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

Capital One Financial Co. (NYSE:COF) shot up 2.9% on Monday . The stock traded as high as $178.26 and last traded at $178.60. 3,175,525 shares were traded 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

A number of analysts recently issued reports on COF shares. Bank of America upgraded Capital One Financial from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $207.00 to $235.00 in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods upped their price target on Capital One Financial from $185.00 to $232.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Argus upgraded shares of Capital One Financial to a “strong-buy” rating in a research report on Thursday, January 23rd. Truist Financial dropped their price objective on Capital One Financial from $257.00 to $215.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Finally, Royal Bank of Canada upped their target price on Capital One Financial from $190.00 to $200.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 22nd. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $206.63.

Capital One Financial Price Performance

The stock has a market capitalization of $69.24 billion, a PE ratio of 15.67, a P/E/G ratio of 1.19 and a beta of 1.47. 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 firm’s 50 day simple moving average is $190.16 and its 200 day simple moving average is $178.50.

Capital One Financial (NYSE:COF) last issued 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. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The company had revenue of $10.19 billion for the quarter, compared to analysts’ expectations of $10.22 billion. During the same quarter last year, the company earned $2.81 EPS. The firm’s revenue was up 7.2% compared to the same quarter last year. As a group, equities analysts forecast that Capital One Financial Co. will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a dividend of $0.60 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.40 annualized dividend and a yield of 1.32%. Capital One Financial’s payout ratio is 20.71%.

Institutional Trading of Capital One Financial

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Norden Group LLC increased its stake in shares of Capital One Financial by 2.6% in the fourth quarter. Norden Group LLC now owns 2,010 shares of the financial services provider’s stock worth $358,000 after buying an additional 51 shares during the period. Catalyst Financial Partners LLC increased its position in shares of Capital One Financial by 3.9% in the fourth quarter. Catalyst Financial Partners LLC now owns 1,428 shares of the financial services provider’s stock valued at $255,000 after acquiring an additional 54 shares during the period. Quadrant Capital Group LLC raised its stake in shares of Capital One Financial by 1.0% during the fourth quarter. Quadrant Capital Group LLC now owns 5,247 shares of the financial services provider’s stock valued at $936,000 after acquiring an additional 54 shares during the last quarter. Gladstone Institutional Advisory LLC boosted its holdings in shares of Capital One Financial by 3.3% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 1,777 shares of the financial services provider’s stock worth $317,000 after purchasing an additional 56 shares during the period. Finally, TFB Advisors LLC grew its stake in shares of Capital One Financial by 4.1% in the fourth quarter. TFB Advisors LLC now owns 1,488 shares of the financial services provider’s stock worth $265,000 after purchasing an additional 59 shares during the last quarter. Institutional investors own 89.84% of the company’s stock.

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.