Capital One Financial (NYSE:COF) Announces Quarterly Earnings Results, Misses Expectations By $0.21 EPS

Capital One Financial Corporation (NYSE:COF) announced its earnings results on Thursday. The financial services provider reported $3.86 EPS for the quarter, missing the consensus estimate of $4.07 by ($0.21), FiscalAI reports. The firm had revenue of $15.62 billion during the quarter, compared to analysts’ expectations of $15.49 billion. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%.

Capital One Financial Stock Performance

Shares of NYSE:COF traded up $4.34 during midday trading on Thursday, hitting $235.35. The company had a trading volume of 5,099,590 shares, compared to its average volume of 6,082,017. The company has a fifty day moving average of $232.72 and a two-hundred day moving average of $223.24. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $259.64. The company has a market cap of $149.62 billion, a price-to-earnings ratio of 99.30, a PEG ratio of 0.52 and a beta of 1.13.

Capital One Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were given a $0.80 dividend. The ex-dividend date was Monday, November 17th. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. This represents a $3.20 annualized dividend and a yield of 1.4%. Capital One Financial’s payout ratio is 135.02%.

Trending Headlines about Capital One Financial

Here are the key news stories impacting Capital One Financial this week:

Analysts Set New Price Targets

COF has been the subject of several analyst reports. Morgan Stanley raised their price objective on shares of Capital One Financial from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday. Keefe, Bruyette & Woods increased their price target on shares of Capital One Financial from $260.00 to $290.00 and gave the stock an “outperform” rating in a report on Friday, January 2nd. Truist Financial raised their price objective on Capital One Financial from $270.00 to $290.00 and gave the company a “buy” rating in a report on Friday, December 19th. TD Cowen reaffirmed a “buy” rating on shares of Capital One Financial in a research note on Thursday, January 8th. Finally, UBS Group decreased their target price on shares of Capital One Financial from $270.00 to $266.00 and set a “buy” rating on the stock in a research note on Tuesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $280.00.

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Insider Buying and Selling

In related news, insider Lia Dean sold 3,269 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $218.15, for a total value of $713,132.35. Following the transaction, the insider directly owned 69,855 shares of the company’s stock, valued at approximately $15,238,868.25. The trade was a 4.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Neal Blinde sold 43,200 shares of the stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $221.83, for a total transaction of $9,583,056.00. Following the transaction, the insider directly owned 73,020 shares of the company’s stock, valued at $16,198,026.60. This trade represents a 37.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 298,895 shares of company stock worth $67,111,541 in the last three months. Corporate insiders own 1.26% of the company’s stock.

Hedge Funds Weigh In On Capital One Financial

A number of hedge funds have recently added to or reduced their stakes in COF. Strive Asset Management LLC purchased a new stake in Capital One Financial in the third quarter worth about $28,000. WFA of San Diego LLC acquired a new stake in Capital One Financial in the second quarter worth about $32,000. Adalta Capital Management LLC purchased a new position in shares of Capital One Financial in the third quarter worth $38,000. Riggs Asset Managment Co. Inc. lifted its position in Capital One Financial by 10,550.0% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 213 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 211 shares during the period. Finally, Beaird Harris Wealth Management LLC boosted its position in Capital One Financial by 350.0% in the third quarter. Beaird Harris Wealth Management LLC now owns 270 shares of the financial services provider’s stock valued at $57,000 after buying an additional 210 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors.

About Capital One Financial

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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.

See Also

Earnings History for Capital One Financial (NYSE:COF)

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