Capital One Financial (NYSE:COF) Sets New 1-Year High - Here's What Happened

Capital One Financial Co. (NYSE:COF)'s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $209.34 and last traded at $209.23, with a volume of 2945460 shares changing hands. The stock had previously closed at $202.80.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Keefe, Bruyette & Woods increased their target price on shares of Capital One Financial from $185.00 to $232.00 and gave the company an "outperform" rating in a report on Monday, December 9th. UBS Group raised shares of Capital One Financial from a "neutral" rating to a "buy" rating and increased their target price for the company from $168.00 to $235.00 in a report on Monday, January 13th. The Goldman Sachs Group increased their target price on shares of Capital One Financial from $182.00 to $205.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Evercore ISI raised 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 research note on Wednesday, October 30th. 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. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $198.50.

Capital One Financial Price Performance

The company has a fifty day simple moving average of $191.46 and a two-hundred day simple moving average of $170.48. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $76.39 billion, a price-to-earnings ratio of 17.29, a P/E/G ratio of 1.21 and a beta of 1.47.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.31. The company had revenue of $10.19 billion during the quarter, compared to the consensus estimate of $10.22 billion. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. Capital One Financial's revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.81 EPS. As a group, research analysts anticipate that Capital One Financial Co. will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.60 per share. The ex-dividend date is Tuesday, February 18th. This represents a $2.40 annualized dividend and a dividend yield of 1.20%. Capital One Financial's dividend payout ratio is presently 20.71%.

Institutional Trading of Capital One Financial

Institutional investors have recently made changes to their positions in the stock. Asset Management One Co. Ltd. boosted its position in Capital One Financial by 5.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 146,769 shares of the financial services provider's stock worth $21,976,000 after purchasing an additional 7,331 shares during the period. Principal Financial Group Inc. raised its stake in Capital One Financial by 4.3% during the third quarter. Principal Financial Group Inc. now owns 430,654 shares of the financial services provider's stock worth $64,482,000 after acquiring an additional 17,825 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Capital One Financial by 4.5% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 46,174 shares of the financial services provider's stock worth $8,234,000 after acquiring an additional 2,006 shares during the period. Catalina Capital Group LLC raised its stake in Capital One Financial by 8.1% during the third quarter. Catalina Capital Group LLC now owns 1,609 shares of the financial services provider's stock worth $241,000 after acquiring an additional 121 shares during the period. Finally, CWA Asset Management Group LLC bought a new position in Capital One Financial in the 3rd quarter worth about $1,649,000. 89.84% of the stock is owned by hedge funds and other 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.