Capital One Financial (NYSE:COF) Announces Quarterly Earnings Results

Capital One Financial Co. (NYSE:COF) issued its quarterly earnings results on Tuesday. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.78 by $0.31, Zacks reports. The firm had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10,220,675.12 billion. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The business’s revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.81 earnings per share.

Capital One Financial Trading Up 1.3 %

Shares of COF stock traded up $2.45 on Tuesday, hitting $193.42. The stock had a trading volume of 4,200,071 shares, compared to its average volume of 3,185,141. Capital One Financial Co. has a 1 year low of $128.23 and a 1 year high of $198.30. The firm has a market capitalization of $73.74 billion, a P/E ratio of 18.26, a P/E/G ratio of 1.23 and a beta of 1.46. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.00 and a quick ratio of 1.00. The company’s 50 day moving average price is $183.84 and its 200-day moving average price is $160.98.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 14th were issued a $0.60 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $2.40 annualized dividend and a dividend yield of 1.24%. Capital One Financial’s dividend payout ratio is presently 22.66%.

Insider Buying and Selling

In related news, insider Michael Zamsky sold 10,541 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total value of $2,005,530.66. Following the completion of the sale, the insider now directly owns 26,482 shares of the company’s stock, valued at $5,038,465.32. This represents a 28.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark Daniel Mouadeb sold 1,994 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $162.37, for a total value of $323,765.78. Following the completion of the sale, the insider now directly owns 19,776 shares of the company’s stock, valued at approximately $3,211,029.12. This trade represents a 9.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,256 shares of company stock valued at $2,462,487 in the last three months. 1.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on COF shares. The Goldman Sachs Group lifted their price target on Capital One Financial from $182.00 to $205.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Royal Bank of Canada lifted their price target on Capital One Financial from $150.00 to $160.00 and gave the stock a “sector perform” rating in a research note on Friday, October 25th. Barclays upgraded Capital One Financial from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $158.00 to $219.00 in a research report on Monday, January 6th. Truist Financial started coverage on Capital One Financial in a research report on Tuesday, January 7th. They set a “buy” rating and a $229.00 price objective on the stock. Finally, Keefe, Bruyette & Woods lifted their price objective on Capital One Financial from $185.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Capital One Financial currently has an average rating of “Hold” and a consensus price target of $188.06.

View Our Latest Report on COF

About Capital One Financial

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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.

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Earnings History for Capital One Financial (NYSE:COF)

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