Capital One Financial Corp. (NYSE:COF) announced a quarterly dividend on Thursday, May 4th. Investors of record on Monday, May 15th will be paid a dividend of 0.40 per share by the financial services provider on Thursday, May 25th. This represents a $1.60 annualized dividend and a yield of 1.99%. The ex-dividend date is Thursday, May 11th.
Capital One Financial Corp. has raised its dividend payment by an average of 19.0% per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Capital One Financial Corp. has a payout ratio of 20.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Capital One Financial Corp. to earn $8.64 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 18.5%.
Shares of Capital One Financial Corp. (NYSE:COF) traded up 1.26% during mid-day trading on Friday, reaching $80.27. 2,796,292 shares of the company traded hands. Capital One Financial Corp. has a 52-week low of $58.03 and a 52-week high of $96.92. The company’s 50 day moving average is $82.43 and its 200 day moving average is $85.95. The stock has a market capitalization of $38.71 billion, a price-to-earnings ratio of 12.18 and a beta of 1.24.
Capital One Financial Corp. (NYSE:COF) last announced its quarterly earnings results on Tuesday, April 25th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.93 by $0.18. Capital One Financial Corp. had a return on equity of 8.06% and a net margin of 13.63%. The business had revenue of $6.54 billion for the quarter, compared to analyst estimates of $6.63 billion. During the same quarter last year, the firm posted $1.84 EPS. The company’s revenue was down .5% compared to the same quarter last year. On average, equities analysts forecast that Capital One Financial Corp. will post $7.52 earnings per share for the current year.
In other Capital One Financial Corp. news, insider John G. Finneran, Jr. sold 9,429 shares of the business’s stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $93.49, for a total value of $881,517.21. Following the transaction, the insider now owns 131,958 shares in the company, valued at $12,336,753.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Slocum sold 6,276 shares of the business’s stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $82.16, for a total value of $515,636.16. Following the completion of the transaction, the insider now owns 61,905 shares in the company, valued at approximately $5,086,114.80. The disclosure for this sale can be found here. Insiders sold 85,239 shares of company stock worth $7,787,542 in the last 90 days. Corporate insiders own 1.94% of the company’s stock.
A number of research analysts have issued reports on the company. Goldman Sachs Group Inc upgraded Capital One Financial Corp. from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $106.00 to $110.00 in a research report on Friday, February 17th. Wedbush reissued a “neutral” rating and issued a $90.00 price objective on shares of Capital One Financial Corp. in a research note on Saturday, January 28th. Guggenheim reissued a “neutral” rating on shares of Capital One Financial Corp. in a research note on Saturday, January 28th. Evercore ISI reissued a “hold” rating and issued a $88.00 price objective on shares of Capital One Financial Corp. in a research note on Saturday, January 28th. Finally, Oppenheimer Holdings Inc. set a $84.00 price objective on Capital One Financial Corp. and gave the stock a “sell” rating in a research note on Tuesday, January 24th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Capital One Financial Corp. presently has an average rating of “Hold” and a consensus price target of $91.21.
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Capital One Financial Corp. Company Profile
Capital One Financial Corporation is a diversified financial services holding company. The Company, along with its subsidiaries, offers a range of financial products and services to consumers, small businesses and commercial clients through branches, the Internet and other distribution channels. The Company’s segments include Credit Card, Consumer Banking, Commercial Banking and Other.
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