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

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

Capital One Financial Stock Down 1.2 %

NYSE COF traded down $2.22 during trading on Friday, reaching $182.83. The company's stock had a trading volume of 3,463,926 shares, compared to its average volume of 3,136,079. The business has a 50-day moving average price of $175.76 and a 200-day moving average price of $180.52. Capital One Financial Co. has a 1-year low of $128.23 and a 1-year high of $210.67. The stock has a market capitalization of $69.75 billion, a PE ratio of 15.77, a PEG ratio of 1.19 and a beta of 1.24. 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors 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 1.31%. The ex-dividend date was Tuesday, February 18th. Capital One Financial's payout ratio is presently 20.15%.

Institutional Investors Weigh In On Capital One Financial

A hedge fund recently raised its stake in Capital One Financial stock. Brighton Jones LLC lifted its stake in shares of Capital One Financial Co. (NYSE:COF - Free Report) by 330.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 filing with the SEC. Institutional investors own 89.84% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. HSBC upgraded Capital One Financial from a "reduce" rating to a "hold" rating and set a $176.00 price target for the company in a research report on Tuesday, January 14th. Bank of America upgraded Capital One Financial from a "neutral" rating to a "buy" rating and lifted their price target for the company from $207.00 to $235.00 in a research report on Wednesday, February 19th. Hsbc Global Res upgraded shares of Capital One Financial from a "moderate sell" rating to a "hold" rating in a report on Tuesday, January 14th. Citigroup reduced their price objective on Capital One Financial from $245.00 to $230.00 and set a "buy" rating for the company in a research note on Monday, March 24th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Capital One Financial from $198.00 to $170.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Capital One Financial has a consensus rating of "Moderate Buy" and an average price target of $207.73.

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.