Capital One Financial (NYSE:COF) PT Raised to $188.00

Capital One Financial (NYSE:COF) had its price target boosted by Oppenheimer from $179.00 to $188.00 in a research note released on Wednesday, Price Targets.com reports. Oppenheimer currently has an outperform rating on the financial services provider’s stock.

Several other analysts have also commented on COF. Seaport Global Securities began coverage on shares of Capital One Financial in a research report on Monday, August 30th. They issued a neutral rating on the stock. Seaport Res Ptn reaffirmed a neutral rating on shares of Capital One Financial in a research note on Monday, August 30th. Robert W. Baird cut shares of Capital One Financial from a neutral rating to an underperform rating and reduced their price objective for the company from $175.80 to $145.00 in a research note on Monday, August 30th. Credit Suisse Group boosted their price objective on shares of Capital One Financial from $182.00 to $190.00 and gave the company an outperform rating in a research note on Friday, July 23rd. Finally, Odeon Capital Group raised shares of Capital One Financial from a sell rating to a hold rating and set a $148.90 price objective for the company in a research note on Monday, July 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Buy and an average price target of $170.10.

COF opened at $162.10 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.91 and a quick ratio of 0.89. The company’s 50-day moving average is $165.39 and its 200 day moving average is $156.87. Capital One Financial has a fifty-two week low of $70.78 and a fifty-two week high of $177.95. The firm has a market capitalization of $72.32 billion, a P/E ratio of 6.47, a PEG ratio of 0.30 and a beta of 1.77.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Thursday, July 22nd. The financial services provider reported $7.71 earnings per share for the quarter, beating analysts’ consensus estimates of $4.78 by $2.93. The company had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.13 billion. Capital One Financial had a net margin of 37.90% and a return on equity of 19.07%. The firm’s revenue was up 12.5% on a year-over-year basis. During the same period last year, the firm earned ($2.21) earnings per share. On average, equities research analysts expect that Capital One Financial will post 24.3 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 20th. Investors of record on Monday, August 9th were issued a dividend of $0.60 per share. This is a positive change from Capital One Financial’s previous quarterly dividend of $0.40. This represents a $2.40 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend was Friday, August 6th. Capital One Financial’s dividend payout ratio is currently 41.45%.

In other Capital One Financial news, insider Yajnik Sanjiv sold 451 shares of the business’s stock in a transaction on Monday, September 27th. The shares were sold at an average price of $170.00, for a total transaction of $76,670.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Robert M. Alexander sold 12,267 shares of the business’s stock in a transaction on Thursday, August 26th. The shares were sold at an average price of $174.23, for a total transaction of $2,137,279.41. The disclosure for this sale can be found here. Insiders have sold a total of 305,524 shares of company stock valued at $49,663,550 over the last quarter. 1.31% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of COF. Factorial Partners LLC grew its position in shares of Capital One Financial by 11,757.5% in the 1st quarter. Factorial Partners LLC now owns 5,229,153 shares of the financial services provider’s stock worth $41,100,000 after buying an additional 5,185,053 shares during the period. Bank of America Corp DE grew its position in shares of Capital One Financial by 27.8% in the 2nd quarter. Bank of America Corp DE now owns 8,148,023 shares of the financial services provider’s stock worth $1,260,419,000 after buying an additional 1,771,101 shares during the period. UBS Asset Management Americas Inc. grew its position in shares of Capital One Financial by 82.9% in the 1st quarter. UBS Asset Management Americas Inc. now owns 3,672,283 shares of the financial services provider’s stock worth $467,225,000 after buying an additional 1,664,114 shares during the period. Fisher Asset Management LLC grew its position in shares of Capital One Financial by 32.5% in the 2nd quarter. Fisher Asset Management LLC now owns 4,013,284 shares of the financial services provider’s stock worth $620,815,000 after buying an additional 983,352 shares during the period. Finally, Morgan Stanley grew its position in shares of Capital One Financial by 62.7% in the 1st quarter. Morgan Stanley now owns 2,453,381 shares of the financial services provider’s stock worth $312,144,000 after buying an additional 945,092 shares during the period. 88.51% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Company Profile

Capital One Financial Corp. operates as a financial holding company. The firm engages in the provision of financial products and services. It operates through the following segments: Credit Card, Consumer Banking and Commercial Banking. The Credit Card segment offers domestic consumer and small business card lending, and international card lending businesses.

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Analyst Recommendations for Capital One Financial (NYSE:COF)

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