Capital One Financial (NYSE:COF) Hits New 12-Month High Following Analyst Upgrade

Capital One Financial Corporation (NYSE:COF) shares hit a new 52-week high on Thursday after Jefferies Financial Group raised their price target on the stock from $265.00 to $275.00. Jefferies Financial Group currently has a buy rating on the stock. Capital One Financial traded as high as $238.47 and last traded at $237.57, with a volume of 4141079 shares changing hands. The stock had previously closed at $230.81.

COF has been the topic of several other research reports. Cowen restated a “buy” rating on shares of Capital One Financial in a research report on Wednesday, November 26th. Barclays raised their price objective on Capital One Financial from $257.00 to $271.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. JPMorgan Chase & Co. increased their target price on shares of Capital One Financial from $235.00 to $237.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Morgan Stanley boosted their price target on shares of Capital One Financial from $267.00 to $272.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Capital One Financial from $224.00 to $240.00 and gave the company a “hold” rating in a research note on Wednesday, October 22nd. Three analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $262.70.

Insider Buying and Selling

In related news, insider Lia Dean sold 3,269 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $218.15, for a total value of $713,132.35. Following the sale, the insider directly owned 69,855 shares in the company, valued at approximately $15,238,868.25. The trade was a 4.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $221.54, for a total transaction of $443,080.00. Following the transaction, the general counsel directly owned 94,486 shares of the company’s stock, valued at approximately $20,932,428.44. This trade represents a 2.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 280,218 shares of company stock valued at $62,395,804. 1.26% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Kingstone Capital Partners Texas LLC increased its holdings in shares of Capital One Financial by 588,668.3% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock valued at $24,988,129,000 after acquiring an additional 117,427,549 shares during the last quarter. Vanguard Group Inc. increased its stake in Capital One Financial by 74.8% in the second quarter. Vanguard Group Inc. now owns 56,380,913 shares of the financial services provider’s stock valued at $11,995,603,000 after purchasing an additional 24,129,990 shares during the last quarter. State Street Corp increased its stake in Capital One Financial by 63.4% in the second quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock valued at $5,910,500,000 after purchasing an additional 10,776,843 shares during the last quarter. Norges Bank acquired a new stake in Capital One Financial during the second quarter worth approximately $1,701,511,000. Finally, Geode Capital Management LLC lifted its position in shares of Capital One Financial by 64.1% during the 2nd quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider’s stock worth $2,970,628,000 after buying an additional 5,474,328 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Stock Performance

The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.45. The firm’s fifty day moving average price is $216.81 and its 200-day moving average price is $214.39. The firm has a market cap of $151.03 billion, a price-to-earnings ratio of 100.24, a PEG ratio of 0.55 and a beta of 1.16.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Monday, November 3rd. The financial services provider reported $5.95 earnings per share for the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. The firm had revenue of $15.46 billion during the quarter. Analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were given a $0.80 dividend. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Monday, November 17th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.3%. Capital One Financial’s payout ratio is currently 135.02%.

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.