Capital One Financial Co. (NYSE:COF) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Capital One Financial Co. (NYSE:COF) have been assigned an average recommendation of “Hold” from the eighteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $181.12.

Several equities research analysts recently commented on COF shares. Wells Fargo & Company boosted their price target on Capital One Financial from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. Royal Bank of Canada boosted their target price on shares of Capital One Financial from $150.00 to $160.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. Bank of America downgraded shares of Capital One Financial from a “buy” rating to a “neutral” rating and cut their price target for the company from $203.00 to $200.00 in a report on Monday, December 9th. Truist Financial started coverage on shares of Capital One Financial in a report on Tuesday. They issued a “buy” rating and a $229.00 price objective for the company. Finally, Evercore ISI raised their target price on Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th.

Capital One Financial Price Performance

NYSE COF opened at $181.64 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.78. The company has a market cap of $69.30 billion, a PE ratio of 17.15, a PEG ratio of 1.36 and a beta of 1.46. Capital One Financial has a 1 year low of $123.23 and a 1 year high of $198.30. The stock’s 50-day moving average price is $182.05 and its two-hundred day moving average price is $158.00.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.70 by $0.81. The business had revenue of $10 billion during the quarter, compared to analyst estimates of $9.88 billion. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The firm’s revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.45 earnings per share. On average, analysts predict that Capital One Financial will post 13.54 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th were paid a $0.60 dividend. The ex-dividend date was Thursday, November 14th. This represents a $2.40 annualized dividend and a dividend yield of 1.32%. Capital One Financial’s payout ratio is 22.66%.

Insider Buying and Selling

In other news, insider Frank G. LapradeIii sold 15,751 shares of Capital One Financial stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $160.00, for a total transaction of $2,520,160.00. Following the sale, the insider now owns 44,711 shares of the company’s stock, valued at approximately $7,153,760. This trade represents a 26.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Zamsky sold 10,541 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total value of $2,005,530.66. Following the completion of the transaction, the insider now owns 26,482 shares of the company’s stock, valued at $5,038,465.32. The trade was a 28.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,007 shares of company stock valued at $4,982,647. 1.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Capital One Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in COF. Private Advisor Group LLC lifted its stake in Capital One Financial by 10.0% during the second quarter. Private Advisor Group LLC now owns 7,793 shares of the financial services provider’s stock worth $1,079,000 after purchasing an additional 709 shares during the period. Candriam S.C.A. lifted its position in shares of Capital One Financial by 32.2% during the 2nd quarter. Candriam S.C.A. now owns 32,803 shares of the financial services provider’s stock worth $4,541,000 after buying an additional 7,995 shares during the period. Great Lakes Advisors LLC boosted its stake in Capital One Financial by 0.4% in the 2nd quarter. Great Lakes Advisors LLC now owns 32,392 shares of the financial services provider’s stock valued at $4,485,000 after buying an additional 117 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in Capital One Financial in the second quarter valued at $42,000. Finally, Ballentine Partners LLC raised its stake in Capital One Financial by 61.3% during the second quarter. Ballentine Partners LLC now owns 3,334 shares of the financial services provider’s stock worth $462,000 after acquiring an additional 1,267 shares in the last quarter. 89.84% of the stock is owned by institutional investors.

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.