Capital One Financial Corporation (NYSE:COF) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Capital One Financial Corporation (NYSE:COF) have earned an average rating of “Moderate Buy” from the twenty-four ratings firms that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and twenty-one have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $258.9091.

Several research firms recently commented on COF. TD Cowen lowered their target price on Capital One Financial from $260.00 to $253.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. HSBC upgraded Capital One Financial from a “hold” rating to a “buy” rating and boosted their price target for the stock from $226.00 to $229.00 in a research report on Sunday, July 12th. JPMorgan Chase & Co. raised their price target on Capital One Financial from $215.00 to $245.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Weiss Ratings raised Capital One Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. Finally, Citigroup cut their price objective on shares of Capital One Financial from $310.00 to $295.00 and set a “buy” rating on the stock in a research note on Tuesday, July 28th.

Capital One Financial Price Performance

Shares of NYSE:COF opened at $215.81 on Monday. The firm’s 50 day moving average is $210.32 and its two-hundred day moving average is $197.82. Capital One Financial has a 52 week low of $174.24 and a 52 week high of $259.64. The firm has a market capitalization of $132.40 billion, a P/E ratio of 13.35, a PEG ratio of 0.79 and a beta of 1.02. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, beating analysts’ consensus estimates of $4.79 by $1.02. The company had revenue of $15.83 billion for the quarter, compared to analysts’ expectations of $15.76 billion. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The business’s revenue for the quarter was up 26.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.48 earnings per share. Analysts anticipate that Capital One Financial will post 20.29 earnings per share for the current year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.20 annualized dividend and a yield of 1.5%. Capital One Financial’s dividend payout ratio (DPR) is presently 19.80%.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Celia Karam sold 1,888 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $225.52, for a total transaction of $425,781.76. Following the sale, the insider directly owned 59,708 shares in the company, valued at approximately $13,465,348.16. The trade was a 3.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Timothy P. Golden sold 3,487 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $211.00, for a total transaction of $735,757.00. Following the completion of the sale, the chief accounting officer directly owned 7,429 shares of the company’s stock, valued at approximately $1,567,519. This represents a 31.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 26,267 shares of company stock worth $5,617,648 in the last three months. Insiders own 0.78% of the company’s stock.

Institutional Investors Weigh In On Capital One Financial

A number of institutional investors have recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. increased its position in shares of Capital One Financial by 529.4% during the 4th quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 90 shares during the period. Solstein Capital LLC acquired a new stake in shares of Capital One Financial in the second quarter valued at $26,000. VSM Wealth Advisory LLC acquired a new stake in shares of Capital One Financial in the fourth quarter valued at $27,000. Cherry Tree Wealth Management LLC boosted its stake in Capital One Financial by 1,312.5% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock valued at $27,000 after buying an additional 105 shares in the last quarter. Finally, Ballast Advisors LLC bought a new position in Capital One Financial during the first quarter valued at about $27,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Company Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.