Capital One Financial (NYSE:COF) Upgraded at HSBC

HSBC upgraded shares of Capital One Financial (NYSE:COF) from a reduce rating to a hold rating in a report published on Tuesday, Marketbeat reports. The firm currently has $176.00 price target on the financial services provider’s stock.

COF has been the subject of a number of other reports. Robert W. Baird raised their price objective on Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Bank of America lowered shares of 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. Royal Bank of Canada upped 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 note on Friday, October 25th. Barclays raised shares of Capital One Financial from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $158.00 to $219.00 in a research note on Monday, January 6th. Finally, Truist Financial initiated coverage on shares of Capital One Financial in a research report on Tuesday, January 7th. They set a “buy” rating and a $229.00 price target on the stock. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $188.06.

Capital One Financial Stock Performance

Capital One Financial stock opened at $188.52 on Tuesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.00 and a quick ratio of 1.00. Capital One Financial has a 1 year low of $123.23 and a 1 year high of $198.30. The business has a 50 day moving average of $183.63 and a 200-day moving average of $159.76. The company has a market capitalization of $71.87 billion, a P/E ratio of 17.80, a P/E/G ratio of 1.12 and a beta of 1.46.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.51 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 8.80% and a return on equity of 9.00%. Capital One Financial’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.45 earnings per share. On average, equities research analysts predict that Capital One Financial will post 13.41 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 14th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Thursday, November 14th. Capital One Financial’s dividend payout ratio is currently 22.66%.

Insider Buying and Selling at Capital One Financial

In other news, insider Michael Zamsky sold 10,541 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total value of $2,005,530.66. Following the transaction, the insider now owns 26,482 shares in the company, valued at $5,038,465.32. This trade represents a 28.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kara West sold 721 shares of Capital One Financial stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $184.73, for a total value of $133,190.33. Following the transaction, the insider now directly owns 12,929 shares in the company, valued at approximately $2,388,374.17. The trade was a 5.28 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,256 shares of company stock worth $2,462,487. 1.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Capital One Financial

Several large investors have recently bought and sold shares of COF. Grove Bank & Trust raised its holdings in shares of Capital One Financial by 7.0% in the fourth quarter. Grove Bank & Trust now owns 973 shares of the financial services provider’s stock valued at $174,000 after purchasing an additional 64 shares during the last quarter. Prossimo Advisors LLC grew its position in Capital One Financial by 2.4% in the 3rd quarter. Prossimo Advisors LLC now owns 2,735 shares of the financial services provider’s stock worth $410,000 after purchasing an additional 65 shares in the last quarter. City Holding Co. increased its stake in Capital One Financial by 1.3% in the 4th quarter. City Holding Co. now owns 5,010 shares of the financial services provider’s stock valued at $893,000 after buying an additional 65 shares during the last quarter. Arkadios Wealth Advisors lifted its position in shares of Capital One Financial by 3.9% during the 3rd quarter. Arkadios Wealth Advisors now owns 1,780 shares of the financial services provider’s stock worth $266,000 after buying an additional 66 shares in the last quarter. Finally, Baldwin Investment Management LLC boosted its stake in shares of Capital One Financial by 0.6% in the 3rd quarter. Baldwin Investment Management LLC now owns 12,215 shares of the financial services provider’s stock worth $1,829,000 after buying an additional 70 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors.

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.