Capital One Financial (NYSE:COF) Stock Price Down 6.8% – Time to Sell?

Capital One Financial Co. (NYSE:COF)’s stock price dropped 6.8% during trading on Tuesday . The stock traded as low as $180.93 and last traded at $182.91. Approximately 2,846,920 shares traded hands during mid-day trading, a decline of 17% from the average daily volume of 3,418,926 shares. The stock had previously closed at $196.18.

Analysts Set New Price Targets

A number of brokerages have issued reports on COF. UBS Group raised Capital One Financial from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $168.00 to $235.00 in a report on Monday, January 13th. HSBC raised Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 target price on the stock in a research report on Tuesday, January 14th. Royal Bank of Canada upped their price target on Capital One Financial from $190.00 to $200.00 and gave the company a “sector perform” rating in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods raised their price objective on shares of Capital One Financial from $185.00 to $232.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Finally, Bank of America upgraded 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 report on Wednesday, February 19th. Seven research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $202.27.

Capital One Financial Stock Down 5.8 %

The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98. The firm’s 50 day moving average price is $193.64 and its two-hundred day moving average price is $173.65. The firm has a market cap of $70.48 billion, a price-to-earnings ratio of 15.95, a P/E/G ratio of 1.19 and a beta of 1.47.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.31. The company 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 firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period last year, the firm earned $2.81 EPS. As a group, sell-side analysts forecast that Capital One Financial Co. will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a yield of 1.30%. Capital One Financial’s dividend payout ratio (DPR) is 20.71%.

Hedge Funds Weigh In On Capital One Financial

A number of large investors have recently bought and sold shares of COF. Siemens Fonds Invest GmbH boosted its stake in shares of Capital One Financial by 2,139.7% during the 4th quarter. Siemens Fonds Invest GmbH now owns 92,431 shares of the financial services provider’s stock worth $16,482,000 after acquiring an additional 88,304 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Capital One Financial during the fourth quarter worth $34,343,000. Jefferies Financial Group Inc. boosted its position in Capital One Financial by 737.8% during the fourth quarter. Jefferies Financial Group Inc. now owns 22,583 shares of the financial services provider’s stock worth $4,027,000 after purchasing an additional 26,124 shares in the last quarter. Challenger Wealth Management purchased a new stake in Capital One Financial during the fourth quarter worth $374,000. Finally, Ascent Group LLC grew its holdings in Capital One Financial by 7.9% in the fourth quarter. Ascent Group LLC now owns 21,659 shares of the financial services provider’s stock valued at $3,862,000 after purchasing an additional 1,582 shares during the last quarter. Hedge funds and other institutional investors 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.