Capital One Financial (NYSE:COF) Price Target Cut to $266.00 by Analysts at UBS Group

Capital One Financial (NYSE:COF) had its price target cut by UBS Group from $270.00 to $266.00 in a research note issued to investors on Tuesday, Marketbeat reports. They currently have a buy rating on the financial services provider’s stock.

A number of other research analysts also recently commented on the company. Wall Street Zen raised Capital One Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. JPMorgan Chase & Co. dropped their price target on Capital One Financial from $248.00 to $235.00 and set a “neutral” rating for the company in a research note on Tuesday. Morgan Stanley boosted their price target on Capital One Financial from $261.00 to $267.00 and gave the company an “overweight” rating in a research note on Monday, September 29th. Citigroup boosted their price target on Capital One Financial from $250.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Finally, The Goldman Sachs Group dropped their price target on Capital One Financial from $276.00 to $266.00 and set a “buy” rating for the company in a research note on Friday, October 3rd. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $250.44.

Capital One Financial Trading Down 0.2%

Shares of Capital One Financial stock opened at $213.39 on Tuesday. The firm has a 50-day moving average of $219.29 and a 200-day moving average of $201.70. The stock has a market cap of $136.46 billion, a PE ratio of 109.43, a PEG ratio of 0.79 and a beta of 1.18. Capital One Financial has a 52-week low of $143.22 and a 52-week high of $232.45. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion during the quarter, compared to the consensus estimate of $12.72 billion. The company’s revenue was up 31.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.14 EPS. As a group, sell-side analysts forecast that Capital One Financial will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were paid a $0.60 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. Capital One Financial’s dividend payout ratio is currently 123.08%.

Insider Transactions at Capital One Financial

In related news, insider Robert M. Alexander sold 10,114 shares of the company’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total value of $2,304,576.04. Following the sale, the insider directly owned 68,707 shares in the company, valued at $15,655,577.02. This represents a 12.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Timothy P. Golden sold 3,462 shares of the company’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 value of $727,989.36. Following the completion of the sale, the chief accounting officer owned 8,987 shares in the company, valued at $1,889,786.36. The trade was a 27.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,298 shares of company stock worth $5,103,824. 1.26% of the stock is owned by corporate insiders.

Institutional Trading of Capital One Financial

Several institutional investors have recently added to or reduced their stakes in the stock. Kingstone Capital Partners Texas LLC boosted its holdings in shares of Capital One Financial by 588,668.3% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock worth $24,988,129,000 after buying an additional 117,427,549 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Capital One Financial by 74.8% during the 2nd quarter. Vanguard Group Inc. now owns 56,380,913 shares of the financial services provider’s stock worth $11,995,603,000 after buying an additional 24,129,990 shares in the last quarter. State Street Corp boosted its holdings in shares of Capital One Financial by 63.4% during the 2nd 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 in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Capital One Financial by 64.1% during the 2nd quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider’s stock worth $2,970,628,000 after buying an additional 5,474,328 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Capital One Financial during the 2nd quarter worth approximately $1,701,511,000. 89.84% of the stock is currently owned by institutional investors.

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.