Capital One Financial Co. Plans Quarterly Dividend of $0.60 (NYSE:COF)

Capital One Financial Co. (NYSE:COF) declared a quarterly dividend on Monday, November 4th, RTT News reports. Shareholders of record on Thursday, November 14th will be given a dividend of 0.60 per share by the financial services provider on Friday, November 22nd. This represents a $2.40 annualized dividend and a yield of 1.49%.

Capital One Financial has raised its dividend payment by an average of 33.9% annually over the last three years. Capital One Financial has a dividend payout ratio of 15.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Capital One Financial to earn $15.71 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 15.3%.

Capital One Financial Trading Down 1.6 %

COF traded down $2.62 during trading hours on Monday, reaching $161.28. The company's stock had a trading volume of 2,234,642 shares, compared to its average volume of 2,484,170. The business's 50-day moving average is $150.14 and its 200-day moving average is $143.80. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market cap of $61.59 billion, a PE ratio of 15.27, a P/E/G ratio of 1.24 and a beta of 1.43. Capital One Financial has a fifty-two week low of $102.63 and a fifty-two week high of $167.93.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.70 by $0.81. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The firm had revenue of $10 billion for the quarter, compared to analyst estimates of $9.88 billion. During the same period in the previous year, the firm earned $4.45 EPS. Capital One Financial's revenue was up 6.8% on a year-over-year basis. As a group, equities research analysts predict that Capital One Financial will post 13.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. 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, October 25th. JPMorgan Chase & Co. boosted their price target on shares of Capital One Financial from $156.00 to $157.00 and gave the stock a "neutral" rating in a research note on Monday, October 7th. Evercore ISI upped their target price 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. Royal Bank of Canada increased their price target on Capital One Financial from $150.00 to $160.00 and gave the company a "sector perform" rating in a research report on Friday, October 25th. Finally, Barclays boosted their price objective on Capital One Financial from $154.00 to $158.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 8th. Eleven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $156.35.

Insider Activity at Capital One Financial

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