Capital One Financial (NYSE:COF) Cut to “Hold” at Zacks Research

Zacks Research cut shares of Capital One Financial (NYSE:COF) from a strong-buy rating to a hold rating in a research report released on Monday morning,Zacks.com reports.

Other research analysts have also issued reports about the stock. Barclays increased their target price on shares of Capital One Financial from $257.00 to $271.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. TD Cowen upped their price objective on shares of Capital One Financial from $258.00 to $261.00 and gave the company a “buy” rating in a report on Monday, October 6th. Morgan Stanley raised their target price on Capital One Financial from $267.00 to $272.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Wall Street Zen raised Capital One Financial from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. Finally, Robert W. Baird upped their price target on Capital One Financial from $245.00 to $270.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $261.63.

Capital One Financial Trading Up 1.5%

NYSE COF opened at $217.60 on Monday. The stock has a market capitalization of $138.33 billion, a P/E ratio of 91.81, a P/E/G ratio of 0.70 and a beta of 1.19. The business has a 50 day simple moving average of $216.00 and a 200 day simple moving average of $212.14. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03. Capital One Financial has a one year low of $143.22 and a one year high of $232.45.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Monday, November 3rd. The financial services provider reported $5.95 earnings per share (EPS) for the quarter. The firm had revenue of $15.46 billion for the quarter. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%. Research analysts expect that Capital One Financial will post 15.65 earnings per share for the current year.

Capital One Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $3.20 dividend on an annualized basis and a yield of 1.5%. This is an increase from Capital One Financial’s previous quarterly dividend of $0.60. Capital One Financial’s dividend payout ratio is presently 135.02%.

Insider Buying and Selling

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $219.41, for a total value of $438,820.00. Following the transaction, the general counsel owned 96,486 shares in the company, valued at $21,169,993.26. This trade represents a 2.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Frank G. LapradeIii sold 17,840 shares of Capital One Financial stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $222.03, for a total value of $3,961,015.20. Following the transaction, the insider directly owned 48,315 shares in the company, valued at approximately $10,727,379.45. The trade was a 26.97% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 274,013 shares of company stock valued at $61,045,903. 1.26% of the stock is owned by company insiders.

Institutional Trading of Capital One Financial

Several institutional investors have recently made changes to their positions in COF. Earned Wealth Advisors LLC bought a new position in Capital One Financial during the second quarter valued at $254,000. Plancorp LLC purchased a new position in shares of Capital One Financial during the 2nd quarter worth about $272,000. Smith Chas P & Associates PA Cpas grew its holdings in Capital One Financial by 1,490.0% during the 2nd quarter. Smith Chas P & Associates PA Cpas now owns 43,486 shares of the financial services provider’s stock valued at $9,252,000 after purchasing an additional 40,751 shares during the last quarter. Callodine Capital Management LP raised its position in Capital One Financial by 200.0% in the 1st quarter. Callodine Capital Management LP now owns 150,000 shares of the financial services provider’s stock worth $26,895,000 after purchasing an additional 100,000 shares during the period. Finally, Flagship Harbor Advisors LLC raised its position in Capital One Financial by 111.8% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 2,510 shares of the financial services provider’s stock worth $534,000 after purchasing an additional 1,325 shares during the period. 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.