Capital One Financial (NYSE:COF) Sets New 1-Year High – Still a Buy?

Capital One Financial Co. (NYSE:COF)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $160.45 and last traded at $159.08, with a volume of 234752 shares traded. The stock had previously closed at $158.07.

Analysts Set New Price Targets

A number of analysts recently commented on COF shares. Barclays lifted 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. Royal Bank of Canada reiterated a “sector perform” rating and set a $150.00 price objective on shares of Capital One Financial in a research report on Thursday, July 25th. JPMorgan Chase & Co. lifted their price objective on Capital One Financial from $156.00 to $157.00 and gave the stock a “neutral” rating in a research report on Monday, October 7th. Citigroup began coverage on Capital One Financial in a report on Friday, September 20th. They issued a “buy” rating and a $190.00 price target for the company. Finally, Bank of America lifted their price target on Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Twelve research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Capital One Financial has a consensus rating of “Hold” and an average target price of $151.56.

Capital One Financial Stock Up 0.3 %

The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market cap of $60.27 billion, a PE ratio of 12.38, a PEG ratio of 1.22 and a beta of 1.44. The stock has a fifty day moving average price of $144.77 and a 200-day moving average price of $142.21.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 EPS for the quarter, missing the consensus estimate of $3.28 by ($0.14). The company had revenue of $9.51 billion for the quarter, compared to analyst estimates of $9.57 billion. Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The business’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the firm posted $3.52 earnings per share. Research analysts expect that Capital One Financial Co. will post 12.87 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently declared 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. This represents a $2.40 annualized dividend and a yield of 1.51%. The ex-dividend date was Monday, August 12th. Capital One Financial’s dividend payout ratio (DPR) is presently 18.79%.

Insider Buying and Selling

In other Capital One Financial news, CEO Kevin S. Borgmann sold 61,532 shares of the company’s stock in a transaction that occurred on 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 $5,438,491.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Capital One Financial

A number of institutional investors have recently made changes to their positions in COF. Chicago Partners Investment Group LLC acquired a new position in shares of Capital One Financial in the 4th quarter valued at approximately $213,000. Wellington Management Group LLP raised its position in shares of Capital One Financial by 13.9% during the 4th quarter. Wellington Management Group LLP now owns 1,349,167 shares of the financial services provider’s stock valued at $176,903,000 after acquiring an additional 164,496 shares in the last quarter. CWM LLC raised its position in shares of Capital One Financial by 12.9% during the 1st quarter. CWM LLC now owns 7,188 shares of the financial services provider’s stock valued at $1,070,000 after acquiring an additional 819 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of Capital One Financial during the 1st quarter valued at approximately $126,000. Finally, Rise Advisors LLC acquired a new stake in shares of Capital One Financial during the 1st quarter valued at approximately $33,000. 89.84% of the stock is owned by institutional investors and hedge funds.

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.