Capital One Financial (NYSE:COF) Sees Unusually-High Trading Volume – Here’s Why

Shares of Capital One Financial Co. (NYSE:COF) saw unusually-high trading volume on Thursday . Approximately 10,473,121 shares traded hands during mid-day trading, an increase of 263% from the previous session’s volume of 2,887,969 shares.The stock last traded at $166.31 and had previously closed at $182.18.

Wall Street Analyst Weigh In

Several equities research analysts have commented on COF shares. Robert W. Baird raised shares of Capital One Financial from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $190.00 to $200.00 in a research report on Tuesday, March 11th. Truist Financial reduced their price target on Capital One Financial from $257.00 to $215.00 and set a “buy” rating for the company in a research report on Friday, March 21st. HSBC upgraded Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price target for the company in a research note on Tuesday, January 14th. Barclays upped their price objective on Capital One Financial from $219.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Finally, Hsbc Global Res raised shares of Capital One Financial from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $207.80.

Capital One Financial Stock Down 8.4 %

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 stock has a market cap of $57.29 billion, a P/E ratio of 12.96, a PEG ratio of 1.19 and a beta of 1.24. The firm has a 50-day simple moving average of $187.92 and a two-hundred day simple moving average of $178.49.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The business had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same period last year, the firm earned $2.81 earnings per share. Capital One Financial’s revenue for the quarter was up 7.2% compared to the same quarter last year. Equities research analysts expect that Capital One Financial Co. will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend was Tuesday, February 18th. Capital One Financial’s dividend payout ratio is currently 20.71%.

Hedge Funds Weigh In On Capital One Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norden Group LLC lifted its position in Capital One Financial by 2.6% during the fourth quarter. Norden Group LLC now owns 2,010 shares of the financial services provider’s stock worth $358,000 after purchasing an additional 51 shares during the period. Catalyst Financial Partners LLC boosted its position in shares of Capital One Financial by 3.9% during the 4th quarter. Catalyst Financial Partners LLC now owns 1,428 shares of the financial services provider’s stock worth $255,000 after acquiring an additional 54 shares in the last quarter. Quadrant Capital Group LLC increased its stake in Capital One Financial by 1.0% in the fourth quarter. Quadrant Capital Group LLC now owns 5,247 shares of the financial services provider’s stock valued at $936,000 after acquiring an additional 54 shares during the last quarter. Gladstone Institutional Advisory LLC increased its stake in Capital One Financial by 3.3% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 1,777 shares of the financial services provider’s stock valued at $317,000 after acquiring an additional 56 shares during the last quarter. Finally, TFB Advisors LLC lifted its stake in Capital One Financial by 4.1% during the fourth quarter. TFB Advisors LLC now owns 1,488 shares of the financial services provider’s stock worth $265,000 after purchasing an additional 59 shares during the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

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.