Capital One Financial (NYSE:COF) Hits New 12-Month High – Should You Buy?

Capital One Financial Co. (NYSE:COF) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $195.19 and last traded at $191.01, with a volume of 206203 shares. The stock had previously closed at $166.05.

Wall Street Analyst Weigh In

COF has been the topic of several analyst reports. Robert W. Baird increased their price target on shares of Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Barclays increased their price target on shares of Capital One Financial from $154.00 to $158.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Citigroup started coverage on shares of Capital One Financial in a report on Friday, September 20th. They set a “buy” rating and a $190.00 price objective for the company. Evercore ISI upped their price objective on shares of Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada upped their price objective on shares of Capital One Financial from $150.00 to $160.00 and gave the stock a “sector perform” rating in a report on Friday, October 25th. Eleven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Capital One Financial currently has a consensus rating of “Hold” and a consensus price target of $156.35.

Capital One Financial Trading Up 15.0 %

The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.78. The business’s fifty day simple moving average is $150.99 and its two-hundred day simple moving average is $144.10. The stock has a market capitalization of $72.86 billion, a P/E ratio of 17.97, a P/E/G ratio of 1.24 and a beta of 1.43.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.51 EPS for the quarter, topping analysts’ consensus estimates of $3.70 by $0.81. The company had revenue of $10 billion during the quarter, compared to the consensus estimate of $9.88 billion. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the firm earned $4.45 EPS. As a group, analysts forecast that Capital One Financial Co. will post 13.17 earnings per share for the current year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Thursday, November 14th. Capital One Financial’s payout ratio is 22.66%.

Insider Transactions at Capital One Financial

In other news, insider Frank G. LapradeIii sold 15,751 shares of the firm’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $160.00, for a total transaction of $2,520,160.00. Following the completion of the transaction, the insider now directly owns 44,711 shares of the company’s stock, valued at approximately $7,153,760. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Capital One Financial

A number of hedge funds have recently made changes to their positions in COF. Nordea Investment Management AB increased its position in shares of Capital One Financial by 2.8% during the 1st quarter. Nordea Investment Management AB now owns 27,418 shares of the financial services provider’s stock worth $4,077,000 after purchasing an additional 736 shares in the last quarter. Whittier Trust Co. increased its position in Capital One Financial by 87.9% in the 1st quarter. Whittier Trust Co. now owns 4,059 shares of the financial services provider’s stock valued at $604,000 after acquiring an additional 1,899 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in Capital One Financial by 11.7% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 718 shares of the financial services provider’s stock valued at $107,000 after acquiring an additional 75 shares in the last quarter. Larson Financial Group LLC increased its position in Capital One Financial by 101.1% in the 1st quarter. Larson Financial Group LLC now owns 1,064 shares of the financial services provider’s stock valued at $158,000 after acquiring an additional 535 shares in the last quarter. Finally, Richardson Financial Services Inc. acquired a new stake in Capital One Financial in the 1st quarter valued at about $219,000. 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.