Capital One Financial (NYSE:COF) Announces Earnings Results

Capital One Financial Corporation (NYSE:COF) announced its quarterly earnings results on Tuesday. The financial services provider reported $5.81 EPS for the quarter, topping the consensus estimate of $4.69 by $1.12, FiscalAI reports. Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. The business had revenue of $15.83 billion for the quarter, compared to analysts’ expectations of $15.77 billion.

Capital One Financial Trading Down 0.2%

NYSE COF traded down $0.44 during trading hours on Tuesday, hitting $206.33. 3,755,458 shares of the company were exchanged, compared to its average volume of 5,102,650. Capital One Financial Corporation has a 52 week low of $174.24 and a 52 week high of $259.64. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.46. The stock has a 50-day moving average price of $193.93 and a 200 day moving average price of $201.42. The stock has a market cap of $128.40 billion, a PE ratio of 72.40, a price-to-earnings-growth ratio of 0.75 and a beta of 1.02.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, May 19th. Capital One Financial’s payout ratio is presently 112.28%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on COF shares. UBS Group raised their price objective on Capital One Financial from $270.00 to $275.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Wells Fargo & Company decreased their target price on Capital One Financial from $280.00 to $260.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. BTIG Research raised their price target on Capital One Financial from $224.00 to $259.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. The Goldman Sachs Group reduced their price objective on Capital One Financial from $300.00 to $260.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. Finally, Bank of America decreased their price objective on Capital One Financial from $234.00 to $231.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Twenty investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $259.91.

Insider Activity at Capital One Financial

In other news, General Counsel Matthew W. Cooper sold 3,500 shares of Capital One Financial stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $208.00, for a total value of $728,000.00. Following the completion of the transaction, the general counsel owned 90,194 shares in the company, valued at approximately $18,760,352. The trade was a 3.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,749 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $192.58, for a total value of $336,822.42. Following the transaction, the insider directly owned 61,579 shares in the company, valued at approximately $11,858,883.82. This represents a 2.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 8,749 shares of company stock valued at $1,708,577 over the last ninety days. Corporate insiders own 0.78% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Strive Asset Management LLC purchased a new position in shares of Capital One Financial during the 3rd quarter worth about $28,000. Osterweis Capital Management Inc. purchased a new stake in Capital One Financial in the 4th quarter worth about $29,000. CrossGen Wealth LLC bought a new stake in Capital One Financial in the fourth quarter worth about $30,000. WFA of San Diego LLC bought a new stake in Capital One Financial in the second quarter worth about $32,000. Finally, Strive Financial Group LLC purchased a new position in shares of Capital One Financial during the fourth quarter valued at approximately $33,000. Institutional investors own 89.84% of the company’s stock.

About Capital One Financial

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.