Capital One Financial Co. (COF) to Issue Quarterly Dividend of $0.60 on June 5th

Capital One Financial Co. (NYSE:COF) announced a quarterly dividend on Thursday, May 8th, RTT News reports. Investors of record on Friday, May 23rd will be paid a dividend of 0.60 per share by the financial services provider on Thursday, June 5th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Friday, May 23rd.

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 13.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Capital One Financial to earn $18.17 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 13.2%.

Capital One Financial Stock Performance

Capital One Financial stock opened at $195.90 on Wednesday. Capital One Financial has a fifty-two week low of $128.23 and a fifty-two week high of $210.67. The firm’s fifty day moving average price is $176.82 and its 200-day moving average price is $184.25. The stock has a market cap of $75.06 billion, a P/E ratio of 16.90, a price-to-earnings-growth ratio of 1.19 and a beta of 1.13. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share for the quarter, beating analysts’ consensus estimates of $3.75 by $0.31. The company had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.07 billion. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. On average, equities research analysts expect that Capital One Financial will post 15.65 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Capital One Financial news, insider Michael Zamsky sold 9,560 shares of Capital One Financial stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $199.40, for a total value of $1,906,264.00. Following the completion of the transaction, the insider now directly owns 20,089 shares of the company’s stock, valued at approximately $4,005,746.60. The trade was a 32.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ann F. Hackett sold 1,658 shares of Capital One Financial stock in a transaction on Monday, May 12th. The stock was sold at an average price of $198.70, for a total value of $329,444.60. Following the completion of the sale, the director now directly owns 56,244 shares of the company’s stock, valued at approximately $11,175,682.80. The trade was a 2.86% decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.

Institutional Investors Weigh In On Capital One Financial

A hedge fund recently raised its stake in Capital One Financial stock. Brighton Jones LLC increased its position in Capital One Financial Co. (NYSE:COF) by 330.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,587 shares of the financial services provider’s stock after acquiring an additional 10,428 shares during the period. Brighton Jones LLC’s holdings in Capital One Financial were worth $2,423,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on COF. Argus raised shares of Capital One Financial to a “strong-buy” rating in a research note on Thursday, January 23rd. Barclays lifted their price objective on Capital One Financial from $219.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Baird R W upgraded Capital One Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 11th. Robert W. Baird raised Capital One Financial from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $190.00 to $200.00 in a research note on Tuesday, March 11th. Finally, Royal Bank of Canada set a $190.00 target price on shares of Capital One Financial and gave the stock a “sector perform” rating in a report on Monday, April 14th. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $207.73.

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.