Capital One Financial Co. (COF) To Go Ex-Dividend on November 14th

Capital One Financial Co. (NYSE:COF) announced a quarterly dividend on Monday, November 4th, RTT News reports. Stockholders of record on Thursday, November 14th will be paid a dividend of 0.60 per share by the financial services provider on Friday, November 22nd. This represents a $2.40 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Thursday, November 14th.

Capital One Financial has raised its dividend payment by an average of 33.9% annually over the last three years. Capital One Financial has a dividend payout ratio of 15.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Capital One Financial to earn $15.71 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 15.3%.

Capital One Financial Stock Performance

Shares of Capital One Financial stock opened at $166.04 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.78. Capital One Financial has a 52 week low of $102.63 and a 52 week high of $167.93. The firm’s 50 day moving average is $150.99 and its two-hundred day moving average is $144.10. The firm has a market capitalization of $63.35 billion, a P/E ratio of 15.68, a P/E/G ratio of 1.24 and a beta of 1.43.

Capital One Financial (NYSE:COF) last posted its earnings results on Thursday, October 24th. The financial services provider reported $4.51 EPS for the quarter, beating analysts’ consensus estimates of $3.70 by $0.81. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The firm had revenue of $10 billion for the quarter, compared to the consensus estimate of $9.88 billion. During the same period last year, the firm posted $4.45 EPS. The company’s revenue was up 6.8% on a year-over-year basis. Research analysts forecast that Capital One Financial will post 13.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on COF. Bank of America raised their price target on Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Evercore ISI raised their target price on shares of Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Barclays upped their target price on shares of Capital One Financial from $154.00 to $158.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Royal Bank of Canada lifted their price objective on shares of Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Capital One Financial from $156.00 to $157.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. Eleven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $156.35.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Frank G. LapradeIii sold 15,751 shares of the 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 sale, the insider now owns 44,711 shares in the company, valued at approximately $7,153,760. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.30% of the company’s stock.

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.