Capital One Financial (NYSE:COF) Sets New 12-Month High After Analyst Upgrade

Capital One Financial Corporation (NYSE:COF) reached a new 52-week high during mid-day trading on Thursday after JPMorgan Chase & Co. raised their price target on the stock from $183.00 to $210.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Capital One Financial traded as high as $210.91 and last traded at $209.71, with a volume of 188508 shares. The stock had previously closed at $208.03.

Other analysts have also recently issued research reports about the stock. Royal Bank Of Canada set a $190.00 target price on shares of Capital One Financial and gave the stock a "sector perform" rating in a research note on Monday, April 14th. Citigroup lowered their price objective on Capital One Financial from $245.00 to $230.00 and set a "buy" rating on the stock in a report on Monday, March 24th. Truist Financial increased their target price on Capital One Financial from $215.00 to $225.00 and gave the stock a "buy" rating in a research note on Friday, April 25th. Evercore ISI upgraded Capital One Financial from an "in-line" rating to an "outperform" rating and set a $200.00 price target on the stock in a research note on Wednesday, March 12th. Finally, Barclays reissued an "overweight" rating and issued a $253.00 target price (up previously from $212.00) on shares of Capital One Financial in a report on Monday. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Capital One Financial currently has a consensus rating of "Moderate Buy" and an average target price of $215.86.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 9,560 shares of Capital One Financial stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $199.40, for a total value of $1,906,264.00. Following the completion of the sale, the insider now owns 20,089 shares in the company, valued at $4,005,746.60. The trade was a 32.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ann F. Hackett sold 1,658 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $198.70, for a total transaction of $329,444.60. Following the transaction, the director now owns 56,244 shares in the company, valued at approximately $11,175,682.80. The trade was a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.26% of the company's stock.

Hedge Funds Weigh In On Capital One Financial

Hedge funds have recently made changes to their positions in the business. Voya Investment Management LLC boosted its holdings in Capital One Financial by 80.7% in the 1st quarter. Voya Investment Management LLC now owns 988,638 shares of the financial services provider's stock worth $177,263,000 after acquiring an additional 441,382 shares during the period. Modern Wealth Management LLC grew its holdings in Capital One Financial by 5.0% during the 1st quarter. Modern Wealth Management LLC now owns 4,988 shares of the financial services provider's stock valued at $894,000 after purchasing an additional 238 shares in the last quarter. Strs Ohio purchased a new stake in Capital One Financial during the 1st quarter worth $24,618,000. Advisors Capital Management LLC increased its stake in Capital One Financial by 30.5% during the 1st quarter. Advisors Capital Management LLC now owns 1,683 shares of the financial services provider's stock worth $302,000 after buying an additional 393 shares during the period. Finally, Geneos Wealth Management Inc. boosted its position in Capital One Financial by 8.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 7,803 shares of the financial services provider's stock valued at $1,399,000 after buying an additional 615 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company's stock.

Capital One Financial Stock Up 0.7%

The company has a market capitalization of $80.23 billion, a price-to-earnings ratio of 17.60, a P/E/G ratio of 0.96 and a beta of 1.13. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.65. The firm has a 50 day moving average price of $190.27 and a two-hundred day moving average price of $186.04.

Capital One Financial (NYSE:COF - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.75 by $0.31. The company had revenue of $10 billion for the quarter, compared to analyst estimates of $10.07 billion. Capital One Financial had a return on equity of 9.63% and a net margin of 9.65%. As a group, sell-side analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Friday, May 23rd. Capital One Financial's payout ratio is currently 20.15%.

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.

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