Capital One Financial (NYSE:COF) Reaches New 52-Week High – Should You Buy?

Capital One Financial Co. (NYSE:COF)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $209.34 and last traded at $209.23, with a volume of 2945460 shares traded. The stock had previously closed at $202.80.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on COF shares. JPMorgan Chase & Co. boosted their target price on shares of Capital One Financial from $162.00 to $186.00 and gave the company a “neutral” rating in a research note on Monday, December 9th. UBS Group raised shares of Capital One Financial from a “neutral” rating to a “buy” rating and boosted their target price for the company from $168.00 to $235.00 in a research note on Monday, January 13th. Robert W. Baird boosted their target price on shares of Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Keefe, Bruyette & Woods boosted their target price on shares of Capital One Financial from $185.00 to $232.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Finally, Argus raised shares of Capital One Financial to a “strong-buy” rating in a research note on Thursday, January 23rd. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $198.50.

Capital One Financial Stock Down 2.4 %

The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $76.39 billion, a PE ratio of 17.29, a PEG ratio of 1.21 and a beta of 1.47. The stock has a fifty day moving average price of $191.46 and a 200-day moving average price of $170.48.

Capital One Financial (NYSE:COF) last issued its earnings results 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. The business had revenue of $10.19 billion during the quarter, compared to analysts’ expectations of $10.22 billion. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.81 EPS. Research analysts expect that Capital One Financial Co. will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Tuesday, February 18th. Capital One Financial’s dividend payout ratio is presently 20.71%.

Hedge Funds Weigh In On Capital One Financial

A number of institutional investors and hedge funds have recently bought and sold shares of COF. Creative Planning boosted its holdings in Capital One Financial by 7.2% in the 3rd quarter. Creative Planning now owns 52,492 shares of the financial services provider’s stock worth $7,860,000 after acquiring an additional 3,507 shares during the period. Foundations Investment Advisors LLC boosted its holdings in Capital One Financial by 14.6% in the 3rd quarter. Foundations Investment Advisors LLC now owns 2,024 shares of the financial services provider’s stock worth $303,000 after acquiring an additional 258 shares during the period. Signaturefd LLC boosted its holdings in Capital One Financial by 1.6% in the 3rd quarter. Signaturefd LLC now owns 9,162 shares of the financial services provider’s stock worth $1,372,000 after acquiring an additional 140 shares during the period. Eastern Bank purchased a new position in shares of Capital One Financial during the 3rd quarter valued at approximately $44,000. Finally, Private Advisor Group LLC boosted its stake in shares of Capital One Financial by 10.4% during the 3rd quarter. Private Advisor Group LLC now owns 8,601 shares of the financial services provider’s stock valued at $1,288,000 after buying an additional 808 shares during the last quarter. Hedge funds and other 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.