Capital One Financial (NYSE:COF) Releases Earnings Results, Beats Expectations By $1.70 EPS

Capital One Financial Corporation (NYSE:COF) posted its earnings results on Tuesday. The financial services provider reported $5.95 earnings per share for the quarter, topping analysts’ consensus estimates of $4.25 by $1.70, Zacks reports. The firm had revenue of $15.36 billion for the quarter, compared to analyst estimates of $15.06 billion. The firm’s quarterly revenue was up 53.4% compared to the same quarter last year. During the same period in the prior year, the business posted $4.51 EPS.

Capital One Financial Trading Up 1.1%

Shares of COF stock opened at $217.31 on Wednesday. The stock’s fifty day moving average price is $219.16 and its two-hundred day moving average price is $204.19. The company has a market cap of $138.97 billion, a PE ratio of 111.44, a P/E/G ratio of 0.77 and a beta of 1.18. Capital One Financial Corporation has a fifty-two week low of $143.22 and a fifty-two week high of $232.45. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were paid a dividend of $0.60 per share. The ex-dividend date was Friday, August 15th. This represents a $2.40 annualized dividend and a yield of 1.1%. Capital One Financial’s dividend payout ratio is presently 123.08%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on COF. Robert W. Baird raised their price target on shares of Capital One Financial from $240.00 to $245.00 and gave the stock an “outperform” rating in a research report on Thursday, October 2nd. Truist Financial increased their target price on shares of Capital One Financial from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Capital One Financial from $215.00 to $224.00 and gave the company a “hold” rating in a research report on Thursday, October 2nd. Barclays increased their price target on Capital One Financial from $253.00 to $257.00 and gave the stock an “overweight” rating in a research report on Monday, October 6th. Finally, Evercore ISI lifted their price objective on Capital One Financial from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Tuesday, September 30th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $252.78.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 5,515 shares of the business’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the completion of the transaction, the insider owned 27,364 shares of the company’s stock, valued at approximately $5,735,220.76. The trade was a 16.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Timothy P. Golden sold 3,462 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total transaction of $727,989.36. Following the completion of the transaction, the chief accounting officer directly owned 8,987 shares of the company’s stock, valued at $1,889,786.36. This trade represents a 27.81% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,184 shares of company stock valued at $2,799,248. Corporate insiders own 1.26% of the company’s stock.

Hedge Funds Weigh In On Capital One Financial

A number of institutional investors have recently added to or reduced their stakes in the stock. WFA of San Diego LLC bought a new position in Capital One Financial in the 2nd quarter valued at approximately $32,000. Riggs Asset Managment Co. Inc. increased its holdings in shares of Capital One Financial by 10,550.0% during the second quarter. Riggs Asset Managment Co. Inc. now owns 213 shares of the financial services provider’s stock worth $45,000 after buying an additional 211 shares in the last quarter. Semmax Financial Advisors Inc. lifted its stake in shares of Capital One Financial by 19,850.0% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 399 shares of the financial services provider’s stock valued at $83,000 after acquiring an additional 397 shares during the last quarter. McIlrath & Eck LLC boosted its holdings in shares of Capital One Financial by 220.9% during the 2nd quarter. McIlrath & Eck LLC now owns 889 shares of the financial services provider’s stock valued at $189,000 after acquiring an additional 612 shares in the last quarter. Finally, Vista Capital Partners Inc. acquired a new stake in shares of Capital One Financial during the 2nd quarter valued at $205,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

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.