Capital One Financial (NYSE:COF) Rating Increased to Strong-Buy at Piper Sandler

Piper Sandler upgraded shares of Capital One Financial (NYSE:COF) to a strong-buy rating in a research note released on Monday morning,Zacks.com reports.

COF has been the topic of several other research reports. Truist Financial lowered their target price on shares of Capital One Financial from $275.00 to $255.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Argus cut their target price on shares of Capital One Financial from $260.00 to $250.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Morgan Stanley reduced their price target on shares of Capital One Financial from $300.00 to $273.00 and set an “overweight” rating on the stock in a report on Thursday, April 16th. Jefferies Financial Group reiterated a “buy” rating and issued a $300.00 price target on shares of Capital One Financial in a research note on Monday, March 16th. Finally, Evercore dropped their price objective on shares of Capital One Financial from $265.00 to $222.00 and set an “outperform” rating for the company in a report on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $260.19.

Capital One Financial Price Performance

Shares of Capital One Financial stock opened at $200.34 on Monday. The stock’s 50-day simple moving average is $190.99 and its 200-day simple moving average is $205.31. Capital One Financial has a 52 week low of $174.24 and a 52 week high of $259.64. The company has a market capitalization of $124.67 billion, a price-to-earnings ratio of 70.29, a PEG ratio of 0.73 and a beta of 1.03. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.46.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $4.42 EPS for the quarter, missing analysts’ consensus estimates of $5.08 by ($0.66). Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.The business had revenue of $15.23 billion during the quarter, compared to analysts’ expectations of $15.68 billion. During the same period in the prior year, the firm posted $4.06 earnings per share. The firm’s revenue for the quarter was up 52.3% on a year-over-year basis. As a group, analysts expect that Capital One Financial will post 19.51 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th were given a dividend of $0.80 per share. The ex-dividend date was Tuesday, May 19th. This represents a $3.20 annualized dividend and a yield of 1.6%. Capital One Financial’s dividend payout ratio (DPR) is 112.28%.

Insiders Place Their Bets

In other news, insider Celia Karam sold 1,749 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $192.58, for a total transaction of $336,822.42. Following the sale, the insider directly owned 61,579 shares in the company, valued at approximately $11,858,883.82. This represents a 2.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $183.93, for a total transaction of $643,755.00. Following the completion of the transaction, the general counsel directly owned 97,194 shares of the company’s stock, valued at approximately $17,876,892.42. The trade was a 3.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.78% of the company’s stock.

Institutional Investors Weigh In On Capital One Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in Capital One Financial in the fourth quarter worth $2,089,803,000. Capital International Investors increased its position in Capital One Financial by 107.9% during the third quarter. Capital International Investors now owns 4,040,408 shares of the financial services provider’s stock valued at $859,602,000 after acquiring an additional 2,097,208 shares during the last quarter. Viking Global Investors LP increased its position in Capital One Financial by 30.3% during the third quarter. Viking Global Investors LP now owns 7,388,506 shares of the financial services provider’s stock valued at $1,570,649,000 after acquiring an additional 1,717,148 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of Capital One Financial by 7,143.2% in the fourth quarter. Bessemer Group Inc. now owns 1,448,126 shares of the financial services provider’s stock valued at $350,966,000 after acquiring an additional 1,428,133 shares during the period. Finally, Franklin Resources Inc. raised its stake in shares of Capital One Financial by 12.8% in the third quarter. Franklin Resources Inc. now owns 11,838,304 shares of the financial services provider’s stock valued at $2,516,587,000 after acquiring an additional 1,339,215 shares during the period. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

About Capital One Financial

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.