Capital One Financial (NYSE:COF) Stock Price Down 6.8% – What’s Next?

Capital One Financial Co. (NYSE:COF) shares dropped 6.8% during mid-day trading on Tuesday . The company traded as low as $180.93 and last traded at $182.91. Approximately 2,846,920 shares traded hands during trading, a decline of 17% from the average daily volume of 3,418,926 shares. The stock had previously closed at $196.18.

Wall Street Analyst Weigh In

COF has been the topic of several recent research reports. Truist Financial upped their price target on shares of Capital One Financial from $229.00 to $257.00 and gave the company a “buy” rating in a report on Monday, January 27th. Barclays upped their target price 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. UBS Group raised Capital One Financial from a “neutral” rating to a “buy” rating and raised their price target for the stock from $168.00 to $235.00 in a research report on Monday, January 13th. JPMorgan Chase & Co. boosted their price target on Capital One Financial from $162.00 to $186.00 and gave the stock a “neutral” rating in a report on Monday, December 9th. Finally, Bank of America raised Capital One Financial from a “neutral” rating to a “buy” rating and increased their price objective for the company from $207.00 to $235.00 in a research note on Wednesday, February 19th. Seven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Capital One Financial presently has an average rating of “Moderate Buy” and an average price target of $202.27.

Capital One Financial Trading Down 5.8 %

The firm has a market cap of $70.48 billion, a price-to-earnings ratio of 15.95, a price-to-earnings-growth ratio of 1.19 and a beta of 1.47. The business’s 50 day moving average price is $193.64 and its 200-day moving average price is $173.65. 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 released its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.31. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The company had revenue of $10.19 billion for the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter last year, the business posted $2.81 EPS. Capital One Financial’s quarterly revenue was up 7.2% compared to the same quarter last year. Equities analysts expect that Capital One Financial Co. will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.60 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.40 annualized dividend and a yield of 1.30%. Capital One Financial’s payout ratio is 20.71%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Bfsg LLC acquired a new position in Capital One Financial during the 4th quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Capital One Financial during the fourth quarter valued at approximately $27,000. TruNorth Capital Management LLC acquired a new position in shares of Capital One Financial during the fourth quarter worth approximately $29,000. SBI Securities Co. Ltd. bought a new position in Capital One Financial in the 4th quarter worth approximately $32,000. Finally, Decker Retirement Planning Inc. acquired a new stake in Capital One Financial in the 4th quarter valued at approximately $32,000. 89.84% of the stock is currently owned by institutional investors.

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.