Capital One Financial (NYSE:COF) Price Target Cut to $235.00 by Analysts at JPMorgan Chase & Co.

Capital One Financial (NYSE:COF) had its price objective cut by JPMorgan Chase & Co. from $248.00 to $235.00 in a report issued on Tuesday morning,Benzinga reports. They currently have a neutral rating on the financial services provider’s stock.

A number of other brokerages also recently commented on COF. Deutsche Bank Aktiengesellschaft lifted their target price on Capital One Financial from $215.00 to $224.00 and gave the company a “hold” rating in a research note on Thursday, October 2nd. Wells Fargo & Company boosted their price objective on Capital One Financial from $225.00 to $265.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Wall Street Zen upgraded Capital One Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. Keefe, Bruyette & Woods raised their target price on Capital One Financial from $248.00 to $260.00 and gave the company an “outperform” rating in a research note on Wednesday, July 23rd. Finally, Royal Bank Of Canada increased their price objective on shares of Capital One Financial from $240.00 to $255.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 23rd. Three research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $250.44.

Capital One Financial Stock Performance

Capital One Financial stock opened at $213.39 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. Capital One Financial has a 12 month low of $143.22 and a 12 month high of $232.45. The company has a fifty day moving average price of $219.29 and a two-hundred day moving average price of $201.70. The company has a market cap of $136.46 billion, a PE ratio of 109.43, a P/E/G ratio of 0.79 and a beta of 1.18.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. During the same period last year, the company posted $3.14 earnings per share. The firm’s revenue for the quarter was up 31.4% on a year-over-year basis. Research analysts expect that Capital One Financial will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, August 15th. Capital One Financial’s payout ratio is 123.08%.

Insider Activity at Capital One Financial

In related news, CAO Timothy P. Golden sold 3,462 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total transaction of $727,989.36. Following the transaction, the chief accounting officer owned 8,987 shares in the company, valued at $1,889,786.36. This trade represents a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Zamsky sold 5,515 shares of the business’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $209.59, for a total value of $1,155,888.85. Following the sale, the insider directly owned 27,364 shares in the company, valued at approximately $5,735,220.76. The trade was a 16.77% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,298 shares of company stock valued at $5,103,824. Insiders own 1.26% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. WPG Advisers LLC purchased a new stake in Capital One Financial during the first quarter valued at about $25,000. Moisand Fitzgerald Tamayo LLC raised its holdings in shares of Capital One Financial by 103.3% during the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 62 shares during the period. Olistico Wealth LLC lifted its position in shares of Capital One Financial by 439.1% in the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 101 shares in the last quarter. Saudi Central Bank purchased a new stake in shares of Capital One Financial in the 1st quarter valued at approximately $27,000. Finally, RMG Wealth Management LLC acquired a new position in Capital One Financial in the 2nd quarter worth approximately $27,000. Institutional investors own 89.84% of the company’s stock.

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.