Capital One Financial (NYSE:COF) Hits New 12-Month High After Analyst Upgrade

Capital One Financial Corporation (NYSE:COF)’s share price reached a new 52-week high during mid-day trading on Monday after BTIG Research raised their price target on the stock from $264.00 to $308.00. BTIG Research currently has a buy rating on the stock. Capital One Financial traded as high as $249.93 and last traded at $248.32, with a volume of 1494 shares. The stock had previously closed at $249.32.

Other research analysts have also issued reports about the stock. Jefferies Financial Group increased their price objective on shares of Capital One Financial from $265.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Deutsche Bank Aktiengesellschaft lifted their price objective on Capital One Financial from $240.00 to $263.00 and gave the company a “hold” rating in a research note on Wednesday, December 17th. Morgan Stanley reaffirmed an “overweight” rating and set a $280.00 price target on shares of Capital One Financial in a research report on Tuesday, December 16th. Cowen restated a “buy” rating on shares of Capital One Financial in a research note on Wednesday, November 26th. Finally, Wall Street Zen upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $267.45.

Insider Activity at Capital One Financial

In related news, insider Frank G. LapradeIii sold 17,840 shares of Capital One Financial stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $222.03, for a total transaction of $3,961,015.20. Following the sale, the insider directly owned 48,315 shares in the company, valued at $10,727,379.45. The trade was a 26.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Celia Karam sold 2,936 shares of the stock in a transaction on Monday, December 1st. The shares were sold at an average price of $218.15, for a total value of $640,488.40. Following the transaction, the insider directly owned 63,433 shares of the company’s stock, valued at approximately $13,837,908.95. The trade was a 4.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 280,218 shares of company stock valued at $62,395,804. Company insiders own 1.26% of the company’s stock.

Institutional Trading of Capital One Financial

A number of hedge funds have recently modified their holdings of the business. Mather Group LLC. boosted its holdings in Capital One Financial by 1.0% in the third quarter. Mather Group LLC. now owns 4,540 shares of the financial services provider’s stock worth $965,000 after purchasing an additional 47 shares in the last quarter. Nicolet Advisory Services LLC lifted its position in shares of Capital One Financial by 0.7% during the 3rd quarter. Nicolet Advisory Services LLC now owns 7,047 shares of the financial services provider’s stock worth $1,506,000 after purchasing an additional 48 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its position in Capital One Financial by 1.1% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 4,450 shares of the financial services provider’s stock worth $946,000 after buying an additional 49 shares during the period. Eagle Bay Advisors LLC grew its stake in shares of Capital One Financial by 3.6% in the second quarter. Eagle Bay Advisors LLC now owns 1,407 shares of the financial services provider’s stock worth $299,000 after acquiring an additional 49 shares during the last quarter. Finally, Optas LLC boosted its stake in shares of Capital One Financial by 1.4% in the 3rd quarter. Optas LLC now owns 3,484 shares of the financial services provider’s stock valued at $741,000 after purchasing an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Price Performance

The company’s 50 day simple moving average is $224.67 and its two-hundred day simple moving average is $218.75. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $157.76 billion, a P/E ratio of 104.78, a PEG ratio of 0.57 and a beta of 1.16.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Monday, November 3rd. The financial services provider reported $5.95 earnings per share for the quarter. The firm had revenue of $15.46 billion during the quarter. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%. As a group, equities analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were issued a dividend of $0.80 per share. The ex-dividend date of this dividend was Monday, November 17th. This represents a $3.20 annualized dividend and a yield of 1.3%. This is an increase from Capital One Financial’s previous quarterly dividend of $0.60. Capital One Financial’s dividend payout ratio (DPR) is presently 135.02%.

Capital One Financial Company Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.