Capital One Financial (NYSE:COF) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Capital One Financial (NYSE:COF) had its price target upped by JPMorgan Chase & Co. from $183.00 to $210.00 in a report issued on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the financial services provider's stock.

COF has been the topic of several other reports. 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 report on Monday, April 14th. Bank of America raised their target price on shares of Capital One Financial from $223.00 to $233.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Wells Fargo & Company raised their target price on shares of Capital One Financial from $210.00 to $225.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Evercore ISI raised shares of Capital One Financial from an "in-line" rating to an "outperform" rating and set a $200.00 target price on the stock in a research report on Wednesday, March 12th. Finally, Barclays reissued an "overweight" rating and issued a $253.00 target price (up from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $215.86.

Capital One Financial Trading Up 0.3%

Shares of Capital One Financial stock traded up $0.66 during mid-day trading on Thursday, hitting $211.17. 4,407,824 shares of the stock were exchanged, compared to its average volume of 3,582,980. Capital One Financial has a twelve month low of $128.23 and a twelve month high of $212.82. The stock has a market capitalization of $80.91 billion, a price-to-earnings ratio of 17.73, a price-to-earnings-growth ratio of 0.93 and a beta of 1.13. The company has a 50-day simple moving average of $192.21 and a 200 day simple moving average of $186.43. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.65.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.75 by $0.31. Capital One Financial had a net margin of 9.65% and a return on equity of 9.63%. The company had revenue of $10 billion for the quarter, compared to analysts' expectations of $10.07 billion. Research analysts forecast that Capital One Financial will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.14%. Capital One Financial's dividend payout ratio is currently 20.15%.

Insider Activity

In other news, Director Ann F. Hackett sold 1,658 shares of Capital One Financial stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $198.70, for a total transaction of $329,444.60. Following the sale, the director now owns 56,244 shares in the company, valued at $11,175,682.80. This trade represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael Zamsky sold 9,560 shares of Capital One Financial stock in a transaction that occurred on 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 sale, the insider now owns 20,089 shares in the company, valued at $4,005,746.60. This represents a 32.24% 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

A number of hedge funds have recently made changes to their positions in COF. Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of Capital One Financial in the fourth quarter worth $91,780,000. Janney Montgomery Scott LLC increased its stake in shares of Capital One Financial by 9.6% in the first 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. Geode Capital Management LLC increased its stake in shares of Capital One Financial by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 8,227,587 shares of the financial services provider's stock worth $1,467,393,000 after buying an additional 207,427 shares during the last quarter. Westbourne Investments Inc. bought a new stake in shares of Capital One Financial in the fourth quarter worth $410,000. Finally, Lone Pine Capital LLC bought a new stake in shares of Capital One Financial in the fourth quarter worth $577,012,000. Hedge funds and other institutional investors own 89.84% of the company's stock.

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.