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

Capital One Financial Co. (NYSE:COF) announced a quarterly dividend on Friday, February 7th,RTT News reports. Stockholders of record on Tuesday, February 18th will be paid a dividend of 0.60 per share by the financial services provider on Monday, March 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.18%.

Capital One Financial has raised its dividend payment by an average of 6.3% per year over the last three years. Capital One Financial has a payout ratio of 13.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Capital One Financial to earn $18.40 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 13.0%.

Capital One Financial Stock Performance

Shares of COF opened at $203.13 on Friday. The company has a 50-day simple moving average of $188.30 and a two-hundred day simple moving average of $166.58. 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 has a market capitalization of $77.44 billion, a PE ratio of 17.53, a price-to-earnings-growth ratio of 1.26 and a beta of 1.47. Capital One Financial has a one year low of $128.23 and a one year high of $208.63.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.78 by $0.31. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The business had revenue of $10.19 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter in the prior year, the company earned $2.81 earnings per share. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, analysts anticipate that Capital One Financial will post 15.41 EPS for the current fiscal year.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 10,541 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the completion of the sale, the insider now directly owns 26,482 shares in the company, valued at $5,038,465.32. The trade was a 28.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

COF has been the topic of a number of recent research reports. The Goldman Sachs Group upped their price objective on shares of Capital One Financial from $182.00 to $205.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. HSBC raised Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price objective for the company in a research report on Tuesday, January 14th. Royal Bank of Canada boosted their target price on Capital One Financial from $190.00 to $200.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 22nd. Hsbc Global Res upgraded Capital One Financial from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, UBS Group upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and upped their price target for the stock from $168.00 to $235.00 in a research note on Monday, January 13th. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $196.31.

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.