Capital One Financial (NYSE:COF) Sees Large Volume Increase – What’s Next?

Capital One Financial Co. (NYSE:COF) shares saw unusually-high trading volume on Thursday . Approximately 10,473,121 shares changed hands during trading, an increase of 263% from the previous session’s volume of 2,887,969 shares.The stock last traded at $166.31 and had previously closed at $182.18.

Analysts Set New Price Targets

A number of research analysts have recently commented on COF shares. Bank of America raised shares of Capital One Financial from a “neutral” rating to a “buy” rating and increased their target price for the stock from $207.00 to $235.00 in a report on Wednesday, February 19th. Robert W. Baird upgraded shares of Capital One Financial from a “neutral” rating to an “outperform” rating and raised their target price for the company from $190.00 to $200.00 in a research report on Tuesday, March 11th. Citigroup decreased their target price on shares of Capital One Financial from $245.00 to $230.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. Argus upgraded Capital One Financial to a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, Hsbc Global Res raised Capital One Financial from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 14th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $207.80.

Capital One Financial Price Performance

The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The business’s 50-day simple moving average is $187.92 and its two-hundred day simple moving average is $178.49. The firm has a market cap of $57.29 billion, a price-to-earnings ratio of 12.96, a P/E/G ratio of 1.19 and a beta of 1.24.

Capital One Financial (NYSE:COF) last announced its earnings results 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 business had revenue of $10.19 billion during the quarter, compared to the consensus estimate 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 quarter last year, the firm earned $2.81 earnings per share. As a group, research analysts expect that Capital One Financial Co. will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.40 annualized dividend and a yield of 1.60%. Capital One Financial’s dividend payout ratio is currently 20.71%.

Hedge Funds Weigh In On Capital One Financial

A number of institutional investors and hedge funds have recently modified their holdings of COF. Principal Financial Group Inc. lifted its position in shares of Capital One Financial by 4.3% during the 3rd quarter. Principal Financial Group Inc. now owns 430,654 shares of the financial services provider’s stock valued at $64,482,000 after acquiring an additional 17,825 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Capital One Financial by 4.5% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 46,174 shares of the financial services provider’s stock valued at $8,234,000 after purchasing an additional 2,006 shares in the last quarter. Artemis Investment Management LLP acquired a new position in shares of Capital One Financial during the fourth quarter valued at about $46,915,000. Geode Capital Management LLC boosted its position in shares of Capital One Financial by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 8,227,587 shares of the financial services provider’s stock worth $1,467,393,000 after purchasing an additional 207,427 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Capital One Financial by 9.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 250,696 shares of the financial services provider’s stock valued at $44,704,000 after buying an additional 22,063 shares during the period. 89.84% of the stock is currently owned by institutional investors.

Capital One Financial Company Profile

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.