Capital One Financial (NYSE:COF) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Capital One Financial Co. (NYSE:COF) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $156.17 and traded as high as $179.30. Capital One Financial shares last traded at $177.93, with a volume of 1,725,975 shares trading hands.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on COF. Citigroup assumed coverage on Capital One Financial in a research report on Friday, September 20th. They set a “buy” rating and a $190.00 price target on the stock. Bank of America cut Capital One Financial from a “buy” rating to a “neutral” rating and decreased their price target for the company from $203.00 to $200.00 in a research note on Monday, December 9th. Evercore ISI boosted their price target on Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. lifted their target price on shares of Capital One Financial from $162.00 to $186.00 and gave the stock a “neutral” rating in a research note on Monday, December 9th. Finally, Robert W. Baird upped their target price on Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $171.50.

Capital One Financial Stock Up 0.2 %

The stock has a market cap of $68.03 billion, a PE ratio of 16.84, a price-to-earnings-growth ratio of 1.36 and a beta of 1.45. The business has a 50-day moving average price of $179.95 and a 200-day moving average price of $156.48. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.78.

Capital One Financial (NYSE:COF) last announced its earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.70 by $0.81. The business had revenue of $10 billion for the quarter, compared to analyst estimates of $9.88 billion. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the business earned $4.45 earnings per share. As a group, analysts forecast that Capital One Financial Co. will post 13.54 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th were given a $0.60 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $2.40 annualized dividend and a dividend yield of 1.35%. Capital One Financial’s dividend payout ratio (DPR) is presently 22.66%.

Insider Transactions at Capital One Financial

In other news, insider Michael Zamsky sold 10,541 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total value of $2,005,530.66. Following the completion of the sale, the insider now directly owns 26,482 shares in the company, valued at $5,038,465.32. This represents a 28.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Frank G. LapradeIii sold 15,751 shares of the 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 completion of the sale, the insider now directly owns 44,711 shares of the company’s stock, valued at approximately $7,153,760. This represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,007 shares of company stock valued at $4,982,647 over the last ninety days. Insiders own 1.30% of the company’s stock.

Institutional Trading of Capital One Financial

Several large investors have recently added to or reduced their stakes in the stock. State Street Corp grew its holdings in shares of Capital One Financial by 0.5% in the third quarter. State Street Corp now owns 16,506,861 shares of the financial services provider’s stock valued at $2,471,572,000 after purchasing an additional 74,784 shares during the period. Franklin Resources Inc. boosted its holdings in Capital One Financial by 2.8% in the 3rd quarter. Franklin Resources Inc. now owns 10,387,265 shares of the financial services provider’s stock valued at $1,649,488,000 after purchasing an additional 280,462 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of Capital One Financial by 0.7% in the 3rd quarter. Fisher Asset Management LLC now owns 9,694,297 shares of the financial services provider’s stock valued at $1,451,527,000 after buying an additional 72,097 shares during the period. Geode Capital Management LLC increased its holdings in shares of Capital One Financial by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 8,020,160 shares of the financial services provider’s stock worth $1,198,664,000 after buying an additional 159,616 shares during the last quarter. Finally, FMR LLC raised its position in Capital One Financial by 21.4% in the third quarter. FMR LLC now owns 6,640,951 shares of the financial services provider’s stock valued at $994,350,000 after purchasing an additional 1,169,395 shares during the period. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

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.