Capital One Financial (NYSE:COF) Reaches New 52-Week High on Analyst Upgrade

Capital One Financial Corporation (NYSE:COF)’s stock price reached a new 52-week high during trading on Monday after BTIG Research raised their price target on the stock from $264.00 to $308.00. BTIG Research currently has a buy rating on the stock. Capital One Financial traded as high as $249.93 and last traded at $248.32, with a volume of 1494 shares traded. The stock had previously closed at $249.32.

Several other analysts have also issued reports on COF. Cowen restated a “buy” rating on shares of Capital One Financial in a research note on Wednesday, November 26th. UBS Group decreased their price objective on Capital One Financial from $270.00 to $266.00 and set a “buy” rating for the company in a report on Tuesday, October 7th. Jefferies Financial Group upped their price objective on shares of Capital One Financial from $265.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. The Goldman Sachs Group lifted their target price on shares of Capital One Financial from $266.00 to $276.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Finally, Citigroup boosted their price target on shares of Capital One Financial from $275.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $267.45.

Insider Activity

In other Capital One Financial news, insider Celia Karam sold 2,936 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $218.15, for a total value of $640,488.40. Following the completion of the sale, the insider owned 63,433 shares of the company’s stock, valued at $13,837,908.95. This represents a 4.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lia Dean sold 3,269 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $218.15, for a total transaction of $713,132.35. Following the transaction, the insider owned 69,855 shares in the company, valued at $15,238,868.25. The trade was a 4.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 280,218 shares of company stock valued at $62,395,804. 1.26% of the stock is owned by insiders.

Hedge Funds Weigh In On Capital One Financial

Large investors have recently bought and sold shares of the stock. Brighton Jones LLC increased its stake in shares of Capital One Financial by 330.1% in the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock worth $2,423,000 after buying an additional 10,428 shares during the period. WPG Advisers LLC bought a new stake in Capital One Financial in the 1st quarter worth $25,000. Evergreen Capital Management LLC increased its position in shares of Capital One Financial by 3.2% in the first quarter. Evergreen Capital Management LLC now owns 4,544 shares of the financial services provider’s stock valued at $815,000 after acquiring an additional 141 shares during the period. Vident Advisory LLC increased its position in shares of Capital One Financial by 53.8% in the first quarter. Vident Advisory LLC now owns 8,090 shares of the financial services provider’s stock valued at $1,451,000 after acquiring an additional 2,829 shares during the period. Finally, Saudi Central Bank bought a new position in shares of Capital One Financial during the first quarter valued at about $27,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Trading Down 1.4%

The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $156.20 billion, a PE ratio of 103.67, a price-to-earnings-growth ratio of 0.57 and a beta of 1.16. The stock’s fifty day moving average price is $225.28 and its two-hundred day moving average price is $219.09.

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 (EPS) for the quarter. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.The company had revenue of $15.46 billion for the quarter. Sell-side analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Increases Dividend

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

Capital One Financial Company Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.