Capital One Financial (NYSE:COF) Reaches New 1-Year High Following Strong Earnings

Capital One Financial Co. (NYSE:COF)'s share price reached a new 52-week high on Friday after the company announced better than expected quarterly earnings. The company traded as high as $167.62 and last traded at $165.35, with a volume of 1865809 shares trading hands. The stock had previously closed at $153.26.

The financial services provider reported $4.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.70 by $0.81. The company had revenue of $10 billion for the quarter, compared to analyst estimates of $9.88 billion. Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. The business's quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the firm posted $4.45 earnings per share.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.40 annualized dividend and a yield of 1.49%. Capital One Financial's dividend payout ratio is presently 18.79%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on COF. Royal Bank of Canada lifted their price target on shares of Capital One Financial from $150.00 to $160.00 and gave the stock a "sector perform" rating in a research note on Friday. Bank of America increased their price target on shares of Capital One Financial from $158.00 to $161.00 and gave the stock a "buy" rating in a research report on Wednesday, July 24th. Robert W. Baird boosted their price objective on Capital One Financial from $145.00 to $150.00 and gave the company a "neutral" rating in a report on Friday. JPMorgan Chase & Co. lifted their target price on Capital One Financial from $156.00 to $157.00 and gave the stock a "neutral" rating in a research report on Monday, October 7th. Finally, Barclays upped their price target on Capital One Financial from $154.00 to $158.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 8th. Twelve investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $152.39.

Insider Transactions at Capital One Financial

In related news, insider Frank G. LapradeIii sold 15,751 shares of the company's stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $160.00, for a total value of $2,520,160.00. Following the completion of the sale, the insider now owns 44,711 shares of the company's stock, valued at $7,153,760. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Capital One Financial news, CEO Kevin S. Borgmann sold 61,532 shares of the company's stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total value of $8,175,141.52. Following the completion of the sale, the chief executive officer now directly owns 40,934 shares of the company's stock, valued at approximately $5,438,491.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Frank G. LapradeIii sold 15,751 shares of the firm's stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $160.00, for a total transaction of $2,520,160.00. Following the transaction, the insider now owns 44,711 shares of the company's stock, valued at approximately $7,153,760. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.30% of the company's stock.

Institutional Trading of Capital One Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in COF. LRI Investments LLC acquired a new position in shares of Capital One Financial in the first quarter worth about $25,000. Y.D. More Investments Ltd acquired a new stake in Capital One Financial during the 2nd quarter valued at $28,000. Hobbs Group Advisors LLC purchased a new stake in shares of Capital One Financial in the second quarter valued at $29,000. Unique Wealth Strategies LLC acquired a new stake in shares of Capital One Financial in the second quarter worth $36,000. Finally, Versant Capital Management Inc boosted its position in shares of Capital One Financial by 391.5% in the second quarter. Versant Capital Management Inc now owns 290 shares of the financial services provider's stock worth $40,000 after buying an additional 231 shares during the period. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Stock Up 5.3 %

The business has a fifty day moving average price of $147.39 and a two-hundred day moving average price of $142.75. The firm has a market cap of $61.33 billion, a PE ratio of 12.63, a P/E/G ratio of 1.22 and a beta of 1.44. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.00 and a quick ratio of 1.00.

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.