Capital One Financial (NYSE:COF) Trading 2.9% Higher - Should You Buy?

Capital One Financial Co. (NYSE:COF)'s share price traded up 2.9% during mid-day trading on Monday . The stock traded as high as $178.26 and last traded at $178.60. 3,175,525 shares traded hands during mid-day trading, a decline of 20% from the average session volume of 3,955,137 shares. The stock had previously closed at $173.53.

Analysts Set New Price Targets

A number of research firms have recently commented on COF. Robert W. Baird upgraded shares of Capital One Financial from a "neutral" rating to an "outperform" rating and increased their price target for the company from $190.00 to $200.00 in a report on Tuesday, March 11th. BTIG Research raised Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 target price for the company in a report on Tuesday, March 25th. Evercore ISI raised Capital One Financial from an "in-line" rating to an "outperform" rating and set a $200.00 price target on the stock in a report on Wednesday, March 12th. Keefe, Bruyette & Woods lifted their price objective on Capital One Financial from $185.00 to $232.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. Finally, Bank of America upgraded shares of Capital One Financial from a "neutral" rating to a "buy" rating and upped their target price for the company from $207.00 to $235.00 in a research note on Wednesday, February 19th. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $206.63.

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Capital One Financial Trading Up 2.8 %

The stock has a 50 day moving average of $190.16 and a 200-day moving average of $178.50. The company has a market capitalization of $69.86 billion, a P/E ratio of 15.81, a P/E/G ratio of 1.19 and a beta of 1.47. 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 (NYSE:COF - Get Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.78 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The firm had revenue of $10.19 billion during the quarter, compared to analysts' expectations of $10.22 billion. During the same period in the prior year, the company posted $2.81 earnings per share. The company's revenue for the quarter was up 7.2% compared to the same quarter last year. On average, research analysts predict that Capital One Financial Co. will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.40 annualized dividend and a dividend yield of 1.31%. Capital One Financial's payout ratio is 20.71%.

Institutional Trading of Capital One Financial

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