Capital One Financial (NYSE:COF) Releases Earnings Results, Beats Expectations By $0.81 EPS

Capital One Financial Co. (NYSE:COF) issued its quarterly earnings data on Thursday. The financial services provider reported $4.51 earnings per share for the quarter, topping the consensus estimate of $3.70 by $0.81, Briefing.com reports. The company had revenue of $10 billion for the quarter, compared to analysts' expectations of $9.88 billion. Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. Capital One Financial's revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.45 earnings per share.

Capital One Financial Stock Up 5.3 %

COF traded up $8.05 during midday trading on Friday, reaching $161.31. 6,086,686 shares of the company were exchanged, compared to its average volume of 2,466,654. The company has a market cap of $61.33 billion, a price-to-earnings ratio of 12.71, a price-to-earnings-growth ratio of 1.22 and a beta of 1.44. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.00 and a current ratio of 1.00. Capital One Financial Co. has a one year low of $89.08 and a one year high of $167.93. The company's fifty day moving average price is $147.39 and its 200 day moving average price is $142.75.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were given a $0.60 dividend. 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 payout ratio is 18.79%.

Insider Buying and Selling

In other Capital One Financial news, insider Frank G. LapradeIii sold 15,751 shares of Capital One Financial stock in a transaction on 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 directly owns 44,711 shares of the company's stock, valued at $7,153,760. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Kevin S. Borgmann sold 61,532 shares of Capital One Financial stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the sale, 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 can be accessed through this link. Also, insider Frank G. LapradeIii sold 15,751 shares of the company's stock in a transaction on 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 transaction, the insider now owns 44,711 shares of the company's stock, valued at $7,153,760. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have commented on COF. Citigroup started coverage on Capital One Financial in a research report on Friday, September 20th. They issued a "buy" rating and a $190.00 price target on the stock. Bank of America increased their target price on shares of Capital One Financial from $158.00 to $161.00 and gave the company a "buy" rating in a research report on Wednesday, July 24th. Royal Bank of Canada raised 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 report on Friday. Robert W. Baird upped their price objective on shares of Capital One Financial from $145.00 to $150.00 and gave the company a "neutral" rating in a research note on Friday. Finally, Evercore ISI lowered their target price on shares of Capital One Financial from $166.00 to $163.00 and set an "in-line" rating for the company in a research note on Monday, October 7th. Twelve equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $152.39.

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.