Q3 EPS Estimate for Capital One Financial Lifted by Analyst

Capital One Financial Co. (NYSE:COF) – Investment analysts at Zacks Research increased their Q3 2024 earnings estimates for shares of Capital One Financial in a note issued to investors on Thursday, October 17th. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings per share of $3.63 for the quarter, up from their previous estimate of $3.60. The consensus estimate for Capital One Financial’s current full-year earnings is $12.87 per share. Zacks Research also issued estimates for Capital One Financial’s FY2024 earnings at $12.82 EPS, Q1 2025 earnings at $3.79 EPS, Q4 2025 earnings at $3.49 EPS, FY2025 earnings at $15.58 EPS, Q2 2026 earnings at $4.53 EPS and FY2026 earnings at $17.59 EPS.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share (EPS) 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%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.52 EPS.

COF has been the subject of several other research reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $150.00 price objective on shares of Capital One Financial in a research note on Thursday, July 25th. Citigroup initiated coverage on Capital One Financial in a report on Friday, September 20th. They issued a “buy” rating and a $190.00 price target on the stock. Bank of America lifted their price objective on Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Barclays upped their target price on Capital One Financial from $154.00 to $158.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Finally, Evercore ISI cut their price target on Capital One Financial from $166.00 to $163.00 and set an “in-line” rating for the company in a research note on Monday, October 7th. Twelve analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Capital One Financial currently has an average rating of “Hold” and a consensus price target of $151.56.

Capital One Financial Trading Down 0.5 %

NYSE:COF opened at $159.03 on Friday. The stock has a market capitalization of $60.46 billion, a price-to-earnings ratio of 12.45, a PEG ratio of 1.22 and a beta of 1.44. Capital One Financial has a 1 year low of $88.23 and a 1 year high of $160.45. The stock has a fifty day moving average price of $145.76 and a two-hundred day moving average price of $142.41. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.00 and a current ratio of 1.00.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.51%. The ex-dividend date was Monday, August 12th. Capital One Financial’s dividend payout ratio (DPR) is currently 18.79%.

Insider Activity at Capital One Financial

In other news, CEO Kevin S. Borgmann sold 61,532 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total value of $8,175,141.52. Following the transaction, the chief executive officer now directly owns 40,934 shares in the company, valued at $5,438,491.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.30% of the stock is owned by insiders.

Institutional Trading of Capital One Financial

Large investors have recently added to or reduced their stakes in the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Capital One Financial by 21.4% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 27,493 shares of the financial services provider’s stock valued at $4,093,000 after buying an additional 4,840 shares in the last quarter. Twin Tree Management LP boosted its stake in shares of Capital One Financial by 5.6% in the first quarter. Twin Tree Management LP now owns 68,504 shares of the financial services provider’s stock valued at $10,200,000 after purchasing an additional 3,609 shares during the period. Clear Harbor Asset Management LLC acquired a new stake in Capital One Financial during the 2nd quarter valued at $511,000. QRG Capital Management Inc. lifted its holdings in Capital One Financial by 3.2% in the 2nd quarter. QRG Capital Management Inc. now owns 122,264 shares of the financial services provider’s stock worth $16,927,000 after buying an additional 3,776 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its position in Capital One Financial by 20.4% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 15,817 shares of the financial services provider’s stock valued at $2,355,000 after buying an additional 2,675 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Company Profile

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.