Capital One Financial (NYSE:COF) Given New $283.00 Price Target at UBS Group

Capital One Financial (NYSE:COF) had its price target cut by UBS Group from $286.00 to $283.00 in a research note issued to investors on Tuesday morning,MarketScreener reports. They currently have a buy rating on the financial services provider’s stock.

Several other research analysts also recently issued reports on COF. JPMorgan Chase & Co. lifted their price target on Capital One Financial from $237.00 to $256.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. Deutsche Bank Aktiengesellschaft cut their price target on Capital One Financial from $263.00 to $256.00 and set a “hold” rating for the company in a research note on Friday, January 23rd. Evercore cut their price target on Capital One Financial from $265.00 to $222.00 and set an “outperform” rating for the company in a research note on Monday. Barclays cut their price target on Capital One Financial from $287.00 to $226.00 and set an “overweight” rating for the company in a research note on Monday. Finally, Wall Street Zen downgraded Capital One Financial from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Capital One Financial currently has a consensus rating of “Moderate Buy” and an average target price of $268.10.

Capital One Financial Price Performance

Shares of NYSE COF traded up $9.84 during trading on Tuesday, hitting $190.99. 2,274,653 shares of the company were exchanged, compared to its average volume of 5,600,617. The company has a market cap of $118.78 billion, a price-to-earnings ratio of 64.60, a PEG ratio of 0.56 and a beta of 1.14. Capital One Financial has a 1 year low of $147.30 and a 1 year high of $259.64. The firm’s fifty day moving average price is $196.81 and its 200 day moving average price is $215.67. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.04 and a quick ratio of 1.04.

Capital One Financial (NYSE:COF) last issued its earnings results on Thursday, January 22nd. The financial services provider reported $3.86 EPS for the quarter, missing the consensus estimate of $4.14 by ($0.28). The company had revenue of $15.62 billion for the quarter, compared to analysts’ expectations of $15.49 billion. Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.Capital One Financial’s revenue for the quarter was up 53.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.67 earnings per share. On average, sell-side analysts expect that Capital One Financial will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 19th were paid a $0.80 dividend. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $3.20 annualized dividend and a yield of 1.7%. Capital One Financial’s payout ratio is presently 108.11%.

Insider Activity

In related news, insider Lia Dean sold 3,284 shares of the business’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $223.68, for a total value of $734,565.12. Following the completion of the transaction, the insider owned 70,162 shares of the company’s stock, valued at approximately $15,693,836.16. The trade was a 4.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Neal Blinde sold 38,135 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $190.51, for a total transaction of $7,265,098.85. Following the completion of the transaction, the insider directly owned 33,551 shares of the company’s stock, valued at $6,391,801.01. The trade was a 53.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 50,047 shares of company stock worth $9,742,217. Company insiders own 1.26% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Cortland Associates Inc. MO purchased a new stake in shares of Capital One Financial during the 3rd quarter worth about $14,391,000. CIBC Asset Management Inc grew its holdings in shares of Capital One Financial by 53.9% during the 2nd quarter. CIBC Asset Management Inc now owns 88,505 shares of the financial services provider’s stock worth $18,830,000 after purchasing an additional 30,991 shares during the period. Meridian Wealth Management LLC grew its holdings in shares of Capital One Financial by 334.8% during the 3rd quarter. Meridian Wealth Management LLC now owns 9,404 shares of the financial services provider’s stock worth $1,999,000 after purchasing an additional 7,241 shares during the period. Montecito Bank & Trust purchased a new stake in shares of Capital One Financial during the 3rd quarter worth about $647,000. Finally, National Pension Service grew its holdings in shares of Capital One Financial by 4.0% during the 3rd quarter. National Pension Service now owns 1,552,736 shares of the financial services provider’s stock worth $330,081,000 after purchasing an additional 59,100 shares during the period. Institutional investors and hedge funds own 89.84% of the company’s stock.

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.