Capital One Financial (NYSE:COF) Reaches New 1-Year High Following Analyst Upgrade

Capital One Financial Corporation (NYSE:COF)’s share price reached a new 52-week high on Monday after Wells Fargo & Company raised their price target on the stock from $265.00 to $280.00. Wells Fargo & Company currently has an overweight rating on the stock. Capital One Financial traded as high as $252.08 and last traded at $252.9560, with a volume of 616337 shares changing hands. The stock had previously closed at $247.93.

A number of other equities analysts have also recently issued reports on the stock. UBS Group dropped their price target on shares of Capital One Financial from $270.00 to $266.00 and set a “buy” rating on the stock in a research note on Tuesday, October 7th. Barclays raised their price target on shares of Capital One Financial from $257.00 to $271.00 and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Morgan Stanley reissued an “overweight” rating and issued a $280.00 target price on shares of Capital One Financial in a report on Tuesday, December 16th. Zacks Research downgraded Capital One Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Finally, Cowen reiterated a “buy” rating on shares of Capital One Financial in a research note on Wednesday, November 26th. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $270.70.

Insider Activity

In related news, insider Neal Blinde sold 43,200 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $221.83, for a total value of $9,583,056.00. Following the completion of the sale, the insider owned 73,020 shares in the company, valued at approximately $16,198,026.60. The trade was a 37.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Celia Karam sold 2,936 shares of the firm’s stock in a transaction 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 transaction, the insider owned 63,433 shares in the company, valued at $13,837,908.95. The trade was a 4.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 278,218 shares of company stock valued at $61,971,824. Insiders own 1.26% of the company’s stock.

Institutional Inflows and Outflows

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

Capital One Financial Stock Performance

The firm has a fifty day moving average of $227.70 and a 200 day moving average of $220.85. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $159.18 billion, a price-to-earnings ratio of 105.65, a price-to-earnings-growth ratio of 0.56 and a beta of 1.13.

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. The company had revenue of $15.46 billion during the quarter. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%. On average, sell-side analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Increases Dividend

The firm also recently declared 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 is an increase from Capital One Financial’s previous quarterly dividend of $0.60. This represents a $3.20 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Monday, November 17th. Capital One Financial’s dividend payout ratio (DPR) is currently 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.