Capital One Financial (NYSE:COF) Sets New 12-Month High on Analyst Upgrade

Capital One Financial Corporation (NYSE:COF)’s share price hit a new 52-week high during mid-day trading on Monday after BTIG Research raised their price target on the stock from $264.00 to $308.00. BTIG Research currently has a buy rating on the stock. Capital One Financial traded as high as $249.93 and last traded at $248.32, with a volume of 1494 shares changing hands. The stock had previously closed at $249.32.

A number of other research analysts have also recently issued reports on the company. JPMorgan Chase & Co. raised their price objective on Capital One Financial from $235.00 to $237.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Cowen reaffirmed a “buy” rating on shares of Capital One Financial in a research note on Wednesday, November 26th. Robert W. Baird increased their price objective on Capital One Financial from $245.00 to $270.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Evercore ISI increased their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 30th. Finally, TD Cowen raised their target price on shares of Capital One Financial from $258.00 to $261.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $267.45.

Insider Buying and Selling

In other Capital One Financial news, insider Neal Blinde sold 43,200 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $221.83, for a total value of $9,583,056.00. Following the completion of the transaction, the insider directly owned 73,020 shares in the company, valued at $16,198,026.60. This represents a 37.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Celia Karam sold 2,936 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $218.15, for a total transaction of $640,488.40. Following the transaction, the insider directly owned 63,433 shares of the company’s stock, valued at $13,837,908.95. The trade was a 4.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 280,218 shares of company stock worth $62,395,804 in the last three months. Corporate insiders own 1.26% of the company’s stock.

Institutional Trading of Capital One Financial

Several institutional investors and hedge funds have recently modified their holdings of the stock. Mather Group LLC. lifted its stake in Capital One Financial by 1.0% in the 3rd quarter. Mather Group LLC. now owns 4,540 shares of the financial services provider’s stock worth $965,000 after purchasing an additional 47 shares in the last quarter. Nicolet Advisory Services LLC increased its stake in Capital One Financial by 0.7% during the 3rd quarter. Nicolet Advisory Services LLC now owns 7,047 shares of the financial services provider’s stock worth $1,506,000 after buying an additional 48 shares during the period. Nations Financial Group Inc. IA ADV boosted its holdings in Capital One Financial by 1.1% in the third quarter. Nations Financial Group Inc. IA ADV now owns 4,450 shares of the financial services provider’s stock valued at $946,000 after purchasing an additional 49 shares during the period. Eagle Bay Advisors LLC increased its stake in shares of Capital One Financial by 3.6% during the second quarter. Eagle Bay Advisors LLC now owns 1,407 shares of the financial services provider’s stock worth $299,000 after buying an additional 49 shares during the period. Finally, Optas LLC lifted its position in shares of Capital One Financial by 1.4% during the 3rd quarter. Optas LLC now owns 3,484 shares of the financial services provider’s stock worth $741,000 after purchasing an additional 49 shares during the last quarter. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Performance

The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a 50 day moving average of $224.67 and a two-hundred day moving average of $218.75. The stock has a market cap of $157.76 billion, a PE ratio of 104.78, a PEG ratio of 0.57 and a beta of 1.16.

Capital One Financial (NYSE:COF) last announced its earnings results on Monday, November 3rd. The financial services provider reported $5.95 EPS for the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. The business had revenue of $15.46 billion for the quarter. Research analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Monday, November 17th. This is a positive change from Capital One Financial’s previous quarterly dividend of $0.60. Capital One Financial’s dividend payout ratio is currently 135.02%.

About Capital One Financial

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.