Capital One Financial (NYSE:COF) Earns Buy Rating from Analysts at Citigroup

Citigroup initiated coverage on shares of Capital One Financial (NYSE:COF) in a research report sent to investors on Friday, Benzinga reports. The firm issued a buy rating and a $190.00 price target on the financial services provider’s stock.

A number of other brokerages also recently issued reports on COF. JPMorgan Chase & Co. boosted their price objective on Capital One Financial from $148.00 to $155.00 and gave the company a neutral rating in a research note on Monday, July 8th. Evercore ISI reduced their price objective on shares of Capital One Financial from $155.00 to $154.00 and set an in-line rating for the company in a research note on Tuesday, June 25th. BTIG Research started coverage on shares of Capital One Financial in a research note on Friday, June 7th. They set a neutral rating on the stock. Royal Bank of Canada reiterated a sector perform rating and issued a $150.00 price target on shares of Capital One Financial in a research note on Thursday, July 25th. Finally, Bank of America boosted their price objective on Capital One Financial from $158.00 to $161.00 and gave the company a buy rating in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Capital One Financial presently has a consensus rating of Hold and a consensus target price of $147.21.

Capital One Financial Trading Down 0.5 %

Shares of Capital One Financial stock opened at $152.28 on Friday. Capital One Financial has a 1-year low of $88.23 and a 1-year high of $153.36. The company’s fifty day simple moving average is $142.56 and its 200-day simple moving average is $140.94. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $57.90 billion, a PE ratio of 11.92, a P/E/G ratio of 1.08 and a beta of 1.44.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share for the quarter, missing the consensus estimate of $3.28 by ($0.14). The company had revenue of $9.51 billion for the quarter, compared to analysts’ expectations of $9.57 billion. Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. Capital One Financial’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $3.52 earnings per share. As a group, equities analysts anticipate that Capital One Financial will post 13.1 earnings per share for the current year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.58%. The ex-dividend date was Monday, August 12th. Capital One Financial’s dividend payout ratio is 18.79%.

Insider Buying and Selling

In other Capital One Financial news, CEO Kevin S. Borgmann sold 61,532 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the sale, the chief executive officer now directly owns 40,934 shares in the company, valued at $5,438,491.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Kevin S. Borgmann sold 61,532 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the transaction, the chief executive officer now owns 40,934 shares of the company’s stock, valued at approximately $5,438,491.24. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Robert M. Alexander sold 30,742 shares of the firm’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total value of $4,611,300.00. Following the completion of the sale, the insider now owns 73,734 shares of the company’s stock, valued at $11,060,100. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

Institutional Trading of Capital One Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Silicon Valley Capital Partners purchased a new stake in shares of Capital One Financial in the first quarter worth approximately $25,000. LRI Investments LLC purchased a new stake in Capital One Financial in the first quarter worth $25,000. Y.D. More Investments Ltd bought a new stake in shares of Capital One Financial during the second quarter worth $28,000. Hobbs Group Advisors LLC purchased a new stake in shares of Capital One Financial during the second quarter valued at $29,000. Finally, Bartlett & CO. Wealth Management LLC grew its holdings in shares of Capital One Financial by 726.7% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 248 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 218 shares during the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Company Profile

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.