Keefe, Bruyette & Woods Issues Positive Forecast for Capital One Financial (NYSE:COF) Stock Price

Capital One Financial (NYSE:COF) had its price target upped by Keefe, Bruyette & Woods from $260.00 to $290.00 in a report issued on Friday, Marketbeat Ratings reports. Keefe, Bruyette & Woods currently has an outperform rating on the financial services provider’s stock.

Other equities analysts have also recently issued research reports about the company. Morgan Stanley reaffirmed an “overweight” rating and issued a $280.00 target price on shares of Capital One Financial in a report on Tuesday, December 16th. Wolfe Research started coverage on Capital One Financial in a report on Monday, December 8th. They set an “outperform” rating and a $270.00 price target on the stock. BTIG Research raised their price objective on shares of Capital One Financial from $264.00 to $308.00 and gave the company a “buy” rating in a report on Friday, December 26th. JPMorgan Chase & Co. lifted their target price on shares of Capital One Financial from $235.00 to $237.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Finally, HSBC upped their price target on shares of Capital One Financial from $218.00 to $234.00 and gave the company a “hold” rating in a research report on Thursday, October 23rd. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $269.95.

Capital One Financial Price Performance

COF stock opened at $247.74 on Friday. The stock has a market cap of $157.50 billion, a price-to-earnings ratio of 104.53, a P/E/G ratio of 0.55 and a beta of 1.16. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03. The company has a 50 day simple moving average of $227.17 and a 200 day simple moving average of $220.12. Capital One Financial has a 1 year low of $143.22 and a 1 year high of $249.74.

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

Capital One Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were given a $0.80 dividend. This is an increase from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date was Monday, November 17th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.3%. Capital One Financial’s dividend payout ratio is presently 135.02%.

Insider Activity at Capital One Financial

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $221.54, for a total transaction of $443,080.00. Following the completion of the transaction, the general counsel owned 94,486 shares of the company’s stock, valued at $20,932,428.44. This trade represents a 2.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lia Dean sold 3,269 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $218.15, for a total transaction of $713,132.35. Following the completion of the transaction, the insider owned 69,855 shares in the company, valued at approximately $15,238,868.25. The trade was a 4.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 278,218 shares of company stock valued at $61,971,824 over the last 90 days. 1.26% of the stock is owned by company insiders.

Institutional Investors Weigh In On Capital One Financial

Large investors have recently added to or reduced their stakes in the business. Earned Wealth Advisors LLC purchased a new stake in Capital One Financial during the second quarter valued at approximately $254,000. Plancorp LLC purchased a new stake in Capital One Financial during the 2nd quarter valued at $272,000. CIBC Asset Management Inc lifted its position in Capital One Financial by 53.9% in the second quarter. CIBC Asset Management Inc now owns 88,505 shares of the financial services provider’s stock worth $18,830,000 after buying an additional 30,991 shares during the last quarter. Smith Chas P & Associates PA Cpas increased its position in Capital One Financial by 1,490.0% during the second 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 acquiring an additional 40,751 shares during the last quarter. Finally, Montecito Bank & Trust bought a new position in Capital One Financial during the third quarter valued at $647,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

About Capital One Financial

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.