,465.32. This represents a 28.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,256 shares of company stock valued at $2,462,487 over the last 90 days. Company insiders own 1.30% of the company’s stock.

Institutional Trading of Capital One Financial

Several hedge funds and other institutional investors have recently modified their holdings of the business. Grove Bank & Trust raised its holdings in Capital One Financial by 7.0% during the 4th quarter. Grove Bank & Trust now owns 973 shares of the financial services provider’s stock valued at $174,000 after acquiring an additional 64 shares during the period. Cerro Pacific Wealth Advisors LLC lifted its position in shares of Capital One Financial by 1.1% during the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 5,861 shares of the financial services provider’s stock worth $1,045,000 after purchasing an additional 64 shares during the last quarter. Prossimo Advisors LLC grew its holdings in shares of Capital One Financial by 2.4% in the third quarter. Prossimo Advisors LLC now owns 2,735 shares of the financial services provider’s stock worth $410,000 after purchasing an additional 65 shares during the last quarter. City Holding Co. increased its stake in Capital One Financial by 1.3% in the 4th quarter. City Holding Co. now owns 5,010 shares of the financial services provider’s stock worth $893,000 after buying an additional 65 shares during the period. Finally, Arkadios Wealth Advisors boosted its position in Capital One Financial by 3.9% in the 3rd quarter. Arkadios Wealth Advisors now owns 1,780 shares of the financial services provider’s stock valued at $266,000 after buying an additional 66 shares during the period. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Trading Up 2.4 %

The company has a debt-to-equity ratio of 0.78, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $75.40 billion, a PE ratio of 18.70, a price-to-earnings-growth ratio of 1.23 and a beta of 1.46. The stock’s 50-day moving average price is $183.98 and its 200 day moving average price is $161.38.

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.