Capital One Financial (NYSE:COF) Issues Earnings Results

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

Capital One Financial Stock Performance

NYSE:COF traded up $8.82 on Friday, hitting $162.08. The stock had a trading volume of 4,466,456 shares, compared to its average volume of 2,458,831. The stock has a market cap of $61.62 billion, a price-to-earnings ratio of 12.82, a price-to-earnings-growth ratio of 1.22 and a beta of 1.44. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.81. The business’s 50-day simple moving average is $147.07 and its two-hundred day simple moving average is $142.68. Capital One Financial Co. has a 52-week low of $89.08 and a 52-week high of $167.93.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were given a dividend of $0.60 per share. The ex-dividend date was Monday, August 12th. This represents a $2.40 annualized dividend and a dividend yield of 1.48%. Capital One Financial’s dividend payout ratio (DPR) is presently 18.79%.

Insiders Place Their Bets

In other Capital One Financial news, CEO Kevin S. Borgmann sold 61,532 shares of the firm’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 directly owns 40,934 shares of the company’s stock, 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 document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Kevin S. Borgmann sold 61,532 shares of Capital One Financial stock in a transaction dated 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 transaction, the chief executive officer now directly owns 40,934 shares of the company’s stock, valued at $5,438,491.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Frank G. LapradeIii sold 15,751 shares of Capital One Financial stock in a transaction that occurred 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 sale, the insider now directly owns 44,711 shares in the company, valued at $7,153,760. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on COF. Bank of America increased their price objective on Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Evercore ISI decreased their price objective on Capital One Financial from $166.00 to $163.00 and set an “in-line” rating for the company in a report on Monday, October 7th. JPMorgan Chase & Co. raised their price target on Capital One Financial from $156.00 to $157.00 and gave the company a “neutral” rating in a report on Monday, October 7th. Robert W. Baird raised their price target on Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a report on Friday. Finally, Royal Bank of Canada raised their price target on Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a report on Friday. Twelve investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $152.39.

About Capital One Financial

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.