Capital One Financial (NYSE:COF) Issues Quarterly Earnings Results, Beats Expectations By $0.31 EPS

Capital One Financial Co. (NYSE:COF) announced its earnings results on Tuesday. The financial services provider reported $3.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.31, Zacks reports. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The firm had revenue of $10.19 billion during the quarter, compared to analyst estimates of $10,220,675.12 billion. During the same period in the prior year, the business earned $2.81 EPS. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year.

Capital One Financial Stock Performance

NYSE COF traded up $2.45 during trading on Tuesday, reaching $193.42. 4,200,071 shares of the company’s stock were exchanged, compared to its average volume of 3,185,141. Capital One Financial Co. has a fifty-two week low of $128.23 and a fifty-two week high of $198.30. The stock has a market capitalization of $73.74 billion, a P/E ratio of 18.26, a PEG ratio of 1.23 and a beta of 1.46. The business has a 50 day moving average price of $183.84 and a 200-day moving average price of $160.98. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.00 and a quick ratio of 1.00.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 14th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date was Thursday, November 14th. Capital One Financial’s payout ratio is currently 22.66%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on COF shares. Truist Financial assumed coverage on Capital One Financial in a research report on Tuesday, January 7th. They set a “buy” rating and a $229.00 price objective for the company. Wells Fargo & Company upped their price target on Capital One Financial from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. The Goldman Sachs Group raised their price target on shares of Capital One Financial from $182.00 to $205.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Hsbc Global Res raised shares of Capital One Financial from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Capital One Financial from $185.00 to $232.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Capital One Financial has an average rating of “Hold” and a consensus target price of $188.06.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Mark Daniel Mouadeb sold 1,994 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $162.37, for a total transaction of $323,765.78. Following the completion of the sale, the insider now directly owns 19,776 shares in the company, valued at $3,211,029.12. This trade represents a 9.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Kara West sold 721 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $184.73, for a total value of $133,190.33. Following the transaction, the insider now owns 12,929 shares in the company, valued at approximately $2,388,374.17. This trade represents a 5.28 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 13,256 shares of company stock worth $2,462,487. 1.30% of the stock is owned by company insiders.

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.