Capital One Financial (NYSE:COF) Posts Earnings Results

Capital One Financial Co. (NYSE:COF) released its earnings results on Tuesday. The financial services provider reported $3.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.31, Zacks reports. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The firm had revenue of $10.19 billion during the quarter, compared to the consensus estimate of $10,220,675.12 billion. During the same period in the prior year, the firm posted $2.81 earnings per share. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year.

Capital One Financial Price Performance

COF stock traded up $2.45 during trading on Tuesday, hitting $193.42. The company had a trading volume of 4,200,071 shares, compared to its average volume of 3,185,141. Capital One Financial Co. has a fifty-two week low of $128.23 and a fifty-two week high of $198.30. 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 company has a fifty day moving average price of $183.84 and a two-hundred day moving average price of $160.98. The company has a market cap of $73.74 billion, a P/E ratio of 18.26, a P/E/G ratio of 1.23 and a beta of 1.46.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 14th were given a $0.60 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $2.40 annualized dividend and a yield of 1.24%. Capital One Financial’s dividend payout ratio (DPR) is currently 22.66%.

Insider Activity

In other Capital One Financial news, insider Michael Zamsky sold 10,541 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the sale, the insider now owns 26,482 shares of the company’s stock, valued at $5,038,465.32. This represents a 28.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark Daniel Mouadeb sold 1,994 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $162.37, for a total transaction of $323,765.78. Following the completion of the transaction, the insider now directly owns 19,776 shares of the company’s stock, valued at approximately $3,211,029.12. This represents a 9.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,256 shares of company stock worth $2,462,487. Insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on COF shares. Wells Fargo & Company lifted their target price on shares of Capital One Financial from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. Robert W. Baird boosted their target price on shares of Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. increased their target price on Capital One Financial from $162.00 to $186.00 and gave the company a “neutral” rating in a report on Monday, December 9th. Keefe, Bruyette & Woods lifted their price target on Capital One Financial from $185.00 to $232.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Finally, UBS Group raised Capital One Financial from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $168.00 to $235.00 in a research note on Monday, January 13th. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $188.06.

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.