Capital One Financial (NYSE:COF) Releases Earnings Results, Beats Expectations By $0.31 EPS

Capital One Financial Co. (NYSE:COF) announced its quarterly earnings data on Tuesday. The financial services provider reported $4.06 EPS for the quarter, beating analysts' consensus estimates of $3.75 by $0.31, Zacks reports. The firm had revenue of $10 billion for the quarter, compared to analyst estimates of $10.07 billion. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%.

Capital One Financial Stock Performance

Shares of COF traded down $0.95 during midday trading on Friday, reaching $184.10. The stock had a trading volume of 1,334,138 shares, compared to its average volume of 3,135,218. The firm has a market cap of $70.23 billion, a PE ratio of 15.87, a P/E/G ratio of 1.19 and a beta of 1.24. The firm has a 50 day simple moving average of $176.16 and a 200-day simple moving average of $180.09. Capital One Financial Co. has a one year low of $128.23 and a one year high of $210.67. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.30%. The ex-dividend date was Tuesday, February 18th. Capital One Financial's dividend payout ratio (DPR) is currently 20.15%.

Hedge Funds Weigh In On Capital One Financial

An institutional investor recently raised its position in Capital One Financial stock. Brighton Jones LLC lifted its holdings in shares of Capital One Financial Co. (NYSE:COF - Free Report) by 330.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,587 shares of the financial services provider's stock after acquiring an additional 10,428 shares during the quarter. Brighton Jones LLC's holdings in Capital One Financial were worth $2,423,000 as of its most recent SEC filing. 89.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

COF has been the topic of several recent research reports. UBS Group upgraded Capital One Financial from a "neutral" rating to a "buy" rating and raised their price target for the company from $168.00 to $235.00 in a report on Monday, January 13th. Argus raised shares of Capital One Financial to a "strong-buy" rating in a research note on Thursday, January 23rd. 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 note on Tuesday, March 11th. BTIG Research raised shares of Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 price objective on the stock in a research note on Tuesday, March 25th. Finally, Hsbc Global Res upgraded shares of Capital One Financial from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, January 14th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $207.73.

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.