Brokerages Set Capital One Financial Corporation (NYSE:COF) Target Price at $274.45

Shares of Capital One Financial Corporation (NYSE:COF) have been given a consensus rating of “Moderate Buy” by the twenty-two ratings firms that are currently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation, fifteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $267.25.

COF has been the subject of several analyst reports. HSBC lowered their price objective on Capital One Financial from $234.00 to $226.00 and set a “hold” rating for the company in a research report on Tuesday, January 20th. Wall Street Zen cut Capital One Financial from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Citigroup upped their price objective on Capital One Financial from $290.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, December 31st. The Goldman Sachs Group lowered their price objective on Capital One Financial from $300.00 to $260.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Wolfe Research lowered their price objective on Capital One Financial from $294.00 to $280.00 and set an “outperform” rating for the company in a research report on Friday, January 23rd.

Get Our Latest Report on COF

Capital One Financial Trading Down 1.6%

COF opened at $181.29 on Friday. Capital One Financial has a 12 month low of $147.30 and a 12 month high of $259.64. The stock has a market capitalization of $112.75 billion, a price-to-earnings ratio of 61.25, a PEG ratio of 0.56 and a beta of 1.14. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.04 and a quick ratio of 1.04. The business has a fifty day moving average price of $196.81 and a 200 day moving average price of $215.67.

Capital One Financial (NYSE:COFGet Free Report) last released its earnings results on Thursday, January 22nd. The financial services provider reported $3.86 EPS for the quarter, missing the consensus estimate of $4.14 by ($0.28). Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.The company had revenue of $15.62 billion for the quarter, compared to analyst estimates of $15.49 billion. During the same period in the previous year, the firm earned $2.67 earnings per share. The company’s revenue for the quarter was up 53.3% compared to the same quarter last year. Sell-side analysts expect that Capital One Financial will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 19th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Thursday, February 19th. Capital One Financial’s dividend payout ratio is currently 108.11%.

Insiders Place Their Bets

In other news, insider Celia Karam sold 2,108 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $218.25, for a total transaction of $460,071.00. Following the completion of the transaction, the insider directly owned 59,269 shares of the company’s stock, valued at approximately $12,935,459.25. This represents a 3.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Lia Dean sold 3,284 shares of the company’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $223.68, for a total value of $734,565.12. Following the transaction, the insider directly owned 70,162 shares of the company’s stock, valued at approximately $15,693,836.16. This represents a 4.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 50,047 shares of company stock valued at $9,742,217. 1.26% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Capital One Financial by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 56,897,238 shares of the financial services provider’s stock worth $13,789,615,000 after buying an additional 360,071 shares during the period. State Street Corp increased its position in Capital One Financial by 63.4% during the second quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock worth $5,910,500,000 after buying an additional 10,776,843 shares during the period. Franklin Resources Inc. increased its position in Capital One Financial by 5.4% during the fourth quarter. Franklin Resources Inc. now owns 12,476,462 shares of the financial services provider’s stock worth $3,023,795,000 after buying an additional 638,158 shares during the period. Morgan Stanley increased its position in Capital One Financial by 3.9% during the fourth quarter. Morgan Stanley now owns 8,677,981 shares of the financial services provider’s stock worth $2,103,196,000 after buying an additional 323,350 shares during the period. Finally, Norges Bank acquired a new position in Capital One Financial during the fourth quarter worth approximately $2,089,803,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial News Summary

Here are the key news stories impacting Capital One Financial this week:

About Capital One Financial

(Get Free Report)

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.

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Analyst Recommendations for Capital One Financial (NYSE:COF)

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