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

Capital One Financial Corporation (NYSE:COF)’s stock price reached a new 52-week high on Friday . The stock traded as high as $233.01 and last traded at $232.21, with a volume of 687640 shares changing hands. The stock had previously closed at $229.71.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on COF shares. Wall Street Zen raised shares of Capital One Financial from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Capital One Financial from $224.00 to $240.00 and gave the stock a “hold” rating in a research note on Wednesday, October 22nd. UBS Group lowered their price objective on shares of Capital One Financial from $270.00 to $266.00 and set a “buy” rating for the company in a report on Tuesday, October 7th. Zacks Research downgraded Capital One Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Finally, Truist Financial increased their target price on Capital One Financial from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $261.63.

Capital One Financial Trading Up 0.8%

The stock has a market cap of $147.26 billion, a PE ratio of 97.61, a price-to-earnings-growth ratio of 0.54 and a beta of 1.16. The firm has a 50-day moving average price of $215.68 and a 200-day moving average price of $213.06. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.03 and a current ratio of 1.03.

Capital One Financial (NYSE:COF) last issued its earnings results on Monday, November 3rd. The financial services provider reported $5.95 earnings per share (EPS) for the quarter. The business had revenue of $15.46 billion during the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. As a group, equities analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were paid a dividend of $0.80 per share. The ex-dividend date was Monday, November 17th. This represents a $3.20 annualized dividend and a yield of 1.4%. This is a positive change from Capital One Financial’s previous quarterly dividend of $0.60. Capital One Financial’s dividend payout ratio (DPR) is 135.02%.

Insider Transactions at Capital One Financial

In other news, CEO Richard D. Fairbank sold 103,487 shares of the company’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $220.68, for a total transaction of $22,837,511.16. Following the transaction, the chief executive officer directly owned 4,001,228 shares of the company’s stock, valued at $882,990,995.04. This represents a 2.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Lia Dean sold 3,269 shares of Capital One Financial stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $218.15, for a total value of $713,132.35. Following the completion of the sale, the insider owned 69,855 shares of the company’s stock, valued at $15,238,868.25. The trade was a 4.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 280,218 shares of company stock valued at $62,395,804. Insiders own 1.26% of the company’s stock.

Institutional Investors Weigh In On Capital One Financial

Large investors have recently added to or reduced their stakes in the stock. Severin Investments LLC raised its stake in Capital One Financial by 3.1% during the 3rd quarter. Severin Investments LLC now owns 2,434 shares of the financial services provider’s stock valued at $517,000 after buying an additional 74 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Capital One Financial by 4.1% in the 3rd quarter. IFP Advisors Inc now owns 11,603 shares of the financial services provider’s stock worth $2,467,000 after buying an additional 461 shares during the last quarter. Swiss Life Asset Management Ltd grew its holdings in shares of Capital One Financial by 16.4% in the third quarter. Swiss Life Asset Management Ltd now owns 104,192 shares of the financial services provider’s stock worth $22,149,000 after acquiring an additional 14,700 shares during the period. Groupama Asset Managment increased its position in Capital One Financial by 10.4% during the third quarter. Groupama Asset Managment now owns 10,284 shares of the financial services provider’s stock valued at $2,186,000 after acquiring an additional 972 shares during the last quarter. Finally, Investment Research Partners LLC bought a new position in Capital One Financial in the third quarter valued at about $350,000. 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.