Capital One Financial (NYSE:COF) Stock Price Up 2.9% – Here’s What Happened

Capital One Financial Co. (NYSE:COF)’s stock price shot up 2.9% on Monday . The stock traded as high as $178.26 and last traded at $178.60. 3,175,525 shares traded hands during mid-day trading, a decline of 20% from the average session volume of 3,955,137 shares. The stock had previously closed at $173.53.

Wall Street Analysts Forecast Growth

COF has been the subject of several research reports. HSBC upgraded shares of Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price objective for the company in a report on Tuesday, January 14th. Royal Bank of Canada raised their price objective on shares of Capital One Financial from $190.00 to $200.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 22nd. BTIG Research upgraded Capital One Financial from a “neutral” rating to a “buy” rating and set a $208.00 target price on the stock in a report on Tuesday, March 25th. Hsbc Global Res raised Capital One Financial from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, Citigroup dropped their price target on Capital One Financial from $245.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday, March 24th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $206.63.

Capital One Financial Price Performance

The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98. The business’s 50 day moving average price is $190.70 and its 200 day moving average price is $177.92. The stock has a market capitalization of $68.48 billion, a P/E ratio of 15.50, a price-to-earnings-growth ratio of 1.19 and a beta of 1.47.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.31. The business had revenue of $10.19 billion during the quarter, compared to the consensus estimate of $10.22 billion. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The firm’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.81 EPS. Sell-side analysts forecast that Capital One Financial Co. will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.60 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.34%. Capital One Financial’s dividend payout ratio is currently 20.71%.

Hedge Funds Weigh In On Capital One Financial

Several institutional investors have recently made changes to their positions in the business. Intech Investment Management LLC purchased a new position in shares of Capital One Financial during the 3rd quarter worth $248,000. Quantbot Technologies LP lifted its position in Capital One Financial by 286.7% during the third quarter. Quantbot Technologies LP now owns 6,380 shares of the financial services provider’s stock valued at $955,000 after purchasing an additional 4,730 shares in the last quarter. Townsquare Capital LLC grew its holdings in Capital One Financial by 13.8% during the third quarter. Townsquare Capital LLC now owns 16,704 shares of the financial services provider’s stock valued at $2,501,000 after purchasing an additional 2,032 shares during the period. CreativeOne Wealth LLC increased its position in Capital One Financial by 16.7% in the third quarter. CreativeOne Wealth LLC now owns 2,087 shares of the financial services provider’s stock worth $313,000 after buying an additional 298 shares in the last quarter. Finally, Captrust Financial Advisors raised its stake in shares of Capital One Financial by 7.7% in the third quarter. Captrust Financial Advisors now owns 43,250 shares of the financial services provider’s stock worth $6,476,000 after buying an additional 3,081 shares during the period. Institutional investors own 89.84% of the company’s stock.

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.