Capital One Financial (NYSE:COF) Price Target Raised to $275.00

Capital One Financial (NYSE:COF) had its price objective hoisted by Citigroup from $250.00 to $275.00 in a research report report published on Thursday morning,Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

COF has been the subject of several other research reports. Bank of America boosted their price objective on Capital One Financial from $223.00 to $233.00 and gave the stock a “buy” rating in a research report on Wednesday, May 21st. Wells Fargo & Company boosted their target price on Capital One Financial from $210.00 to $225.00 and gave the stock an “overweight” rating in a report on Thursday, April 24th. Keefe, Bruyette & Woods raised their price objective on shares of Capital One Financial from $248.00 to $260.00 and gave the company an “outperform” rating in a research report on Wednesday. Royal Bank Of Canada raised their price objective on shares of Capital One Financial from $240.00 to $255.00 and gave the company a “sector perform” rating in a research report on Wednesday. Finally, Wall Street Zen upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating in a research report on Friday, July 18th. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $233.07.

Capital One Financial Stock Performance

Shares of COF opened at $212.61 on Thursday. The stock has a market cap of $81.46 billion, a price-to-earnings ratio of 109.03, a PEG ratio of 0.86 and a beta of 1.15. Capital One Financial has a one year low of $128.23 and a one year high of $232.45. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 0.97. The company has a 50-day moving average of $204.67 and a two-hundred day moving average of $191.55.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. The firm’s quarterly revenue was up 31.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.14 earnings per share. On average, equities research analysts expect that Capital One Financial will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Friday, May 23rd were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend was Friday, May 23rd. Capital One Financial’s dividend payout ratio is presently 123.08%.

Insider Activity at Capital One Financial

In related news, insider Michael Zamsky sold 9,560 shares of the firm’s stock in a transaction dated Monday, May 12th. The shares were 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 directly owned 20,089 shares in the company, valued at approximately $4,005,746.60. This trade represents a 32.24% decrease in their position. The sale was disclosed in a document filed 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 shares were sold at an average price of $198.70, for a total transaction of $329,444.60. Following the completion of the sale, the director owned 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. Over the last quarter, insiders have sold 21,332 shares of company stock valued at $4,540,285. 1.26% of the stock is owned by insiders.

Institutional Investors Weigh In On Capital One Financial

Several hedge funds have recently bought and sold shares of COF. Moisand Fitzgerald Tamayo LLC grew its stake in Capital One Financial by 103.3% in the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock valued at $26,000 after buying an additional 62 shares during the last quarter. Olistico Wealth LLC raised its stake in Capital One Financial by 439.1% during the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 101 shares in the last quarter. RMG Wealth Management LLC acquired a new stake in Capital One Financial in the second quarter valued at approximately $27,000. Signature Resources Capital Management LLC acquired a new stake in Capital One Financial during the 2nd quarter worth approximately $28,000. Finally, WPG Advisers LLC acquired a new stake in shares of Capital One Financial in the first quarter valued at about $25,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Company Profile

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.