Capital One Financial (NYSE:COF) Reaches New 1-Year High – Here’s What Happened

Shares of Capital One Financial Co. (NYSE:COF) hit a new 52-week high during trading on Wednesday . The company traded as high as $209.34 and last traded at $209.23, with a volume of 2945460 shares traded. The stock had previously closed at $202.80.

Analyst Ratings Changes

COF has been the topic of a number of research reports. Argus upgraded Capital One Financial to a “strong-buy” rating in a research report on Thursday, January 23rd. Truist Financial boosted their price target on shares of Capital One Financial from $229.00 to $257.00 and gave the company a “buy” rating in a report on Monday, January 27th. Robert W. Baird raised their price objective on shares of Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Bank of America raised shares of Capital One Financial from a “neutral” rating to a “buy” rating and upped their target price for the company from $207.00 to $235.00 in a research note on Wednesday. Finally, Hsbc Global Res upgraded shares of Capital One Financial from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Capital One Financial presently has a consensus rating of “Moderate Buy” and an average price target of $198.50.

Capital One Financial Stock Performance

The stock has a 50 day moving average price of $190.24 and a two-hundred day moving average price of $169.47. The company has a market capitalization of $80.05 billion, a price-to-earnings ratio of 18.12, a price-to-earnings-growth ratio of 1.17 and a beta of 1.47. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98.

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

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.40 annualized dividend and a dividend yield of 1.14%. Capital One Financial’s dividend payout ratio (DPR) is currently 20.71%.

Hedge Funds Weigh In On Capital One Financial

Large investors have recently made changes to their positions in the company. Neo Ivy Capital Management boosted its stake in shares of Capital One Financial by 15.9% in the 4th quarter. Neo Ivy Capital Management now owns 1,869 shares of the financial services provider’s stock valued at $333,000 after purchasing an additional 257 shares during the last quarter. Investment Management Corp VA ADV bought a new position in shares of Capital One Financial in the 4th quarter worth $376,000. Helium Advisors LLC bought a new stake in Capital One Financial in the fourth quarter valued at about $205,000. Sunbelt Securities Inc. lifted its stake in Capital One Financial by 8.0% in the fourth quarter. Sunbelt Securities Inc. now owns 1,777 shares of the financial services provider’s stock valued at $316,000 after buying an additional 131 shares during the period. Finally, Vise Technologies Inc. grew its position in shares of Capital One Financial by 122.5% during the 4th quarter. Vise Technologies Inc. now owns 5,913 shares of the financial services provider’s stock worth $1,054,000 after buying an additional 3,255 shares during the period. Institutional investors and hedge funds own 89.84% of the company’s stock.

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.