Capital One Financial (NYSE:COF) had its price target lifted by Royal Bank Of Canada from $240.00 to $255.00 in a report published on Wednesday,Benzinga reports. Royal Bank Of Canada currently has a sector perform rating on the financial services provider's stock.
Other equities analysts have also recently issued research reports about the stock. Wall Street Zen raised shares of Capital One Financial from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. TD Cowen raised shares of Capital One Financial from a "hold" rating to a "buy" rating and boosted their price target for the company from $184.00 to $258.00 in a research report on Tuesday, July 8th. Barclays reaffirmed an "overweight" rating and issued a $253.00 target price (up from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. Wells Fargo & Company boosted their price target on shares of Capital One Financial from $210.00 to $225.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Capital One Financial from $232.00 to $248.00 and gave the company an "outperform" rating in a report on Wednesday, July 9th. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Capital One Financial presently has an average rating of "Moderate Buy" and a consensus target price of $233.07.
View Our Latest Research Report on Capital One Financial
Capital One Financial Stock Performance
COF traded up $1.28 during midday trading on Wednesday, hitting $212.61. 4,501,689 shares of the company were exchanged, compared to its average volume of 3,771,397. The company's 50 day simple moving average is $204.67 and its 200 day simple moving average is $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. Capital One Financial has a 1-year low of $128.23 and a 1-year high of $232.45. 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 (NYSE:COF - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.93 by $3.55. The company had revenue of $12.49 billion during the quarter, compared to analysts' expectations of $12.72 billion. The company's quarterly revenue was up 31.4% compared to the same quarter last year. During the same period in the prior year, the business posted $3.14 earnings per share. As a group, sell-side analysts predict that Capital One Financial will post 15.65 earnings per share for the current year.
Capital One Financial Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Friday, May 23rd were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.13%. The ex-dividend date was Friday, May 23rd. Capital One Financial's dividend payout ratio (DPR) is 123.08%.
Insider Buying and Selling
In other news, insider Robert M. Alexander sold 10,114 shares of the business's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total value of $2,304,576.04. Following the completion of the sale, the insider owned 68,707 shares of the company's stock, valued at approximately $15,655,577.02. The trade was a 12.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ann F. Hackett sold 1,658 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $198.70, for a total transaction of $329,444.60. Following the completion of the sale, the director owned 56,244 shares in the company, valued at approximately $11,175,682.80. This trade represents a 2.86% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,332 shares of company stock valued at $4,540,285 in the last quarter. Company insiders own 1.26% of the company's stock.
Institutional Investors Weigh In On Capital One Financial
A number of institutional investors have recently modified their holdings of COF. Brighton Jones LLC grew its position in shares of Capital One Financial by 330.1% during the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider's stock valued at $2,423,000 after buying an additional 10,428 shares during the last quarter. Modern Wealth Management LLC grew its position in shares of Capital One Financial by 11.3% during the 4th quarter. Modern Wealth Management LLC now owns 4,791 shares of the financial services provider's stock valued at $854,000 after buying an additional 487 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in shares of Capital One Financial during the 4th quarter valued at about $41,000. Korea Investment CORP grew its position in shares of Capital One Financial by 42.2% during the 4th quarter. Korea Investment CORP now owns 365,629 shares of the financial services provider's stock valued at $65,199,000 after buying an additional 108,582 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Capital One Financial by 8.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 608,295 shares of the financial services provider's stock valued at $109,755,000 after buying an additional 48,248 shares during the last quarter. Institutional investors own 89.84% of the company's stock.
About Capital One Financial
(
Get Free Report)
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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