Capital One Financial (NYSE:COF) Sets New 1-Year High After Analyst Upgrade

Capital One Financial Corporation (NYSE:COF) reached a new 52-week high on Thursday after JPMorgan Chase & Co. raised their price target on the stock from $183.00 to $210.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Capital One Financial traded as high as $210.91 and last traded at $209.71, with a volume of 188508 shares trading hands. The stock had previously closed at $208.03.

COF has been the subject of a number of other research reports. Truist Financial boosted their price target on Capital One Financial from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, April 25th. Royal Bank Of Canada set a $190.00 price objective on shares of Capital One Financial and gave the company a “sector perform” rating in a research note on Monday, April 14th. Bank of America boosted their price objective on shares of Capital One Financial from $223.00 to $233.00 and gave the company a “buy” rating in a research report on Wednesday, May 21st. Barclays reaffirmed an “overweight” rating and issued a $253.00 target price (up previously from $212.00) on shares of Capital One Financial in a report on Monday. Finally, BTIG Research upgraded Capital One Financial from a “neutral” rating to a “buy” rating and set a $208.00 price target on the stock in a research note on Tuesday, March 25th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $215.86.

Insider Activity at Capital One Financial

In other news, insider Michael Zamsky sold 9,560 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $199.40, for a total value of $1,906,264.00. Following the completion of the sale, the insider now owns 20,089 shares of the company’s stock, valued at approximately $4,005,746.60. This represents a 32.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ann F. Hackett sold 1,658 shares of the firm’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $198.70, for a total value of $329,444.60. Following the transaction, the director now owns 56,244 shares of the company’s stock, valued at $11,175,682.80. This trade represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.

Institutional Trading of Capital One Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in COF. Norden Group LLC boosted its stake in shares of Capital One Financial by 2.6% in the 4th quarter. Norden Group LLC now owns 2,010 shares of the financial services provider’s stock valued at $358,000 after purchasing an additional 51 shares during the last quarter. TFB Advisors LLC lifted its holdings in Capital One Financial by 3.4% in the first quarter. TFB Advisors LLC now owns 1,539 shares of the financial services provider’s stock valued at $276,000 after buying an additional 51 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its position in Capital One Financial by 0.9% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,117 shares of the financial services provider’s stock valued at $1,097,000 after acquiring an additional 53 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in Capital One Financial by 1.0% during the 4th quarter. Quadrant Capital Group LLC now owns 5,247 shares of the financial services provider’s stock worth $936,000 after acquiring an additional 54 shares during the period. Finally, Family Legacy Inc. grew its holdings in Capital One Financial by 0.8% during the 4th quarter. Family Legacy Inc. now owns 7,980 shares of the financial services provider’s stock worth $1,438,000 after acquiring an additional 60 shares during the period. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Stock Performance

The stock has a market capitalization of $80.82 billion, a P/E ratio of 17.71, a price-to-earnings-growth ratio of 0.91 and a beta of 1.13. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.65. The company has a 50-day moving average price of $191.24 and a two-hundred day moving average price of $186.22.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 EPS for the quarter, topping the consensus estimate of $3.75 by $0.31. Capital One Financial had a return on equity of 9.63% and a net margin of 9.65%. The business had revenue of $10 billion during the quarter, compared to analysts’ expectations of $10.07 billion. On average, equities analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd were paid a $0.60 dividend. The ex-dividend date was Friday, May 23rd. This represents a $2.40 annualized dividend and a dividend yield of 1.14%. Capital One Financial’s dividend payout ratio is currently 20.15%.

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.