Capital One Financial (NYSE:COF) Price Target Raised to $234.00

Capital One Financial (NYSE:COF) had its price objective boosted by HSBC from $218.00 to $234.00 in a report issued on Thursday morning,MarketScreener reports. HSBC currently has a hold rating on the financial services provider’s stock.

COF has been the subject of a number of other reports. Keefe, Bruyette & Woods lifted their price objective on Capital One Financial from $248.00 to $260.00 and gave the company an “outperform” rating in a research note on Wednesday, July 23rd. Robert W. Baird raised their price target on shares of Capital One Financial from $245.00 to $270.00 and gave the company an “outperform” rating in a research report on Wednesday. Rothschild & Co Redburn assumed coverage on shares of Capital One Financial in a research report on Friday, August 1st. They issued a “buy” rating and a $290.00 price target for the company. BTIG Research reissued a “buy” rating and issued a $264.00 price target on shares of Capital One Financial in a research report on Wednesday. Finally, Royal Bank Of Canada raised their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 23rd. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $260.79.

Capital One Financial Trading Up 2.2%

Shares of NYSE COF opened at $224.93 on Thursday. Capital One Financial has a twelve month low of $143.22 and a twelve month high of $232.45. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.45. The stock has a fifty day simple moving average of $219.38 and a 200-day simple moving average of $205.63. The stock has a market capitalization of $143.85 billion, a PE ratio of 94.91, a PEG ratio of 0.78 and a beta of 1.18.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $5.95 earnings per share for the quarter, beating analysts’ consensus estimates of $4.25 by $1.70. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.The business had revenue of $15.36 billion during the quarter, compared to analysts’ expectations of $15.06 billion. During the same period in the previous year, the firm posted $4.51 earnings per share. The company’s revenue was up 53.4% on a year-over-year basis. On average, equities analysts forecast that Capital One Financial will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial’s dividend payout ratio (DPR) is presently 101.27%.

Insider Activity

In other news, insider Michael Zamsky sold 5,515 shares of the firm’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $209.59, for a total value of $1,155,888.85. Following the sale, the insider directly owned 27,364 shares in the company, valued at approximately $5,735,220.76. This trade represents a 16.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total transaction of $423,980.00. Following the sale, the general counsel owned 98,486 shares in the company, valued at $20,878,047.14. This represents a 1.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,184 shares of company stock worth $2,799,248. 1.26% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Capital One Financial

Several hedge funds and other institutional investors have recently bought and sold shares of COF. Brighton Jones LLC raised its stake in Capital One Financial by 330.1% during the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock worth $2,423,000 after acquiring an additional 10,428 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Capital One Financial by 18.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 31,129 shares of the financial services provider’s stock worth $5,582,000 after acquiring an additional 4,899 shares in the last quarter. PFG Investments LLC raised its stake in Capital One Financial by 18.1% during the 1st quarter. PFG Investments LLC now owns 1,644 shares of the financial services provider’s stock worth $295,000 after acquiring an additional 252 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Capital One Financial by 16.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 32,884 shares of the financial services provider’s stock worth $5,896,000 after acquiring an additional 4,577 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its stake in Capital One Financial by 4.8% in the first quarter. Oppenheimer & Co. Inc. now owns 22,532 shares of the financial services provider’s stock valued at $4,040,000 after purchasing an additional 1,025 shares during the period. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Company Profile

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.