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

Capital One Financial Co. (NYSE:COF) declared a quarterly dividend on Thursday, May 2nd, RTT News reports. Stockholders of record on Monday, May 13th will be paid a dividend of 0.60 per share by the financial services provider on Friday, May 24th. This represents a $2.40 annualized dividend and a dividend yield of 1.69%.

Capital One Financial has increased its dividend payment by an average of 33.9% annually over the last three years. Capital One Financial has a payout ratio of 15.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Capital One Financial to earn $16.32 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 14.7%.

Capital One Financial Stock Up 0.1 %

Shares of NYSE COF traded up $0.17 during midday trading on Thursday, hitting $141.81. The stock had a trading volume of 2,037,897 shares, compared to its average volume of 2,699,046. The business’s 50 day moving average is $140.89 and its 200-day moving average is $127.13. The company has a market cap of $53.94 billion, a P/E ratio of 11.12, a PEG ratio of 1.04 and a beta of 1.46. Capital One Financial has a 52 week low of $83.93 and a 52 week high of $149.94. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.86.

Capital One Financial (NYSE:COF) last issued its earnings results on Thursday, April 25th. The financial services provider reported $3.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.25 by ($0.04). The firm had revenue of $9.40 billion during the quarter, compared to the consensus estimate of $9.35 billion. Capital One Financial had a return on equity of 9.74% and a net margin of 10.19%. The company’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.31 EPS. As a group, analysts predict that Capital One Financial will post 13.7 EPS for the current year.

Insider Transactions at Capital One Financial

In other news, insider Timothy P. Golden sold 8,656 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $144.04, for a total value of $1,246,810.24. Following the completion of the sale, the insider now owns 10,246 shares in the company, valued at approximately $1,475,833.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on COF. UBS Group upped their target price on shares of Capital One Financial from $132.00 to $140.00 and gave the company a “neutral” rating in a report on Thursday, February 29th. Robert W. Baird cut shares of Capital One Financial from an “outperform” rating to a “neutral” rating and cut their target price for the company from $150.00 to $145.00 in a research note on Monday, January 8th. JPMorgan Chase & Co. raised their target price on shares of Capital One Financial from $134.00 to $152.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $159.00 target price on shares of Capital One Financial in a research note on Wednesday, March 27th. Finally, Wells Fargo & Company raised their target price on shares of Capital One Financial from $160.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Capital One Financial presently has a consensus rating of “Hold” and a consensus price target of $138.50.

About Capital One Financial

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.