Capital One Financial Corporation (NYSE:COF) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Capital One Financial Corporation (NYSE:COF) have received a consensus recommendation of “Moderate Buy” from the twenty-four ratings firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and twenty-one have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $258.91.

Several equities analysts have commented on the stock. 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. HSBC upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and upped their target price for the company from $226.00 to $229.00 in a report on Sunday, July 12th. Wolfe Research increased their target price on shares of Capital One Financial from $255.00 to $275.00 and gave the company an “outperform” rating in a research report on Tuesday, August 25th. BTIG Research lifted their price target on shares of Capital One Financial from $224.00 to $259.00 and gave the stock a “buy” rating in a research note on Tuesday, June 30th. Finally, Weiss Ratings upgraded shares of Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th.

Insider Buying and Selling at Capital One Financial

In related news, General Counsel Matthew W. Cooper sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $214.10, for a total transaction of $749,350.00. Following the transaction, the general counsel owned 83,194 shares in the company, valued at $17,811,835.40. This trade represents a 4.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Zamsky sold 5,473 shares of Capital One Financial stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $218.02, for a total value of $1,193,223.46. Following the transaction, the insider directly owned 27,992 shares in the company, valued at approximately $6,102,815.84. This trade represents a 16.35% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 33,850 shares of company stock valued at $7,208,382. 0.78% of the stock is owned by insiders.

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. State Street Corp grew its position in shares of Capital One Financial by 107.9% during the second quarter. State Street Corp now owns 57,278,732 shares of the financial services provider’s stock worth $11,491,259,000 after acquiring an additional 29,724,829 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Capital One Financial by 0.5% in the 2nd quarter. BlackRock Inc. now owns 51,054,869 shares of the financial services provider’s stock valued at $10,242,628,000 after acquiring an additional 236,643 shares during the period. Franklin Resources Inc. raised its position in Capital One Financial by 5.4% in the 4th quarter. Franklin Resources Inc. now owns 12,476,462 shares of the financial services provider’s stock valued at $3,023,795,000 after purchasing an additional 638,158 shares during the last quarter. Norges Bank purchased a new stake in Capital One Financial in the 4th quarter valued at $2,089,803,000. Finally, Bank of America Corp DE acquired a new stake in Capital One Financial during the 2nd quarter worth $1,435,311,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Trading Up 0.1%

NYSE:COF opened at $196.23 on Friday. Capital One Financial has a 1 year low of $174.24 and a 1 year high of $259.64. The stock has a market cap of $120.38 billion, a P/E ratio of 12.14, a P/E/G ratio of 0.74 and a beta of 1.02. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a 50-day simple moving average of $212.41 and a 200-day simple moving average of $198.61.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, topping the consensus estimate of $4.79 by $1.02. The business had revenue of $15.83 billion for the quarter, compared to analyst estimates of $15.76 billion. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The business’s quarterly revenue was up 26.9% on a year-over-year basis. During the same quarter last year, the company earned $5.48 EPS. As a group, analysts anticipate that Capital One Financial will post 20.3 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were issued a dividend of $0.80 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $3.20 annualized dividend and a dividend yield of 1.6%. Capital One Financial’s dividend payout ratio (DPR) is presently 19.80%.

Capital One Financial Company Profile

Capital One Financial Corporation (NYSE: COF) is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company initially built its business as a credit card issuer and has since expanded into consumer banking, commercial banking and payments.

Capital One offers a range of credit card products for consumers and businesses, along with deposit accounts, savings products, auto loans and other consumer lending services. Through its commercial banking operations, the company provides financing, treasury management and related services to commercial real estate clients, middle-market companies and other businesses.

Capital One primarily serves customers in the United States, with additional operations and financial services activities in Canada and the United Kingdom.