Capital One Financial (NYSE:COF) Stock Price Down 5.1% – Here’s Why

Capital One Financial Co. (NYSE:COF) traded down 5.1% on Monday . The stock traded as low as $164.48 and last traded at $163.17. 2,816,219 shares changed hands during trading, a decline of 26% from the average session volume of 3,785,268 shares. The stock had previously closed at $171.87.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods boosted their target price on Capital One Financial from $185.00 to $232.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Barclays boosted their target price on Capital One Financial from $219.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. UBS Group raised Capital One Financial from a “neutral” rating to a “buy” rating and boosted their target price for the company from $168.00 to $235.00 in a research report on Monday, January 13th. JPMorgan Chase & Co. upped their price objective on Capital One Financial from $162.00 to $186.00 and gave the company a “neutral” rating in a research report on Monday, December 9th. Finally, Truist Financial upped their price objective on Capital One Financial from $229.00 to $257.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $206.67.

Capital One Financial Stock Down 0.7 %

The firm has a market capitalization of $63.91 billion, a PE ratio of 14.49, a PEG ratio of 1.19 and a beta of 1.47. The company has a fifty day simple moving average of $191.75 and a two-hundred day simple moving average of $175.93. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.31. The business had revenue of $10.19 billion during the quarter, compared to analysts’ expectations of $10.22 billion. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.81 EPS. Analysts forecast that Capital One Financial Co. will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend was Tuesday, February 18th. Capital One Financial’s dividend payout ratio (DPR) is currently 20.71%.

Institutional Investors Weigh In On Capital One Financial

A number of hedge funds have recently made changes to their positions in COF. Bfsg LLC purchased a new stake in shares of Capital One Financial during the 4th quarter worth $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Capital One Financial during the 4th quarter worth $27,000. TruNorth Capital Management LLC acquired a new position in Capital One Financial during the 4th quarter valued at about $29,000. Decker Retirement Planning Inc. acquired a new position in Capital One Financial during the 4th quarter valued at about $32,000. Finally, SBI Securities Co. Ltd. acquired a new position in Capital One Financial during the 4th quarter valued at about $32,000. 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.