Capital One Financial (NYSE:COF) Stock Price Target Lowered at Citigroup

Capital One Financial (NYSE:COF) had its target price decreased by Citigroup from $295.00 to $280.00 in a report released on Tuesday morning.

Other equities research analysts also recently issued research reports about the stock. Wolfe Research increased their target price on shares of Capital One Financial from $255.00 to $275.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 25th. Bank of America dropped their price target on shares of Capital One Financial from $234.00 to $231.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Piper Sandler boosted their target price on Capital One Financial from $254.00 to $260.00 and gave the company an “overweight” rating in a research note on Monday. TD Cowen dropped 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. Finally, JPMorgan Chase & Co. upped their target price on Capital One Financial from $215.00 to $245.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Twenty-one equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Capital One Financial has a consensus rating of “Moderate Buy” and an average target price of $258.50.

Capital One Financial Price Performance

NYSE COF opened at $196.65 on Tuesday. The company has a 50 day simple moving average of $211.85 and a 200-day simple moving average of $198.90. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market capitalization of $120.64 billion, a price-to-earnings ratio of 12.17, a price-to-earnings-growth ratio of 0.72 and a beta of 1.02. Capital One Financial has a 52-week low of $174.24 and a 52-week high of $259.64.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, topping the consensus estimate of $4.79 by $1.02. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The business had revenue of $15.83 billion during the quarter, compared to analysts’ expectations of $15.76 billion. During the same period last year, the company posted $5.48 earnings per share. The firm’s quarterly revenue was up 26.9% compared to the same quarter last year. Equities research analysts predict that Capital One Financial will post 20.3 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were paid a dividend of $0.80 per share. The ex-dividend date was Monday, August 17th. This represents a $3.20 annualized dividend and a dividend yield of 1.6%. Capital One Financial’s dividend payout ratio is 19.80%.

Insider Buying and Selling at Capital One Financial

In related news, General Counsel Matthew Cooper sold 3,500 shares of Capital One Financial stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $214.10, for a total value of $749,350.00. Following the completion of the sale, the general counsel owned 83,194 shares of the company’s stock, valued at approximately $17,811,835.40. The trade was a 4.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lia Dean sold 2,193 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $225.52, for a total transaction of $494,565.36. Following the completion of the sale, the insider owned 63,261 shares of the company’s stock, valued at $14,266,620.72. This represents a 3.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 33,850 shares of company stock worth $7,208,382 in the last ninety days. Company insiders own 0.78% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. State Street Corp boosted its position in Capital One Financial by 107.9% during the second quarter. State Street Corp now owns 57,278,732 shares of the financial services provider’s stock worth $11,491,259,000 after purchasing an additional 29,724,829 shares during the period. Bank of America Corp DE bought a new position in shares of Capital One Financial in the second quarter valued at approximately $1,435,311,000. Legal & General Group Plc bought a new position in shares of Capital One Financial in the second quarter valued at approximately $680,983,000. Berkshire Hathaway Inc acquired a new stake in shares of Capital One Financial in the second quarter worth $601,860,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Capital One Financial in the second quarter worth $482,718,000. 89.84% of the stock is owned by institutional investors.

About Capital One Financial

Capital One Financial Corp. is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company provides credit cards, consumer banking products, auto financing and commercial banking services through its Capital One brand.

Capital One offers credit cards for consumers and businesses, checking and savings accounts, certificates of deposit, personal loans and auto loans. Its commercial banking operations serve businesses, institutions and commercial real estate clients with lending, deposit, treasury management and other financial services.

Capital One primarily serves customers in the United States, with additional operations in Canada and the United Kingdom.