Capital One Financial (NYSE:COF) Price Target Raised to $160.00

Capital One Financial (NYSE:COF) had its price objective raised by Royal Bank of Canada from $150.00 to $160.00 in a research report sent to investors on Friday morning, Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the financial services provider’s stock.

A number of other equities research analysts have also weighed in on COF. Citigroup began coverage on 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. Bank of America raised their price target on shares of Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Robert W. Baird increased their price objective on shares of Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday. Barclays raised their price objective on shares of Capital One Financial from $154.00 to $158.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. upped their target price on shares of Capital One Financial from $156.00 to $157.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. Twelve research 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 a consensus rating of “Hold” and an average price target of $152.39.

Capital One Financial Trading Up 5.2 %

COF opened at $161.27 on Friday. The firm’s 50 day moving average is $147.82 and its 200-day moving average is $142.89. Capital One Financial has a 52-week low of $89.08 and a 52-week high of $167.93. 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 firm has a market capitalization of $61.31 billion, a P/E ratio of 12.63, a P/E/G ratio of 1.22 and a beta of 1.44.

Capital One Financial (NYSE:COF) last released its quarterly 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 firm had revenue of $10 billion for the quarter, compared to the consensus estimate of $9.88 billion. Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.45 EPS. Analysts expect that Capital One Financial will post 12.87 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were paid a $0.60 dividend. The ex-dividend date was Monday, August 12th. This represents a $2.40 annualized dividend and a dividend yield of 1.49%. Capital One Financial’s payout ratio is currently 18.79%.

Insider Transactions at Capital One Financial

In other Capital One Financial news, CEO Kevin S. Borgmann sold 61,532 shares of Capital One Financial stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the sale, the chief executive officer now owns 40,934 shares of the company’s stock, valued at $5,438,491.24. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Kevin S. Borgmann sold 61,532 shares of Capital One Financial stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the sale, the chief executive officer now directly owns 40,934 shares in the company, valued at $5,438,491.24. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Frank G. LapradeIii sold 15,751 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 44,711 shares of the company’s stock, valued at $7,153,760. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Capital One Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. LRI Investments LLC bought a new position in Capital One Financial during the 1st quarter valued at $25,000. Y.D. More Investments Ltd bought a new position in Capital One Financial during the second quarter valued at about $28,000. Hobbs Group Advisors LLC acquired a new position in Capital One Financial during the second quarter worth about $29,000. Unique Wealth Strategies LLC bought a new stake in Capital One Financial in the second quarter worth about $36,000. Finally, Versant Capital Management Inc lifted its holdings in Capital One Financial by 391.5% in the 2nd quarter. Versant Capital Management Inc now owns 290 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 231 shares during the last quarter. Institutional investors 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.