Capital One Financial (NYSE:COF) Stock Price Up 4.9%

Capital One Financial Co. (NYSE:COF) shares rose 4.9% during mid-day trading on Thursday . The stock traded as high as $143.65 and last traded at $143.54. Approximately 1,338,914 shares changed hands during trading, a decline of 50% from the average daily volume of 2,658,142 shares. The stock had previously closed at $136.77.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on COF shares. Evercore ISI lifted their price objective on shares of Capital One Financial from $142.00 to $155.00 and gave the company an “in-line” rating in a report on Thursday, March 28th. Wolfe Research raised Capital One Financial from a “peer perform” rating to an “outperform” rating and set a $189.00 price objective on the stock in a research report on Thursday, April 4th. Royal Bank of Canada lifted their target price on Capital One Financial from $142.00 to $150.00 and gave the company a “sector perform” rating in a report on Wednesday, February 21st. Piper Sandler upped their price target on Capital One Financial from $126.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, February 23rd. Finally, UBS Group lifted their price objective on Capital One Financial from $132.00 to $140.00 and gave the company a “neutral” rating in a research note on Thursday, February 29th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Capital One Financial currently has a consensus rating of “Hold” and a consensus price target of $137.05.

Capital One Financial Stock Up 3.6 %

The firm’s 50-day simple moving average is $139.06 and its two-hundred day simple moving average is $123.61. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $53.87 billion, a price-to-earnings ratio of 11.91, a price-to-earnings-growth ratio of 0.98 and a beta of 1.48.

Capital One Financial (NYSE:COF) last posted its earnings results on Thursday, January 25th. The financial services provider reported $2.24 EPS for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.26). Capital One Financial had a return on equity of 9.24% and a net margin of 9.88%. The firm had revenue of $9.51 billion for the quarter, compared to analysts’ expectations of $9.45 billion. Sell-side analysts predict that Capital One Financial Co. will post 13.84 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Monday, February 12th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend was Friday, February 9th. Capital One Financial’s dividend payout ratio (DPR) is presently 20.08%.

Institutional Investors Weigh In On Capital One Financial

Several hedge funds have recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Capital One Financial in the fourth quarter valued at $318,480,000. Capital Research Global Investors grew its position in Capital One Financial by 16.7% in the fourth quarter. Capital Research Global Investors now owns 12,227,848 shares of the financial services provider’s stock valued at $1,603,316,000 after acquiring an additional 1,745,545 shares in the last quarter. First Trust Advisors LP lifted its holdings in Capital One Financial by 603.3% in the 1st quarter. First Trust Advisors LP now owns 1,731,554 shares of the financial services provider’s stock worth $227,336,000 after buying an additional 1,485,339 shares in the last quarter. Pzena Investment Management LLC increased its holdings in Capital One Financial by 8.3% during the 3rd quarter. Pzena Investment Management LLC now owns 7,626,988 shares of the financial services provider’s stock worth $740,199,000 after purchasing an additional 585,797 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in Capital One Financial by 21.6% during the 4th quarter. Legal & General Group Plc now owns 3,291,202 shares of the financial services provider’s stock valued at $431,542,000 after acquiring an additional 583,886 shares during the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

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.