Capital One Financial (NYSE:COF) Reaches New 52-Week High at $149.76

Capital One Financial Co. (NYSE:COF) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $149.76 and last traded at $149.45, with a volume of 709366 shares. The stock had previously closed at $147.25.

Analyst Ratings Changes

COF has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their target price on shares of Capital One Financial from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. Robert W. Baird cut shares of Capital One Financial from an “outperform” rating to a “neutral” rating and cut their target price for the company from $150.00 to $145.00 in a research note on Monday, January 8th. Evercore ISI lifted their target price on shares of Capital One Financial from $142.00 to $155.00 and gave the company an “in-line” rating in a research note on Thursday, March 28th. Royal Bank of Canada lifted their target price on shares of Capital One Financial from $142.00 to $150.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 21st. Finally, UBS Group lifted their target price on shares of Capital One Financial from $132.00 to $140.00 and gave the company a “neutral” rating in a research note on Thursday, February 29th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Capital One Financial presently has a consensus rating of “Hold” and a consensus target price of $137.05.

Capital One Financial Stock Performance

The stock has a market capitalization of $55.51 billion, a price-to-earnings ratio of 12.21, a price-to-earnings-growth ratio of 1.06 and a beta of 1.48. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.85. The stock’s 50 day moving average is $140.29 and its two-hundred day moving average is $125.58.

Capital One Financial (NYSE:COF) last announced its earnings results on Thursday, January 25th. The financial services provider reported $2.24 earnings per share for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.26). Capital One Financial had a return on equity of 9.24% and a net margin of 9.88%. The company had revenue of $9.51 billion during the quarter, compared to analyst estimates of $9.45 billion. Analysts expect that Capital One Financial Co. will post 13.84 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Monday, February 12th were given a dividend of $0.60 per share. The ex-dividend date was Friday, February 9th. This represents a $2.40 annualized dividend and a yield of 1.64%. Capital One Financial’s dividend payout ratio (DPR) is presently 20.08%.

Institutional Investors Weigh In On Capital One Financial

Institutional investors and hedge funds have recently modified their holdings of the company. Comerica Bank raised its holdings in shares of Capital One Financial by 158.7% in the 3rd quarter. Comerica Bank now owns 87,852 shares of the financial services provider’s stock valued at $8,526,000 after purchasing an additional 53,894 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Capital One Financial by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,498,413 shares of the financial services provider’s stock valued at $242,471,000 after purchasing an additional 40,585 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Capital One Financial by 15.2% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 76,695 shares of the financial services provider’s stock valued at $7,443,000 after purchasing an additional 10,107 shares during the last quarter. Rafferty Asset Management LLC raised its stake in shares of Capital One Financial by 4.3% during the third quarter. Rafferty Asset Management LLC now owns 131,964 shares of the financial services provider’s stock valued at $12,807,000 after acquiring an additional 5,439 shares during the last quarter. Finally, Mariner LLC raised its stake in shares of Capital One Financial by 3.5% during the third quarter. Mariner LLC now owns 65,596 shares of the financial services provider’s stock valued at $6,366,000 after acquiring an additional 2,228 shares during the last quarter. 89.84% of the stock is owned by institutional investors.

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.