Capital One Financial (NYSE:COF) Now Covered by Analysts at Citigroup

Citigroup started coverage on shares of Capital One Financial (NYSE:COF) in a research note published on Friday morning, Benzinga reports. The brokerage issued a buy rating and a $190.00 price objective on the financial services provider’s stock.

Several other brokerages have also recently issued reports on COF. Royal Bank of Canada restated a sector perform rating and issued a $150.00 target price on shares of Capital One Financial in a report on Thursday, July 25th. Evercore ISI dropped their price objective on Capital One Financial from $155.00 to $154.00 and set an in-line rating on the stock in a report on Tuesday, June 25th. Bank of America lifted their target price on Capital One Financial from $158.00 to $161.00 and gave the stock a buy rating in a research report on Wednesday, July 24th. Jefferies Financial Group raised Capital One Financial from a hold rating to a buy rating and upped their target price for the company from $145.00 to $165.00 in a research report on Thursday, June 6th. Finally, JPMorgan Chase & Co. lifted their price target on Capital One Financial from $148.00 to $155.00 and gave the stock a neutral rating in a research report on Monday, July 8th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $147.21.

Capital One Financial Stock Down 0.5 %

Capital One Financial stock opened at $152.28 on Friday. The stock has a market cap of $57.90 billion, a PE ratio of 11.92, a P/E/G ratio of 1.08 and a beta of 1.44. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.00 and a quick ratio of 1.00. The stock’s fifty day moving average is $142.56 and its two-hundred day moving average is $140.88. Capital One Financial has a 1-year low of $88.23 and a 1-year high of $153.36.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share for the quarter, missing the consensus estimate of $3.28 by ($0.14). The business had revenue of $9.51 billion for the quarter, compared to analyst estimates of $9.57 billion. Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. Capital One Financial’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the business posted $3.52 EPS. On average, sell-side analysts expect that Capital One Financial will post 13.1 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend was Monday, August 12th. Capital One Financial’s dividend payout ratio is presently 18.79%.

Insiders Place Their Bets

In related news, insider Robert M. Alexander sold 30,742 shares of Capital One Financial stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total value of $4,611,300.00. Following the sale, the insider now directly owns 73,734 shares in the company, valued at $11,060,100. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Robert M. Alexander sold 30,742 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total value of $4,611,300.00. Following the completion of the sale, the insider now owns 73,734 shares in the company, valued at $11,060,100. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Kevin S. Borgmann sold 61,532 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the transaction, the chief executive officer now owns 40,934 shares in the company, valued at $5,438,491.24. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Capital One Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Financial Security Advisor Inc. lifted its holdings in shares of Capital One Financial by 2.4% during the 1st quarter. Financial Security Advisor Inc. now owns 3,255 shares of the financial services provider’s stock valued at $485,000 after acquiring an additional 75 shares in the last quarter. Valley National Advisers Inc. lifted its stake in shares of Capital One Financial by 0.5% during the first quarter. Valley National Advisers Inc. now owns 16,366 shares of the financial services provider’s stock worth $2,435,000 after purchasing an additional 75 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Capital One Financial by 11.7% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 718 shares of the financial services provider’s stock worth $107,000 after buying an additional 75 shares during the period. Smith Chas P & Associates PA Cpas grew its stake in shares of Capital One Financial by 2.8% in the first quarter. Smith Chas P & Associates PA Cpas now owns 2,829 shares of the financial services provider’s stock valued at $421,000 after buying an additional 76 shares in the last quarter. Finally, Marcum Wealth LLC raised its holdings in shares of Capital One Financial by 3.6% during the 2nd quarter. Marcum Wealth LLC now owns 2,295 shares of the financial services provider’s stock valued at $318,000 after buying an additional 79 shares during the period. 89.84% of the stock is owned by institutional investors and hedge funds.

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.