Capital One Financial Co. (NYSE:COF) Announces $0.60 Quarterly Dividend

Capital One Financial Co. (NYSE:COF) announced a quarterly dividend on Friday, February 7th,RTT News reports. Investors of record on Tuesday, February 18th will be given a dividend of 0.60 per share by the financial services provider on Monday, March 3rd. This represents a $2.40 annualized dividend and a yield of 1.18%.

Capital One Financial has raised its dividend payment by an average of 6.3% annually over the last three years. Capital One Financial has a payout ratio of 13.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Capital One Financial to earn $18.27 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 13.1%.

Capital One Financial Price Performance

COF traded down $3.51 during trading on Friday, hitting $203.13. The company’s stock had a trading volume of 1,772,334 shares, compared to its average volume of 3,362,561. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. Capital One Financial has a twelve month low of $128.23 and a twelve month high of $208.63. The business’s fifty day simple moving average is $188.08 and its 200 day simple moving average is $166.17. The firm has a market capitalization of $77.44 billion, a price-to-earnings ratio of 17.53, a P/E/G ratio of 1.24 and a beta of 1.47.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, beating the consensus estimate of $2.78 by $0.31. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The company had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same period last year, the company earned $2.81 earnings per share. Capital One Financial’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, equities research analysts forecast that Capital One Financial will post 15.44 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Michael Zamsky sold 10,541 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total value of $2,005,530.66. Following the completion of the sale, the insider now directly owns 26,482 shares of the company’s stock, valued at approximately $5,038,465.32. The trade was a 28.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on COF. JPMorgan Chase & Co. lifted their price objective on Capital One Financial from $162.00 to $186.00 and gave the stock a “neutral” rating in a research report on Monday, December 9th. Robert W. Baird lifted their price objective on Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Wells Fargo & Company lifted their price objective 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. Argus upgraded Capital One Financial to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Bank of America downgraded Capital One Financial from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $203.00 to $200.00 in a research report on Monday, December 9th. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Capital One Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $196.31.

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.