Capital One Financial Co. (NYSE:COF) Receives Consensus Rating of “Moderate Buy” from Brokerages

Capital One Financial Co. (NYSE:COF) has been given an average rating of “Moderate Buy” by the eighteen brokerages that are currently covering the company, MarketBeat.com reports. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $188.06.

A number of analysts recently weighed in on COF shares. The Goldman Sachs Group boosted their target price on Capital One Financial from $182.00 to $205.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. boosted their target price on Capital One Financial from $162.00 to $186.00 and gave the stock a “neutral” rating in a research report on Monday, December 9th. Bank of America downgraded Capital One Financial from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $203.00 to $200.00 in a research report on Monday, December 9th. Truist Financial started coverage on Capital One Financial in a research report on Tuesday, January 7th. They issued a “buy” rating and a $229.00 target price for the company. Finally, Royal Bank of Canada boosted their target price on Capital One Financial from $150.00 to $160.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th.

Capital One Financial Stock Up 2.4 %

Shares of NYSE COF opened at $184.62 on Wednesday. Capital One Financial has a 12 month low of $123.23 and a 12 month high of $198.30. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $70.38 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 1.36 and a beta of 1.46. The business has a 50-day moving average of $183.63 and a 200-day moving average of $159.54.

Capital One Financial (NYSE:COF) last released its earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, topping analysts’ consensus estimates of $3.70 by $0.81. The company had revenue of $10 billion during the quarter, compared to the consensus estimate of $9.88 billion. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. Capital One Financial’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.45 EPS. Sell-side analysts expect that Capital One Financial will post 13.54 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $2.40 annualized dividend and a dividend yield of 1.30%. Capital One Financial’s dividend payout ratio (DPR) is presently 22.66%.

Insider Activity

In other news, insider Frank G. LapradeIii sold 15,751 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $160.00, for a total transaction of $2,520,160.00. Following the transaction, the insider now directly owns 44,711 shares of the company’s stock, valued at approximately $7,153,760. The trade was a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Zamsky sold 10,541 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total value of $2,005,530.66. Following the transaction, the insider now directly owns 26,482 shares in the company, valued at $5,038,465.32. This trade represents a 28.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,007 shares of company stock valued at $4,982,647. Company insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Capital One Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. USA Financial Formulas purchased a new stake in Capital One Financial in the fourth quarter worth $242,000. Meridian Financial Partners LLC grew its stake in Capital One Financial by 1.6% in the fourth quarter. Meridian Financial Partners LLC now owns 5,547 shares of the financial services provider’s stock worth $989,000 after purchasing an additional 88 shares during the period. Park Avenue Securities LLC grew its stake in Capital One Financial by 20.0% in the fourth quarter. Park Avenue Securities LLC now owns 24,679 shares of the financial services provider’s stock worth $4,401,000 after purchasing an additional 4,119 shares during the period. Kathmere Capital Management LLC grew its stake in Capital One Financial by 5.4% in the fourth quarter. Kathmere Capital Management LLC now owns 3,525 shares of the financial services provider’s stock worth $629,000 after purchasing an additional 182 shares during the period. Finally, Rockland Trust Co. purchased a new stake in Capital One Financial in the fourth quarter worth $387,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

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.