Capital One Financial (NYSE:COF) Posts Earnings Results, Beats Expectations By $0.31 EPS

Capital One Financial Co. (NYSE:COF) released its quarterly earnings data on Tuesday. The financial services provider reported $3.09 earnings per share for the quarter, beating analysts’ consensus estimates of $2.78 by $0.31, Zacks reports. The firm had revenue of $10.19 billion during the quarter, compared to analyst estimates of $10,220,675.12 billion. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.81 earnings per share.

Capital One Financial Trading Up 1.3 %

Capital One Financial stock traded up $2.45 during mid-day trading on Tuesday, hitting $193.42. The company’s stock had a trading volume of 4,200,071 shares, compared to its average volume of 3,185,141. Capital One Financial Co. has a one year low of $128.23 and a one year high of $198.30. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.00 and a current ratio of 1.00. The company has a 50 day moving average of $183.84 and a 200-day moving average of $160.98. The stock has a market cap of $73.74 billion, a PE ratio of 18.26, a P/E/G ratio of 1.23 and a beta of 1.46.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.24%. The ex-dividend date was Thursday, November 14th. Capital One Financial’s dividend payout ratio (DPR) is presently 22.66%.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Mark Daniel Mouadeb sold 1,994 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $162.37, for a total value of $323,765.78. Following the completion of the sale, the insider now directly owns 19,776 shares in the company, valued at approximately $3,211,029.12. This trade represents a 9.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michael Zamsky sold 10,541 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total value of $2,005,530.66. Following the completion of the sale, the insider now owns 26,482 shares of the company’s stock, valued at approximately $5,038,465.32. This trade represents a 28.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,256 shares of company stock valued at $2,462,487. 1.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on COF shares. HSBC upgraded Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price objective for the company in a report on Tuesday, January 14th. Royal Bank of Canada raised their price target on Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a report on Friday, October 25th. Robert W. Baird raised their price target on Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Wells Fargo & Company raised their price target on Capital One Financial from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, January 3rd. Finally, Hsbc Global Res upgraded Capital One Financial from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 14th. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Capital One Financial has a consensus rating of “Hold” and an average target price of $188.06.

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.