Capital One Financial Corporation (NYSE:COF) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Capital One Financial Corporation (NYSE:COF) has been given a consensus rating of “Moderate Buy” by the twenty-four analysts that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and twenty have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $256.32.

Several research firms recently commented on COF. TD Cowen boosted their target price on Capital One Financial from $242.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 21st. HSBC raised Capital One Financial from a “hold” rating to a “buy” rating and increased their price target for the company from $226.00 to $229.00 in a research report on Sunday, July 12th. Deutsche Bank Aktiengesellschaft set a $245.00 price objective on Capital One Financial in a research note on Thursday, August 20th. Weiss Ratings raised Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 21st. Finally, Barclays upped their target price on shares of Capital One Financial from $237.00 to $238.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 21st.

Capital One Financial Stock Performance

NYSE:COF opened at $202.34 on Tuesday. The company has a fifty day simple moving average of $206.25 and a two-hundred day simple moving average of $202.74. The company has a market cap of $124.13 billion, a price-to-earnings ratio of 11.94, a price-to-earnings-growth ratio of 0.93 and a beta of 1.04. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.45. Capital One Financial has a 52 week low of $174.24 and a 52 week high of $259.64.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $6.69 earnings per share for the quarter, topping analysts’ consensus estimates of $5.53 by $1.16. The business had revenue of $16.31 billion for the quarter, compared to analyst estimates of $16.25 billion. Capital One Financial had a return on equity of 11.64% and a net margin of 13.70%. The company’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.95 earnings per share. As a group, equities analysts anticipate that Capital One Financial will post 21.28 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were paid a $0.80 dividend. The ex-dividend date was Monday, August 17th. This represents a $3.20 dividend on an annualized basis and a yield of 1.6%. Capital One Financial’s payout ratio is currently 18.89%.

Insider Activity at Capital One Financial

In other news, CAO Timothy Golden sold 3,487 shares of the firm’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $211.00, for a total value of $735,757.00. Following the sale, the chief accounting officer directly owned 7,429 shares in the company, valued at approximately $1,567,519. This trade represents a 31.94% 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, insider Michael Zamsky sold 5,473 shares of Capital One Financial stock in a transaction on Monday, August 10th. The stock was sold at an average price of $218.02, for a total transaction of $1,193,223.46. Following the sale, the insider directly owned 27,992 shares of the company’s stock, valued at approximately $6,102,815.84. This trade represents a 16.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 37,664 shares of company stock worth $7,914,162 over the last ninety days. 0.78% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Capital One Financial

Several large investors have recently bought and sold shares of the business. State Street Corp lifted its holdings in Capital One Financial by 107.9% during the 2nd quarter. State Street Corp now owns 57,278,732 shares of the financial services provider’s stock worth $11,491,259,000 after buying an additional 29,724,829 shares during the last quarter. Bank of America Corp DE acquired a new stake in shares of Capital One Financial during the 2nd quarter worth about $1,435,311,000. Legal & General Group Plc purchased a new stake in Capital One Financial during the second quarter worth approximately $680,983,000. Berkshire Hathaway Inc purchased a new stake in Capital One Financial during the second quarter worth approximately $601,860,000. Finally, Canada Pension Plan Investment Board purchased a new stake in Capital One Financial during the second quarter worth approximately $482,718,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

About Capital One Financial

Capital One Financial Corporation is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company operates as a bank holding company through Capital One, N.A., providing financial products and services to consumers, small businesses and commercial customers.

Capital One is best known for its credit card business, which offers a range of consumer and business cards. Its other activities include consumer banking products such as checking and savings accounts, auto loans and retail banking services, as well as commercial banking services for businesses and institutions.

The company primarily serves customers in the United States through digital channels, branches and other distribution networks.