Brokerages Set Capital One Financial Corp. (COF) Target Price at $78.60
Capital One Financial Corp. (NYSE:COF) has received an average recommendation of “Hold” from the thirty brokerages that are covering the stock. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $78.60.
COF has been the topic of a number of recent analyst reports. Oppenheimer Holdings Inc. restated an “underperform” rating and issued a $60.00 price target (up previously from $59.00) on shares of Capital One Financial Corp. in a research report on Sunday, October 30th. Nomura reaffirmed a “neutral” rating and issued a $72.00 price objective on shares of Capital One Financial Corp. in a research note on Wednesday, October 5th. Zacks Investment Research raised Capital One Financial Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, September 27th. Wedbush assumed coverage on Capital One Financial Corp. in a research note on Monday, October 10th. They issued a “neutral” rating and a $78.00 price objective on the stock. Finally, Credit Agricole SA set a $86.00 price objective on Capital One Financial Corp. and gave the company a “buy” rating in a research note on Tuesday, October 4th.
In related news, CEO Richard D. Fairbank sold 4,300 shares of Capital One Financial Corp. stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $75.12, for a total transaction of $323,016.00. Following the transaction, the chief executive officer now owns 2,597,316 shares of the company’s stock, valued at $195,110,377.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.94% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its position in shares of Capital One Financial Corp. by 34.6% in the third quarter. JPMorgan Chase & Co. now owns 17,546,669 shares of the financial services provider’s stock valued at $1,260,376,000 after buying an additional 4,511,539 shares during the last quarter. Pzena Investment Management LLC acquired a new position in Capital One Financial Corp. during the third quarter valued at $229,175,000. Wellington Management Group LLP boosted its position in Capital One Financial Corp. by 191.1% in the first quarter. Wellington Management Group LLP now owns 3,745,286 shares of the financial services provider’s stock valued at $259,586,000 after buying an additional 2,458,482 shares in the last quarter. Emerald Acquisition Ltd. acquired a new position in Capital One Financial Corp. during the second quarter valued at $135,041,000. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its position in Capital One Financial Corp. by 9.8% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 19,814,087 shares of the financial services provider’s stock valued at $1,258,393,000 after buying an additional 1,763,210 shares in the last quarter. 88.04% of the stock is currently owned by institutional investors.
Shares of Capital One Financial Corp. (NYSE:COF) opened at 80.99 on Monday. The company has a market capitalization of $40.58 billion, a PE ratio of 11.57 and a beta of 1.21. Capital One Financial Corp. has a 52 week low of $58.03 and a 52 week high of $81.25. The stock has a 50 day moving average price of $73.46 and a 200-day moving average price of $69.95.
Capital One Financial Corp. (NYSE:COF) last issued its quarterly earnings results on Tuesday, October 25th. The financial services provider reported $2.03 EPS for the quarter, topping the Zacks’ consensus estimate of $1.94 by $0.09. Capital One Financial Corp. had a return on equity of 8.44% and a net margin of 14.37%. The company had revenue of $6.46 billion for the quarter, compared to analysts’ expectations of $432.47 million. During the same quarter last year, the business earned $2.10 earnings per share. Capital One Financial Corp.’s revenue was up 9.5% on a year-over-year basis. Equities research analysts expect that Capital One Financial Corp. will post $7.06 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 25th. Investors of record on Monday, November 14th will be given a dividend of $0.40 per share. The ex-dividend date is Wednesday, November 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.98%. Capital One Financial Corp.’s payout ratio is 22.82%.
About Capital One Financial Corp.
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