Capital One Financial (NYSE:COF) Price Target Cut to $222.00 by Analysts at Evercore

Capital One Financial (NYSE:COF) had its price objective cut by Evercore from $265.00 to $222.00 in a research report report published on Monday morning,MarketScreener reports. They currently have an outperform rating on the financial services provider’s stock.

A number of other research firms have also issued reports on COF. Citigroup boosted their target price on Capital One Financial from $290.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, December 31st. Royal Bank Of Canada reissued a “sector perform” rating and issued a $275.00 target price on shares of Capital One Financial in a report on Monday, January 12th. Wall Street Zen lowered Capital One Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Wells Fargo & Company upped their price objective on Capital One Financial from $265.00 to $280.00 and gave the stock an “overweight” rating in a report on Monday, January 5th. Finally, TD Cowen dropped their price objective on Capital One Financial from $290.00 to $260.00 and set a “buy” rating on the stock in a report on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $269.25.

Capital One Financial Trading Up 1.1%

NYSE:COF opened at $183.95 on Monday. The firm has a market cap of $114.40 billion, a P/E ratio of 62.14, a PEG ratio of 0.56 and a beta of 1.14. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.44. The stock’s 50 day simple moving average is $197.52 and its 200-day simple moving average is $216.00. Capital One Financial has a 12-month low of $143.22 and a 12-month high of $259.64.

Capital One Financial (NYSE:COF) last released its earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.28). The company had revenue of $15.62 billion during the quarter, compared to analyst estimates of $15.49 billion. Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. The company’s revenue for the quarter was up 53.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.67 EPS. Equities analysts anticipate that Capital One Financial will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 19th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Thursday, February 19th. Capital One Financial’s dividend payout ratio is currently 108.11%.

Insiders Place Their Bets

In related news, insider Lia Dean sold 3,284 shares of the company’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $223.68, for a total transaction of $734,565.12. Following the transaction, the insider owned 70,162 shares of the company’s stock, valued at $15,693,836.16. This represents a 4.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Neal Blinde sold 38,135 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $190.51, for a total value of $7,265,098.85. Following the transaction, the insider directly owned 33,551 shares in the company, valued at $6,391,801.01. This represents a 53.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 50,047 shares of company stock worth $9,742,217. Insiders own 1.26% of the company’s stock.

Institutional Trading of Capital One Financial

Large investors have recently bought and sold shares of the company. Evolution Wealth Management Inc. grew its holdings in Capital One Financial by 529.4% in the fourth quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 90 shares during the last quarter. VSM Wealth Advisory LLC acquired a new stake in Capital One Financial in the fourth quarter valued at $27,000. Cherry Tree Wealth Management LLC grew its holdings in Capital One Financial by 1,312.5% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 113 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 105 shares during the last quarter. Strive Asset Management LLC acquired a new stake in Capital One Financial in the third quarter valued at $28,000. Finally, Howard Hughes Medical Institute acquired a new stake in Capital One Financial in the second quarter valued at $29,000. 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.