Capital One Financial (NYSE:COF) Stock Price Up 2.9% – Time to Buy?

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

Analysts Set New Price Targets

COF has been the topic of a number of research reports. UBS Group raised 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. Keefe, Bruyette & Woods increased their target price on Capital One Financial from $185.00 to $232.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Robert W. Baird upgraded shares of Capital One Financial from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $190.00 to $200.00 in a research note on Tuesday, March 11th. Evercore ISI raised shares of Capital One Financial from an “in-line” rating to an “outperform” rating and set a $200.00 price objective on the stock in a research note on Wednesday, March 12th. Finally, Royal Bank of Canada boosted their target price on shares of Capital One Financial from $190.00 to $200.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 22nd. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Capital One Financial has a consensus rating of “Moderate Buy” and a consensus price target of $206.63.

Capital One Financial Trading Up 1.9 %

The firm has a 50-day moving average price of $190.16 and a 200-day moving average price of $178.50. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $69.24 billion, a PE ratio of 15.67, a price-to-earnings-growth ratio of 1.19 and a beta of 1.47.

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 net margin of 9.46% and a return on equity of 9.45%. The business had revenue of $10.19 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter last year, the company posted $2.81 earnings per share. The firm’s quarterly 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a $0.60 dividend. 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

Large investors have recently bought and sold shares of the company. Norges Bank bought a new position in shares of Capital One Financial during the 4th quarter worth $590,279,000. Lone Pine Capital LLC bought a new position in Capital One Financial during the fourth quarter worth about $577,012,000. Egerton Capital UK LLP purchased a new position in shares of Capital One Financial in the fourth quarter worth about $279,159,000. FMR LLC raised its position in shares of Capital One Financial by 21.6% in the fourth quarter. FMR LLC now owns 8,077,886 shares of the financial services provider’s stock valued at $1,440,449,000 after purchasing an additional 1,436,935 shares during the period. Finally, Meritage Group LP purchased a new stake in shares of Capital One Financial during the 4th quarter valued at approximately $227,662,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

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.