Capital One Financial Corp. (NYSE:COF) declared a quarterly dividend on Friday, July 31st, RTT News reports. Investors of record on Monday, August 10th will be given a dividend of 0.10 per share by the financial services provider on Thursday, August 20th. This represents a $0.40 annualized dividend and a yield of 0.63%.
Capital One Financial has a dividend payout ratio of -82.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Capital One Financial to earn $6.62 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 24.2%.
NYSE COF opened at $63.80 on Friday. Capital One Financial has a one year low of $38.00 and a one year high of $107.59. The company’s 50 day moving average price is $64.43 and its 200 day moving average price is $72.37. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market capitalization of $29.05 billion, a price-to-earnings ratio of -172.43 and a beta of 1.75.
Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported ($2.21) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.25) by ($0.96). Capital One Financial had a net margin of 0.74% and a return on equity of 1.67%. The business had revenue of $6.56 billion during the quarter, compared to analysts’ expectations of $6.88 billion. During the same quarter in the previous year, the business posted $3.24 EPS. Sell-side analysts forecast that Capital One Financial will post -2.26 EPS for the current fiscal year.
In other Capital One Financial news, insider Timothy P. Golden sold 3,334 shares of Capital One Financial stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $57.63, for a total value of $192,138.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.47% of the company’s stock.
A number of research firms have recently issued reports on COF. Deutsche Bank dropped their price objective on shares of Capital One Financial from $76.00 to $73.00 and set a “hold” rating on the stock in a research note on Wednesday, July 22nd. Wolfe Research began coverage on shares of Capital One Financial in a research note on Friday. They set an “outperform” rating on the stock. Wells Fargo & Co dropped their price objective on shares of Capital One Financial from $115.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. Oppenheimer lifted their price objective on shares of Capital One Financial from $63.00 to $69.00 and gave the company an “outperform” rating in a research note on Wednesday, July 22nd. Finally, Morgan Stanley dropped their price objective on shares of Capital One Financial from $66.00 to $64.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 22nd. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $85.47.
About Capital One Financial
Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.
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