Capital One Financial (NYSE:COF) Price Target Raised to $257.00

Capital One Financial (NYSE:COF) had its target price upped by Truist Financial from $229.00 to $257.00 in a research note published on Monday,Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

A number of other analysts have also recently commented on COF. Wells Fargo & Company lifted their target price on shares of Capital One Financial from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Royal Bank of Canada boosted their price objective on shares of Capital One Financial from $190.00 to $200.00 and gave the company a “sector perform” rating in a report on Wednesday, January 22nd. Evercore ISI upped their target price on Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Hsbc Global Res raised Capital One Financial from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, Robert W. Baird boosted their price target on Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $196.31.

Capital One Financial Price Performance

NYSE COF opened at $204.19 on Monday. Capital One Financial has a 12-month low of $128.23 and a 12-month high of $207.24. The firm’s fifty day simple moving average is $185.91 and its two-hundred day simple moving average is $163.69. The company has a current ratio of 0.98, a quick ratio of 1.00 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $77.84 billion, a P/E ratio of 17.62, a P/E/G ratio of 1.29 and a beta of 1.46.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.31. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The company had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same period in the prior year, the company posted $2.81 EPS. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. Analysts forecast that Capital One Financial will post 15.22 EPS 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 given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Thursday, November 14th. Capital One Financial’s dividend payout ratio (DPR) is presently 20.71%.

Insider Buying and Selling

In other Capital One Financial news, insider Kara West sold 721 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $184.73, for a total transaction of $133,190.33. Following the completion of the transaction, the insider now directly owns 12,929 shares in the company, valued at approximately $2,388,374.17. This represents a 5.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Michael Zamsky sold 10,541 shares of Capital One Financial stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the completion of the sale, the insider now owns 26,482 shares in the company, valued at approximately $5,038,465.32. This trade represents a 28.47 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,256 shares of company stock valued at $2,462,487. 1.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Capital One Financial

Several institutional investors have recently bought and sold shares of the company. Decker Retirement Planning Inc. purchased a new stake in shares of Capital One Financial during the fourth quarter worth approximately $32,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Capital One Financial during the third quarter worth $36,000. Creative Financial Designs Inc. ADV raised its position in shares of Capital One Financial by 135.0% in the third quarter. Creative Financial Designs Inc. ADV now owns 289 shares of the financial services provider’s stock valued at $43,000 after buying an additional 166 shares during the last quarter. Eastern Bank purchased a new position in shares of Capital One Financial in the third quarter worth about $44,000. Finally, Prospera Private Wealth LLC acquired a new position in Capital One Financial during the third quarter worth about $47,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

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.