Capital One Financial (NYSE:COF) Upgraded by Bank of America to Buy Rating

Bank of America upgraded shares of Capital One Financial (NYSE:COF) from a neutral rating to a buy rating in a research note released on Wednesday morning, MarketBeat.com reports. Bank of America currently has $235.00 price target on the financial services provider’s stock, up from their prior price target of $207.00.

A number of other analysts have also recently issued reports on the stock. The Goldman Sachs Group lifted their target price on shares of Capital One Financial from $182.00 to $205.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Hsbc Global Res upgraded shares of Capital One Financial from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Barclays lifted their target price on shares of Capital One Financial from $219.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. lifted their price target on shares of Capital One Financial from $162.00 to $186.00 and gave the company a “neutral” rating in a research report on Monday, December 9th. Finally, HSBC raised shares of Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price target on the stock in a research report on Tuesday, January 14th. Eight investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $198.50.

Capital One Financial Trading Up 3.5 %

NYSE:COF opened at $209.98 on Wednesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $80.05 billion, a P/E ratio of 18.12, a P/E/G ratio of 1.17 and a beta of 1.47. The stock’s 50 day moving average price is $190.72 and its 200 day moving average price is $169.75. Capital One Financial has a 52 week low of $128.23 and a 52 week high of $210.10.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $0.31. The firm had revenue of $10.19 billion during the quarter, compared to analysts’ expectations of $10.22 billion. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The company’s revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.81 earnings per share. On average, research analysts forecast that Capital One Financial will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Tuesday, February 18th. Capital One Financial’s dividend payout ratio (DPR) is currently 20.71%.

Institutional Investors Weigh In On Capital One Financial

A number of institutional investors have recently bought and sold shares of the business. Neo Ivy Capital Management boosted its stake in Capital One Financial by 15.9% during the fourth quarter. Neo Ivy Capital Management now owns 1,869 shares of the financial services provider’s stock worth $333,000 after buying an additional 257 shares in the last quarter. Investment Management Corp VA ADV acquired a new stake in Capital One Financial during the fourth quarter worth $376,000. Helium Advisors LLC acquired a new stake in Capital One Financial during the fourth quarter worth $205,000. Sunbelt Securities Inc. boosted its stake in Capital One Financial by 8.0% during the fourth quarter. Sunbelt Securities Inc. now owns 1,777 shares of the financial services provider’s stock worth $316,000 after buying an additional 131 shares in the last quarter. Finally, Vise Technologies Inc. boosted its stake in Capital One Financial by 122.5% during the fourth quarter. Vise Technologies Inc. now owns 5,913 shares of the financial services provider’s stock worth $1,054,000 after buying an additional 3,255 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

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.