Capital One Financial Co. (NYSE:COF) to Post Q3 2024 Earnings of $3.89 Per Share, Seaport Res Ptn Forecasts

Capital One Financial Co. (NYSE:COF) – Equities researchers at Seaport Res Ptn increased their Q3 2024 earnings estimates for shares of Capital One Financial in a report issued on Monday, June 17th. Seaport Res Ptn analyst W. Ryan now anticipates that the financial services provider will post earnings of $3.89 per share for the quarter, up from their previous forecast of $3.88. The consensus estimate for Capital One Financial’s current full-year earnings is $13.05 per share.

A number of other brokerages have also weighed in on COF. Royal Bank of Canada lifted their target price on Capital One Financial from $142.00 to $150.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 21st. Piper Sandler upped their price target on shares of Capital One Financial from $126.00 to $142.00 and gave the stock a “neutral” rating in a research report on Friday, February 23rd. BTIG Research started coverage on shares of Capital One Financial in a report on Friday, June 7th. They set a “neutral” rating on the stock. Citigroup upped their price objective on Capital One Financial from $152.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Finally, Jefferies Financial Group upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and raised their target price for the company from $145.00 to $165.00 in a research note on Thursday, June 6th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $141.25.

Capital One Financial Trading Up 0.2 %

COF opened at $137.34 on Wednesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.00 and a current ratio of 1.01. The stock’s 50 day moving average price is $140.21 and its 200-day moving average price is $136.13. Capital One Financial has a one year low of $88.23 and a one year high of $149.94. The stock has a market cap of $52.22 billion, a price-to-earnings ratio of 10.75, a P/E/G ratio of 1.08 and a beta of 1.45.

Capital One Financial (NYSE:COF) last posted its earnings results on Thursday, April 25th. The financial services provider reported $3.21 earnings per share for the quarter, missing analysts’ consensus estimates of $3.25 by ($0.04). Capital One Financial had a return on equity of 9.74% and a net margin of 10.19%. The business had revenue of $9.40 billion during the quarter, compared to the consensus estimate of $9.35 billion. During the same quarter last year, the firm earned $2.31 earnings per share. The business’s quarterly revenue was up 5.6% on a year-over-year basis.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Monday, May 13th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $2.40 annualized dividend and a yield of 1.75%. Capital One Financial’s payout ratio is currently 18.79%.

Insider Activity at Capital One Financial

In related news, insider Celia Karam sold 16,913 shares of Capital One Financial stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $142.88, for a total transaction of $2,416,529.44. Following the completion of the sale, the insider now owns 47,081 shares in the company, valued at approximately $6,726,933.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Celia Karam sold 16,913 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $142.88, for a total transaction of $2,416,529.44. Following the sale, the insider now owns 47,081 shares in the company, valued at $6,726,933.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Timothy P. Golden sold 8,656 shares of Capital One Financial stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $144.04, for a total value of $1,246,810.24. Following the completion of the sale, the insider now owns 10,246 shares of the company’s stock, valued at approximately $1,475,833.84. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Capital One Financial

Several large investors have recently made changes to their positions in the business. IMS Capital Management bought a new position in shares of Capital One Financial in the 1st quarter worth about $228,000. DekaBank Deutsche Girozentrale increased its holdings in shares of Capital One Financial by 3.2% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 84,057 shares of the financial services provider’s stock worth $12,076,000 after acquiring an additional 2,634 shares during the period. Soltis Investment Advisors LLC lifted its position in Capital One Financial by 942.5% in the 1st quarter. Soltis Investment Advisors LLC now owns 37,593 shares of the financial services provider’s stock valued at $5,597,000 after purchasing an additional 33,987 shares during the last quarter. Goldentree Asset Management LP bought a new position in Capital One Financial in the 1st quarter worth about $34,179,000. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in Capital One Financial by 436.4% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 177,166 shares of the financial services provider’s stock worth $26,378,000 after buying an additional 144,139 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

About Capital One Financial

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.