Capital One Financial (NYSE:COF) Sees Large Volume Increase - Time to Buy?

Shares of Capital One Financial Co. (NYSE:COF) saw strong trading volume on Thursday . 10,473,121 shares changed hands during mid-day trading, an increase of 263% from the previous session's volume of 2,887,969 shares.The stock last traded at $166.31 and had previously closed at $182.18.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on COF shares. Robert W. Baird upgraded Capital One Financial from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $190.00 to $200.00 in a research note on Tuesday, March 11th. Royal Bank of Canada increased their target price on shares of Capital One Financial from $190.00 to $200.00 and gave the stock a "sector perform" rating in a research report on Wednesday, January 22nd. Barclays boosted their price target on shares of Capital One Financial from $219.00 to $220.00 and gave the company an "overweight" rating in a research report on Wednesday, January 22nd. BTIG Research raised shares of Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 price objective for the company in a report on Tuesday, March 25th. Finally, Argus raised shares of Capital One Financial to a "strong-buy" rating in a report on Thursday, January 23rd. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $206.73.

Capital One Financial Trading Down 1.8 %

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 stock has a market cap of $57.95 billion, a P/E ratio of 13.11, a P/E/G ratio of 1.19 and a beta of 1.24. The stock has a 50-day moving average price of $184.89 and a 200-day moving average price of $178.77.

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

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a $0.60 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $2.40 annualized dividend and a yield of 1.58%. Capital One Financial's dividend payout ratio (DPR) is presently 20.71%.

Institutional Investors Weigh In On Capital One Financial

Hedge funds have recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Capital One Financial during the 4th quarter valued at about $590,279,000. Lone Pine Capital LLC bought a new position in Capital One Financial during the fourth quarter valued at approximately $577,012,000. Egerton Capital UK LLP purchased a new position in shares of Capital One Financial during the fourth quarter worth approximately $279,159,000. FMR LLC lifted its holdings in shares of Capital One Financial by 21.6% in the 4th quarter. FMR LLC now owns 8,077,886 shares of the financial services provider's stock worth $1,440,449,000 after acquiring an additional 1,436,935 shares during the last quarter. Finally, Meritage Group LP purchased a new stake in shares of Capital One Financial in the 4th quarter valued at $227,662,000. Institutional investors own 89.84% of the company's stock.

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.