Capital One Financial (NYSE:COF) Issues Earnings Results

Capital One Financial Co. (NYSE:COF) posted its quarterly earnings data on Tuesday. The financial services provider reported $2.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.81 by ($0.99), RTT News reports. The firm had revenue of $9.04 billion during the quarter, compared to the consensus estimate of $9.07 billion. Capital One Financial had a return on equity of 15.44% and a net margin of 23.84%. Capital One Financial’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter last year, the company posted $5.41 EPS.

Capital One Financial Stock Down 0.2 %

Shares of COF opened at $106.29 on Wednesday. The business’s 50 day moving average is $97.17 and its 200 day moving average is $101.88. The company has a market capitalization of $40.57 billion, a PE ratio of 5.28, a price-to-earnings-growth ratio of 0.87 and a beta of 1.41. Capital One Financial Co. has a 12-month low of $86.98 and a 12-month high of $160.54. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 1.06.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 25th. Stockholders of record on Monday, November 14th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend was Thursday, November 10th. Capital One Financial’s dividend payout ratio (DPR) is currently 11.89%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on COF shares. Morgan Stanley downgraded Capital One Financial from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $115.00 to $90.00 in a report on Thursday, December 1st. Credit Suisse Group reduced their price target on Capital One Financial to $130.00 in a report on Thursday, October 13th. Bank of America cut Capital One Financial from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $124.00 to $113.00 in a research report on Tuesday, November 15th. Wolfe Research increased their price objective on Capital One Financial from $77.00 to $81.00 in a research report on Thursday, December 1st. Finally, BMO Capital Markets dropped their price objective on Capital One Financial from $165.00 to $151.00 in a research report on Friday, October 28th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $122.94.

Insider Activity at Capital One Financial

In related news, insider Mark Daniel Mouadeb sold 940 shares of Capital One Financial stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $105.00, for a total transaction of $98,700.00. Following the sale, the insider now owns 11,303 shares of the company’s stock, valued at approximately $1,186,815. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Richard D. Fairbank sold 12,538 shares of Capital One Financial stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $106.24, for a total transaction of $1,332,037.12. Following the sale, the chief executive officer now owns 3,757,022 shares of the company’s stock, valued at approximately $399,146,017.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark Daniel Mouadeb sold 940 shares of Capital One Financial stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $105.00, for a total value of $98,700.00. Following the sale, the insider now directly owns 11,303 shares in the company, valued at approximately $1,186,815. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,016 shares of company stock valued at $2,761,270. 1.27% of the stock is owned by company insiders.

Institutional Trading of Capital One Financial

A number of large investors have recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. increased its stake in Capital One Financial by 140.0% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 8,733 shares of the financial services provider’s stock worth $805,000 after acquiring an additional 5,094 shares during the last quarter. Captrust Financial Advisors boosted its holdings in shares of Capital One Financial by 2.0% in the 3rd quarter. Captrust Financial Advisors now owns 25,974 shares of the financial services provider’s stock worth $2,394,000 after purchasing an additional 503 shares during the period. Kentucky Retirement Systems Insurance Trust Fund boosted its holdings in shares of Capital One Financial by 2.4% in the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 13,755 shares of the financial services provider’s stock worth $1,268,000 after purchasing an additional 326 shares during the period. Kentucky Retirement Systems boosted its holdings in shares of Capital One Financial by 3.0% in the 3rd quarter. Kentucky Retirement Systems now owns 30,044 shares of the financial services provider’s stock worth $2,769,000 after purchasing an additional 872 shares during the period. Finally, Baird Financial Group Inc. boosted its holdings in shares of Capital One Financial by 92.6% in the 3rd quarter. Baird Financial Group Inc. now owns 49,061 shares of the financial services provider’s stock worth $4,522,000 after purchasing an additional 23,586 shares during the period. Institutional investors own 88.30% of the company’s stock.

Capital One Financial Company Profile

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Capital One Financial Corp. operates as a financial holding company. The firm engages in the provision of financial products and services. It operates through the following segments: Credit Card, Consumer Banking and Commercial Banking. The Credit Card segment includes domestic consumer and small business card lending, and international card lending businesses.