Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Capital One Financial (NYSE:COF) Stock

Capital One Financial (NYSE:COF) had its target price lifted by Keefe, Bruyette & Woods from $248.00 to $260.00 in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has an outperform rating on the financial services provider's stock.

Several other equities research analysts also recently issued reports on COF. Barclays restated an "overweight" rating and set a $253.00 target price (up previously from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. BTIG Research raised Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 price objective on the stock in a report on Tuesday, March 25th. Wall Street Zen raised Capital One Financial from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Bank of America upped their price target on Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Finally, Truist Financial raised their price objective on shares of Capital One Financial from $215.00 to $225.00 and gave the company a "buy" rating in a research report on Friday, April 25th. Four equities 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 company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $230.40.

Capital One Financial Stock Performance

NYSE COF traded down $7.90 during trading on Wednesday, hitting $211.56. 7,494,862 shares of the company's stock traded hands, compared to its average volume of 3,575,739. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.97 and a current ratio of 1.02. The stock has a market capitalization of $81.06 billion, a price-to-earnings ratio of 108.49, a PEG ratio of 0.91 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. The business has a 50 day moving average of $204.37 and a 200-day moving average of $191.25.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $12.49 billion for the quarter, compared to analysts' expectations of $12.72 billion. The business's quarterly revenue was up 31.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.14 earnings per share. As a group, equities research analysts anticipate that Capital One Financial will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Friday, May 23rd were issued 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 was Friday, May 23rd. Capital One Financial's dividend payout ratio is currently 20.15%.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 9,560 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $199.40, for a total transaction of $1,906,264.00. Following the completion of the sale, the insider directly owned 20,089 shares in the company, valued at $4,005,746.60. This represents a 32.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Ann F. Hackett sold 1,658 shares of Capital One Financial stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $198.70, for a total value of $329,444.60. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders own 1.26% of the company's stock.

Institutional Trading of Capital One Financial

Institutional investors have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. raised its holdings in Capital One Financial by 18.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider's stock valued at $10,010,000 after buying an additional 9,374 shares during the last quarter. Creative Financial Designs Inc. ADV increased its holdings in Capital One Financial by 105.3% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider's stock valued at $138,000 after purchasing an additional 394 shares during the period. Mutual Advisors LLC bought a new position in Capital One Financial during the 1st quarter valued at approximately $215,000. Lansforsakringar Fondforvaltning AB publ purchased a new stake in Capital One Financial in the 4th quarter worth approximately $91,780,000. Finally, Janney Montgomery Scott LLC grew its position in shares of Capital One Financial by 9.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 98,617 shares of the financial services provider's stock worth $17,682,000 after buying an additional 8,651 shares during the last quarter. Hedge funds and other 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.