Capital One Financial (NYSE:COF) Sees Unusually-High Trading Volume – Still a Buy?

Capital One Financial Co. (NYSE:COF) saw an uptick in trading volume on Thursday . 10,473,121 shares traded hands during trading, an increase of 263% from the previous session’s volume of 2,887,969 shares.The stock last traded at $166.31 and had previously closed at $182.18.

Analysts Set New Price Targets

A number of research analysts have recently commented 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 stock a “neutral” rating in a research report on Monday, December 9th. UBS Group raised shares of Capital One Financial from a “neutral” rating to a “buy” rating and upped their price objective for the company from $168.00 to $235.00 in a research report on Monday, January 13th. Evercore ISI upgraded Capital One Financial from an “in-line” rating to an “outperform” rating and set a $200.00 target price for the company in a research note on Wednesday, March 12th. HSBC upgraded Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price target on the stock in a research note on Tuesday, January 14th. Finally, Barclays raised their price objective on Capital One Financial from $219.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Capital One Financial has an average rating of “Moderate Buy” and a consensus target price of $206.63.

Capital One Financial Price Performance

The firm has a market capitalization of $62.58 billion, a price-to-earnings ratio of 14.16, a price-to-earnings-growth ratio of 1.19 and a beta of 1.24. The company’s fifty day moving average price is $189.78 and its 200 day moving average price is $178.52. 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 posted its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, beating the consensus estimate of $2.78 by $0.31. The company had revenue of $10.19 billion during the quarter, compared to analyst estimates of $10.22 billion. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.81 earnings per share. Equities research analysts expect that Capital One Financial Co. will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date was Tuesday, February 18th. Capital One Financial’s payout ratio is 20.71%.

Hedge Funds Weigh In On Capital One Financial

Several institutional investors have recently modified their holdings of the company. Bfsg LLC acquired a new position in Capital One Financial during the 4th quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC bought a new position in Capital One Financial in the 4th quarter worth approximately $27,000. TruNorth Capital Management LLC bought a new position in Capital One Financial in the 4th quarter worth approximately $29,000. Decker Retirement Planning Inc. acquired a new stake in Capital One Financial in the 4th quarter valued at approximately $32,000. Finally, SBI Securities Co. Ltd. bought a new stake in Capital One Financial during the 4th quarter valued at $32,000. 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.