JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Capital One Financial (NYSE:COF) Stock

Capital One Financial (NYSE:COF) had its price target upped by JPMorgan Chase & Co. from $245.00 to $248.00 in a report published on Wednesday,Benzinga reports. The firm currently has a neutral rating on the financial services provider's stock.

COF has been the subject of a number of other research reports. Royal Bank Of Canada lifted their price target on Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a report on Wednesday. Wells Fargo & Company boosted their price objective on Capital One Financial from $210.00 to $225.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Keefe, Bruyette & Woods boosted their price objective on Capital One Financial from $232.00 to $248.00 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. Barclays restated an "overweight" rating and set a $253.00 price objective (up previously from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. Finally, Bank of America lifted their price target on shares of Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $233.07.

Capital One Financial Stock Performance

NYSE:COF traded up $1.28 during mid-day trading on Wednesday, hitting $212.61. 4,501,689 shares of the company's stock traded hands, compared to its average volume of 3,771,397. The firm has a 50 day moving average of $204.67 and a two-hundred day moving average of $191.47. The company has a current ratio of 1.02, a quick ratio of 0.97 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $81.46 billion, a price-to-earnings ratio of 109.03, a price-to-earnings-growth ratio of 0.85 and a beta of 1.15. Capital One Financial has a 12 month low of $128.23 and a 12 month high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating analysts' consensus estimates of $1.93 by $3.55. The firm had revenue of $12.49 billion during the quarter, compared to the consensus estimate of $12.72 billion. During the same quarter in the previous year, the business posted $3.14 earnings per share. The firm's quarterly revenue was up 31.4% on a year-over-year basis. On average, equities analysts forecast that Capital One Financial will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Friday, May 23rd were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend was Friday, May 23rd. Capital One Financial's dividend payout ratio is currently 123.08%.

Insiders Place Their Bets

In other news, Director Ann F. Hackett sold 1,658 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $198.70, for a total value of $329,444.60. Following the transaction, the director owned 56,244 shares in the company, valued at approximately $11,175,682.80. This represents a 2.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Robert M. Alexander sold 10,114 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the completion of the transaction, the insider owned 68,707 shares in the company, valued at $15,655,577.02. The trade was a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,332 shares of company stock worth $4,540,285. 1.26% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Capital One Financial

Hedge funds and other institutional investors have recently bought and sold shares of the stock. WPG Advisers LLC acquired a new position in shares of Capital One Financial during the 1st quarter valued at about $25,000. Moisand Fitzgerald Tamayo LLC increased its stake in shares of Capital One Financial by 103.3% in the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider's stock valued at $26,000 after buying an additional 62 shares during the period. Olistico Wealth LLC boosted its position in shares of Capital One Financial by 439.1% in the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider's stock worth $26,000 after purchasing an additional 101 shares during the last quarter. Saudi Central Bank bought a new position in shares of Capital One Financial in the 1st quarter worth $27,000. Finally, RMG Wealth Management LLC bought a new position in Capital One Financial during the second quarter worth about $27,000. 89.84% of the stock is owned by institutional investors and hedge funds.

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.