Capital One Financial (NYSE:COF) Given New $210.00 Price Target at Wells Fargo & Company

Capital One Financial (NYSE:COF) had its price target raised by Wells Fargo & Company from $185.00 to $210.00 in a research report sent to investors on Friday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the financial services provider’s stock.

Several other equities analysts have also recently commented on the stock. Citigroup began coverage on shares of Capital One Financial in a research report on Friday, September 20th. They issued a “buy” rating and a $190.00 target price for the company. Royal Bank of Canada boosted their price objective on shares of Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. The Goldman Sachs Group raised their target price on Capital One Financial from $182.00 to $205.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Bank of America cut Capital One Financial from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $203.00 to $200.00 in a report on Monday, December 9th. Finally, Keefe, Bruyette & Woods raised their price objective on Capital One Financial from $185.00 to $232.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $174.31.

Capital One Financial Trading Up 1.0 %

Shares of NYSE:COF opened at $180.43 on Friday. The business’s 50 day simple moving average is $180.94 and its 200 day simple moving average is $156.79. Capital One Financial has a 1 year low of $123.23 and a 1 year high of $198.30. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $68.84 billion, a P/E ratio of 17.04, a P/E/G ratio of 1.36 and a beta of 1.45.

Capital One Financial (NYSE:COF) last released its earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.70 by $0.81. The company had revenue of $10 billion for the quarter, compared to analyst estimates of $9.88 billion. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. Capital One Financial’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the firm posted $4.45 EPS. On average, research analysts anticipate that Capital One Financial will post 13.54 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 14th were issued a $0.60 dividend. The ex-dividend date was Thursday, November 14th. This represents a $2.40 dividend on an annualized basis and a yield of 1.33%. Capital One Financial’s payout ratio is 22.66%.

Insider Buying and Selling

In other news, insider Mark Daniel Mouadeb sold 1,994 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $162.37, for a total transaction of $323,765.78. Following the completion of the sale, the insider now directly owns 19,776 shares in the company, valued at $3,211,029.12. This represents a 9.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Frank G. LapradeIii sold 15,751 shares of Capital One Financial stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $160.00, for a total transaction of $2,520,160.00. Following the transaction, the insider now directly owns 44,711 shares of the company’s stock, valued at $7,153,760. This represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,007 shares of company stock valued at $4,982,647 in the last three months. Insiders own 1.30% of the company’s stock.

Institutional Trading of Capital One Financial

A number of large investors have recently bought and sold shares of the business. Simon Quick Advisors LLC bought a new stake in shares of Capital One Financial during the 2nd quarter valued at about $213,000. TD Asset Management Inc boosted its holdings in shares of Capital One Financial by 3.4% during the 2nd quarter. TD Asset Management Inc now owns 141,760 shares of the financial services provider’s stock worth $19,627,000 after buying an additional 4,603 shares in the last quarter. National Bank of Canada FI grew its position in shares of Capital One Financial by 23.4% during the 2nd quarter. National Bank of Canada FI now owns 109,897 shares of the financial services provider’s stock worth $15,353,000 after buying an additional 20,868 shares during the period. ANTIPODES PARTNERS Ltd increased its stake in shares of Capital One Financial by 15.9% in the 2nd quarter. ANTIPODES PARTNERS Ltd now owns 678,472 shares of the financial services provider’s stock valued at $93,934,000 after acquiring an additional 92,951 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Capital One Financial by 0.7% during the 2nd quarter. Victory Capital Management Inc. now owns 435,759 shares of the financial services provider’s stock valued at $60,331,000 after acquiring an additional 3,026 shares during the period. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Company Profile

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.