Capital One Financial Corporation (NYSE:COF) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Capital One Financial received a “Moderate Buy” consensus rating from 24 analysts, including 21 buy ratings and three holds. The average 12-month price target is $258.91.
• Capital One reported quarterly EPS of $5.81, exceeding the $4.79 analyst consensus, while revenue reached $15.83 billion and rose 26.9% year over year.
• The company paid a quarterly dividend of $0.80 per share, equivalent to a $3.20 annualized payout and a 1.6% yield. Institutional investors own approximately 89.84% of the stock, while insiders sold shares worth about $7.2 million over the past 90 days.

Capital One Financial Corporation (NYSE:COF) has received a consensus rating of "Moderate Buy" from the twenty-four research firms that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and twenty-one have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $258.91.

COF has been the subject of several recent research reports. Citigroup reduced their target price on shares of Capital One Financial from $310.00 to $295.00 and set a "buy" rating for the company in a report on Tuesday, July 28th. Piper Sandler began coverage on Capital One Financial in a research report on Monday, June 29th. They issued an "overweight" rating and a $254.00 price objective for the company. Deutsche Bank Aktiengesellschaft set a $245.00 price target on shares of Capital One Financial in a research report on Thursday, August 20th. Bank of America decreased their price objective on Capital One Financial from $234.00 to $231.00 and set a "buy" rating on the stock in a report on Thursday, July 9th. Finally, BTIG Research boosted their target price on Capital One Financial from $224.00 to $259.00 and gave the stock a "buy" rating in a report on Tuesday, June 30th.

Capital One Financial Trading Up 0.1%

Shares of Capital One Financial stock opened at $196.23 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39. The firm's 50 day simple moving average is $212.41 and its two-hundred day simple moving average is $198.61. Capital One Financial has a 12-month low of $174.24 and a 12-month high of $259.64. The firm has a market capitalization of $120.38 billion, a price-to-earnings ratio of 12.14, a PEG ratio of 0.74 and a beta of 1.02.

Capital One Financial (NYSE:COF - Get Free Report) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The company had revenue of $15.83 billion during the quarter, compared to analyst estimates of $15.76 billion. During the same quarter last year, the business posted $5.48 EPS. The firm's quarterly revenue was up 26.9% on a year-over-year basis. Analysts predict that Capital One Financial will post 20.3 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.6%. The ex-dividend date was Monday, August 17th. Capital One Financial's payout ratio is presently 19.80%.

Insider Transactions at Capital One Financial

In other Capital One Financial news, CAO Timothy Golden sold 3,487 shares of the stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $211.00, for a total transaction of $735,757.00. Following the completion of the transaction, the chief accounting officer owned 7,429 shares of the company's stock, valued at $1,567,519. This trade represents a 31.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Ravi Raghu sold 9,726 shares of the stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $209.78, for a total transaction of $2,040,320.28. Following the transaction, the insider directly owned 26,328 shares of the company's stock, valued at $5,523,087.84. The trade was a 26.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 33,850 shares of company stock valued at $7,208,382 in the last ninety days. 0.78% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Capital One Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of COF. State Street Corp boosted its position in Capital One Financial by 107.9% in the 2nd quarter. State Street Corp now owns 57,278,732 shares of the financial services provider's stock valued at $11,491,259,000 after buying an additional 29,724,829 shares during the period. BlackRock Inc. grew its holdings in Capital One Financial by 0.5% during the 2nd quarter. BlackRock Inc. now owns 51,054,869 shares of the financial services provider's stock worth $10,242,628,000 after acquiring an additional 236,643 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Capital One Financial by 5.4% in the 4th quarter. Franklin Resources Inc. now owns 12,476,462 shares of the financial services provider's stock valued at $3,023,795,000 after purchasing an additional 638,158 shares during the last quarter. Norges Bank acquired a new stake in shares of Capital One Financial in the 4th quarter valued at $2,089,803,000. Finally, Bank of America Corp DE purchased a new stake in shares of Capital One Financial during the 2nd quarter worth $1,435,311,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

About Capital One Financial

Capital One Financial Corporation NYSE: COF is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company initially built its business as a credit card issuer and has since expanded into consumer banking, commercial banking and payments.

Capital One offers a range of credit card products for consumers and businesses, along with deposit accounts, savings products, auto loans and other consumer lending services. Through its commercial banking operations, the company provides financing, treasury management and related services to commercial real estate clients, middle-market companies and other businesses.

Capital One primarily serves customers in the United States, with additional operations and financial services activities in Canada and the United Kingdom.

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