Capital One Financial Co. (NYSE:COF) Plans Quarterly Dividend of $0.60

Capital One Financial Co. (NYSE:COF) announced a quarterly dividend on Monday, November 4th,RTT News reports. Shareholders of record on Thursday, November 14th will be given a dividend of 0.60 per share by the financial services provider on Friday, November 22nd. This represents a $2.40 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Thursday, November 14th.

Capital One Financial has raised its dividend by an average of 33.9% per year over the last three years. Capital One Financial has a dividend payout ratio of 15.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Capital One Financial to earn $15.74 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 15.2%.

Capital One Financial Stock Up 0.9 %

Shares of COF stock opened at $188.51 on Wednesday. Capital One Financial has a 12 month low of $104.21 and a 12 month high of $198.30. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.78. The firm has a market cap of $71.92 billion, a PE ratio of 17.64, a price-to-earnings-growth ratio of 1.41 and a beta of 1.43. The stock has a 50 day moving average of $155.16 and a 200-day moving average of $145.53.

Capital One Financial (NYSE:COF) last released its earnings results on Thursday, October 24th. The financial services provider reported $4.51 EPS for the quarter, beating the consensus estimate of $3.70 by $0.81. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The firm had revenue of $10 billion during the quarter, compared to analysts’ expectations of $9.88 billion. During the same period in the prior year, the company earned $4.45 EPS. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. On average, equities analysts predict that Capital One Financial will post 13.46 EPS for the current year.

Analysts Set New Price Targets

COF has been the subject of several research reports. JPMorgan Chase & Co. increased their target price on shares of Capital One Financial from $156.00 to $157.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. Royal Bank of Canada raised their price objective on Capital One Financial from $150.00 to $160.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. Barclays boosted their price objective on Capital One Financial from $154.00 to $158.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Bank of America raised their target price on Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Finally, Evercore ISI boosted their price target on shares of Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Eleven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Capital One Financial currently has an average rating of “Hold” and a consensus price target of $156.35.

Insider Buying and Selling

In other news, insider Mark Daniel Mouadeb sold 1,994 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $162.37, for a total transaction of $323,765.78. Following the transaction, the insider now owns 19,776 shares of the company’s stock, valued at $3,211,029.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Capital One Financial news, insider Mark Daniel Mouadeb sold 1,994 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $162.37, for a total value of $323,765.78. Following the transaction, the insider now directly owns 19,776 shares of the company’s stock, valued at approximately $3,211,029.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kara West sold 721 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $184.73, for a total transaction of $133,190.33. Following the sale, the insider now owns 12,929 shares of the company’s stock, valued at $2,388,374.17. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,466 shares of company stock worth $2,977,116 in the last quarter. Insiders own 1.30% 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.