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

Capital One Financial Co. (NYSE:COF) announced a quarterly dividend on Wednesday, July 27th, RTT News reports. Shareholders of record on Monday, August 8th will be given a dividend of 0.60 per share by the financial services provider on Friday, August 19th. This represents a $2.40 annualized dividend and a yield of 2.25%.

Capital One Financial has a payout ratio of 12.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Capital One Financial to earn $18.57 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 12.9%.

Capital One Financial Stock Down 2.0 %

Shares of COF traded down $2.21 during mid-day trading on Thursday, hitting $106.73. The company’s stock had a trading volume of 63,473 shares, compared to its average volume of 2,391,975. The company’s 50-day moving average is $112.60 and its 200-day moving average is $130.20. Capital One Financial has a 52-week low of $98.54 and a 52-week high of $177.95. The firm has a market capitalization of $41.95 billion, a price-to-earnings ratio of 4.66, a PEG ratio of 0.31 and a beta of 1.48. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.10.

Capital One Financial (NYSE:COFGet Rating) last announced its quarterly earnings results on Thursday, July 21st. The financial services provider reported $4.96 earnings per share for the quarter, missing the consensus estimate of $5.11 by ($0.15). Capital One Financial had a return on equity of 17.07% and a net margin of 29.23%. During the same quarter in the previous year, the firm posted $7.71 earnings per share. On average, equities research analysts forecast that Capital One Financial will post 20.24 EPS for the current fiscal year.

Insider Transactions at Capital One Financial

In other news, insider Sheldon Hall sold 14,504 shares of the stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $125.00, for a total value of $1,813,000.00. Following the sale, the insider now owns 68,337 shares in the company, valued at $8,542,125. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Sheldon Hall sold 14,504 shares of the firm’s stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $125.00, for a total transaction of $1,813,000.00. Following the sale, the insider now owns 68,337 shares in the company, valued at $8,542,125. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Richard D. Fairbank sold 12,538 shares of the firm’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of $108.79, for a total transaction of $1,364,009.02. Following the sale, the chief executive officer now owns 3,758,863 shares in the company, valued at approximately $408,926,705.77. The disclosure for this sale can be found here. Insiders have sold 27,066 shares of company stock worth $3,179,826 over the last 90 days. 1.27% of the stock is currently owned by company insiders.

Institutional Trading of Capital One Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in COF. First Trust Advisors LP lifted its holdings in Capital One Financial by 603.3% during the first quarter. First Trust Advisors LP now owns 1,731,554 shares of the financial services provider’s stock valued at $227,336,000 after purchasing an additional 1,485,339 shares in the last quarter. Edgar Lomax Co. VA lifted its holdings in Capital One Financial by 213.1% during the first quarter. Edgar Lomax Co. VA now owns 462,140 shares of the financial services provider’s stock valued at $60,674,000 after purchasing an additional 314,545 shares in the last quarter. Eaton Vance Management lifted its holdings in Capital One Financial by 67.9% during the first quarter. Eaton Vance Management now owns 315,174 shares of the financial services provider’s stock valued at $41,380,000 after purchasing an additional 127,454 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Capital One Financial by 1.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 5,413,955 shares of the financial services provider’s stock valued at $710,798,000 after purchasing an additional 95,770 shares in the last quarter. Finally, Weiss Multi Strategy Advisers LLC lifted its holdings in Capital One Financial by 749.1% during the first quarter. Weiss Multi Strategy Advisers LLC now owns 90,000 shares of the financial services provider’s stock valued at $11,816,000 after purchasing an additional 79,401 shares in the last quarter. Institutional investors and hedge funds own 89.31% of the company’s stock.

Analysts Set New Price Targets

COF has been the subject of several research reports. Wells Fargo & Company lowered their price target on shares of Capital One Financial from $160.00 to $130.00 and set an “overweight” rating for the company in a research report on Wednesday, July 13th. Keefe, Bruyette & Woods decreased their target price on shares of Capital One Financial from $200.00 to $171.00 in a research report on Monday, July 11th. Barclays reissued a “maintains” rating on shares of Capital One Financial in a research report on Monday. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Capital One Financial from $192.00 to $170.00 in a research report on Friday, July 22nd. Finally, StockNews.com started coverage on shares of Capital One Financial in a research report on Thursday, March 31st. They set a “hold” rating for the company. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $151.60.

About Capital One Financial

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Capital One Financial Corporation operates as the financial services holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides 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.

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Dividend History for Capital One Financial (NYSE:COF)

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