Q3 EPS Estimate for Capital One Financial Lifted by Analyst

Capital One Financial Co. (NYSE:COF) – Analysts at Zacks Research lifted their Q3 2024 earnings estimates for shares of Capital One Financial in a research note issued to investors on Thursday, October 17th. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings per share of $3.63 for the quarter, up from their previous estimate of $3.60. The consensus estimate for Capital One Financial’s current full-year earnings is $12.87 per share. Zacks Research also issued estimates for Capital One Financial’s FY2024 earnings at $12.82 EPS, Q1 2025 earnings at $3.79 EPS, Q4 2025 earnings at $3.49 EPS, FY2025 earnings at $15.58 EPS, Q2 2026 earnings at $4.53 EPS and FY2026 earnings at $17.59 EPS.

Several other equities analysts have also recently commented on COF. Citigroup began coverage on shares of Capital One Financial in a research note on Friday, September 20th. They set a “buy” rating and a $190.00 price objective for the company. Barclays increased their price objective on Capital One Financial from $154.00 to $158.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Bank of America boosted their target price on Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $150.00 price target on shares of Capital One Financial in a report on Thursday, July 25th. Finally, JPMorgan Chase & Co. boosted their price objective on Capital One Financial from $156.00 to $157.00 and gave the stock a “neutral” rating in a report on Monday, October 7th. Twelve investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $151.56.

Capital One Financial Stock Down 0.5 %

COF stock opened at $159.03 on Friday. Capital One Financial has a twelve month low of $88.23 and a twelve month high of $160.45. The firm has a market capitalization of $60.46 billion, a PE ratio of 12.45, a PEG ratio of 1.22 and a beta of 1.44. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.81. The stock has a 50-day simple moving average of $145.76 and a two-hundred day simple moving average of $142.43.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 EPS for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.14). The company had revenue of $9.51 billion during the quarter, compared to the consensus estimate of $9.57 billion. Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. Capital One Financial’s revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the business earned $3.52 earnings per share.

Institutional Trading of Capital One Financial

A number of institutional investors have recently made changes to their positions in COF. Wellington Management Group LLP grew its position in Capital One Financial by 13.9% in the 4th quarter. Wellington Management Group LLP now owns 1,349,167 shares of the financial services provider’s stock worth $176,903,000 after purchasing an additional 164,496 shares during the period. CWM LLC increased its position in Capital One Financial by 12.9% during the first quarter. CWM LLC now owns 7,188 shares of the financial services provider’s stock valued at $1,070,000 after acquiring an additional 819 shares during the last quarter. Mather Group LLC. bought a new position in Capital One Financial in the first quarter valued at about $126,000. Rise Advisors LLC purchased a new position in Capital One Financial in the first quarter worth about $33,000. Finally, Banque Cantonale Vaudoise grew its stake in shares of Capital One Financial by 12.5% during the 1st quarter. Banque Cantonale Vaudoise now owns 7,056 shares of the financial services provider’s stock valued at $1,051,000 after purchasing an additional 784 shares during the period. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insider Activity

In related news, CEO Kevin S. Borgmann sold 61,532 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total value of $8,175,141.52. Following the transaction, the chief executive officer now directly owns 40,934 shares of the company’s stock, valued at approximately $5,438,491.24. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were issued a $0.60 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.40 annualized dividend and a yield of 1.51%. Capital One Financial’s dividend payout ratio (DPR) is presently 18.79%.

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.