Robert W. Baird Raises Capital One Financial (NYSE:COF) Price Target to $150.00

Capital One Financial (NYSE:COF) had its price target boosted by Robert W. Baird from $145.00 to $150.00 in a report issued on Friday, Benzinga reports. Robert W. Baird currently has a neutral rating on the financial services provider’s stock.

Several other equities research analysts have also commented on COF. Barclays upped 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. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $150.00 price objective on shares of Capital One Financial in a report on Thursday, July 25th. Evercore ISI lowered their target price on shares of Capital One Financial from $166.00 to $163.00 and set an “in-line” rating on the stock in a research note on Monday, October 7th. JPMorgan Chase & Co. lifted their price target on Capital One Financial from $156.00 to $157.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. Finally, Bank of America raised their price objective on Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Twelve research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Capital One Financial presently has an average rating of “Hold” and an average target price of $152.39.

Capital One Financial Stock Up 5.2 %

NYSE:COF opened at $161.27 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.00 and a quick ratio of 1.00. The company’s fifty day moving average price is $147.82 and its 200-day moving average price is $142.89. Capital One Financial has a 1-year low of $89.08 and a 1-year high of $167.93. The firm has a market capitalization of $61.31 billion, a P/E ratio of 12.63, a PEG ratio of 1.22 and a beta of 1.44.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, beating analysts’ consensus estimates of $3.70 by $0.81. The business had revenue of $10 billion during the quarter, compared to analyst estimates of $9.88 billion. Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The company’s revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the business posted $4.45 EPS. As a group, equities research analysts anticipate that Capital One Financial will post 12.87 EPS for the current year.

Capital One Financial Dividend Announcement

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

Insider Activity at Capital One Financial

In other Capital One Financial news, CEO Kevin S. Borgmann sold 61,532 shares of the business’s 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 transaction, the chief executive officer now owns 40,934 shares of the company’s stock, valued at approximately $5,438,491.24. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Capital One Financial news, insider Frank G. LapradeIii sold 15,751 shares of Capital One Financial stock in a transaction dated Thursday, October 17th. The shares were 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. 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 accessible through the SEC website. Also, CEO Kevin S. Borgmann sold 61,532 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 40,934 shares of the company’s stock, valued at approximately $5,438,491.24. This trade represents 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 Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Hudson Valley Investment Advisors Inc. ADV purchased a new position in shares of Capital One Financial during the 3rd quarter worth $524,000. Pinnacle Associates Ltd. raised its stake in shares of Capital One Financial by 6.9% in the 3rd quarter. Pinnacle Associates Ltd. now owns 17,609 shares of the financial services provider’s stock valued at $2,637,000 after acquiring an additional 1,129 shares during the period. First Trust Direct Indexing L.P. lifted its holdings in shares of Capital One Financial by 1.8% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 15,528 shares of the financial services provider’s stock worth $2,325,000 after acquiring an additional 268 shares during the last quarter. Ariston Services Group purchased a new position in shares of Capital One Financial during the 3rd quarter worth approximately $211,000. Finally, Fidelis Capital Partners LLC increased its holdings in Capital One Financial by 7.1% in the 3rd quarter. Fidelis Capital Partners LLC now owns 3,665 shares of the financial services provider’s stock valued at $565,000 after purchasing an additional 243 shares during the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

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.