Capital One Financial (NYSE:COF) Reaches New 1-Year High – Here’s What Happened

Capital One Financial Co. (NYSE:COF)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $209.34 and last traded at $209.23, with a volume of 2945460 shares. The stock had previously closed at $202.80.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Truist Financial boosted their target price on shares of Capital One Financial from $229.00 to $257.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Keefe, Bruyette & Woods increased their price objective on Capital One Financial from $185.00 to $232.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Evercore ISI lifted their target price on Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. increased their price target on shares of Capital One Financial from $162.00 to $186.00 and gave the stock a “neutral” rating in a research report on Monday, December 9th. Finally, Bank of America raised shares of Capital One Financial from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $207.00 to $235.00 in a research report on Wednesday. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Capital One Financial has an average rating of “Moderate Buy” and an average price target of $198.50.

Capital One Financial Stock Performance

The stock has a fifty day moving average price of $190.24 and a 200 day moving average price of $169.47. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The firm has a market cap of $80.05 billion, a price-to-earnings ratio of 18.12, a price-to-earnings-growth ratio of 1.17 and a beta of 1.47.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results 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. The company had revenue of $10.19 billion for the quarter, compared to the consensus estimate of $10.22 billion. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the company posted $2.81 earnings per share. As a group, analysts predict that Capital One Financial Co. will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Tuesday, February 18th. Capital One Financial’s dividend payout ratio (DPR) is 20.71%.

Hedge Funds Weigh In On Capital One Financial

Large investors have recently made changes to their positions in the business. Bfsg LLC bought a new position in Capital One Financial in the 4th quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC bought a new position in Capital One Financial during the fourth quarter worth $27,000. TruNorth Capital Management LLC acquired a new position in Capital One Financial during the 4th quarter valued at $29,000. SBI Securities Co. Ltd. acquired a new stake in Capital One Financial in the 4th quarter worth $32,000. Finally, Decker Retirement Planning Inc. bought a new position in shares of Capital One Financial during the 4th quarter worth about $32,000. Institutional investors and hedge funds own 89.84% 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.