Capital One Financial (NYSE:COF) Shares Cross Above 200 Day Moving Average – What’s Next?

Capital One Financial Co. (NYSE:COF) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $156.17 and traded as high as $179.30. Capital One Financial shares last traded at $177.93, with a volume of 1,725,975 shares.

Analysts Set New Price Targets

A number of research firms have issued reports on COF. Robert W. Baird raised their target price on Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Citigroup began coverage on shares of Capital One Financial in a research note on Friday, September 20th. They issued a “buy” rating and a $190.00 price objective on the stock. JPMorgan Chase & Co. upped their target price on shares of Capital One Financial from $162.00 to $186.00 and gave the company a “neutral” rating in a research note on Monday, December 9th. Keefe, Bruyette & Woods raised their price target on shares of Capital One Financial from $185.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Finally, Bank of America lowered shares of Capital One Financial from a “buy” rating to a “neutral” rating and cut their price objective for the company from $203.00 to $200.00 in a research report on Monday, December 9th. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Capital One Financial has a consensus rating of “Hold” and a consensus target price of $171.50.

Capital One Financial Trading Down 1.3 %

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 company has a market cap of $67.88 billion, a price-to-earnings ratio of 16.80, a price-to-earnings-growth ratio of 1.36 and a beta of 1.45. The company’s fifty day moving average price is $179.50 and its two-hundred day moving average price is $156.17.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.70 by $0.81. The business had revenue of $10 billion for the quarter, compared to the consensus estimate of $9.88 billion. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.45 EPS. Research analysts expect that Capital One Financial Co. will post 13.54 earnings per share for the current year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 14th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.35%. The ex-dividend date was Thursday, November 14th. Capital One Financial’s dividend payout ratio (DPR) is presently 22.66%.

Insiders Place Their Bets

In related news, insider Mark Daniel Mouadeb sold 1,994 shares of the 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 in the company, valued at $3,211,029.12. This represents a 9.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Frank G. LapradeIii sold 15,751 shares of Capital One Financial stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $160.00, for a total transaction of $2,520,160.00. Following the sale, the insider now directly owns 44,711 shares of the company’s stock, valued at $7,153,760. This represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,007 shares of company stock valued at $4,982,647. 1.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Capital One Financial

A number of hedge funds have recently modified their holdings of COF. Y.D. More Investments Ltd acquired a new stake in Capital One Financial in the second quarter worth $28,000. Catalyst Capital Advisors LLC acquired a new position in Capital One Financial in the third quarter valued at about $36,000. Strategic Financial Concepts LLC bought a new stake in shares of Capital One Financial in the second quarter worth about $42,000. Creative Financial Designs Inc. ADV raised its position in shares of Capital One Financial by 135.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 289 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 166 shares during the period. Finally, Eastern Bank bought a new position in shares of Capital One Financial during the 3rd quarter valued at about $44,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

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.