Citigroup Cuts Capital One Financial (NYSE:COF) Price Target to $295.00

Capital One Financial (NYSE:COF) had its price target lowered by Citigroup from $310.00 to $295.00 in a research report released on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the financial services provider’s stock.

Several other research analysts have also recently issued reports on the company. Truist Financial lowered their price objective on Capital One Financial from $275.00 to $255.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. UBS Group raised their target price on Capital One Financial from $270.00 to $275.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Rothschild & Co Redburn decreased their target price on Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. The Goldman Sachs Group lowered their price target on Capital One Financial from $300.00 to $260.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. Finally, Bank of America dropped their price target on shares of Capital One Financial from $234.00 to $231.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Twenty analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $259.14.

Capital One Financial Price Performance

Capital One Financial stock opened at $210.18 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39. The company has a fifty day simple moving average of $197.29 and a 200-day simple moving average of $198.95. The stock has a market cap of $128.94 billion, a P/E ratio of 13.01, a price-to-earnings-growth ratio of 0.77 and a beta of 1.02. Capital One Financial has a 12-month low of $174.24 and a 12-month high of $259.64.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, beating the consensus estimate of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The firm had revenue of $15.83 billion for the quarter, compared to analyst estimates of $15.76 billion. During the same quarter in the prior year, the company posted $5.48 earnings per share. Capital One Financial’s revenue for the quarter was up 26.9% compared to the same quarter last year. Equities analysts expect that Capital One Financial will post 20.19 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be given a dividend of $0.80 per share. The ex-dividend date is Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. Capital One Financial’s payout ratio is 19.80%.

Insider Activity

In other news, CAO Timothy P. Golden sold 3,487 shares of the business’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $211.00, for a total value of $735,757.00. Following the completion of the sale, the chief accounting officer directly owned 7,429 shares of the company’s stock, valued at approximately $1,567,519. The trade was a 31.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the company’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $208.00, for a total value of $728,000.00. Following the completion of the sale, the general counsel directly owned 90,194 shares of the company’s stock, valued at approximately $18,760,352. This trade represents a 3.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 10,487 shares of company stock valued at $2,107,512 over the last three months. Company insiders own 0.78% of the company’s stock.

Institutional Investors Weigh In On Capital One Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in COF. Vanguard Group Inc. increased its holdings in shares of Capital One Financial by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 56,897,238 shares of the financial services provider’s stock valued at $13,789,615,000 after acquiring an additional 360,071 shares during the period. Franklin Resources Inc. boosted its stake in Capital One Financial by 5.4% during the 4th quarter. Franklin Resources Inc. now owns 12,476,462 shares of the financial services provider’s stock worth $3,023,795,000 after purchasing an additional 638,158 shares during the period. Morgan Stanley grew its position in Capital One Financial by 3.9% during the 4th quarter. Morgan Stanley now owns 8,677,981 shares of the financial services provider’s stock worth $2,103,196,000 after purchasing an additional 323,350 shares during the last quarter. Norges Bank purchased a new position in Capital One Financial during the 4th quarter worth $2,089,803,000. Finally, Davis Selected Advisers increased its stake in Capital One Financial by 2.8% in the fourth quarter. Davis Selected Advisers now owns 8,614,766 shares of the financial services provider’s stock valued at $2,087,878,000 after purchasing an additional 234,649 shares during the period. Hedge funds and other institutional investors 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.