Analysts Set Capital One Financial Corporation (NYSE:COF) PT at $261.63

Capital One Financial Corporation (NYSE:COF) has received an average rating of “Moderate Buy” from the twenty-five brokerages that are currently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation, fifteen have assigned a buy recommendation and four have issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $261.6316.

A number of equities research analysts have recently commented on the company. Wall Street Zen upgraded Capital One Financial from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. BTIG Research reiterated a “buy” rating and issued a $264.00 target price on shares of Capital One Financial in a report on Wednesday, October 22nd. Truist Financial upped their price target on shares of Capital One Financial from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Wolfe Research raised their target price on Capital One Financial from $260.00 to $262.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Finally, Wells Fargo & Company increased their price objective on Capital One Financial from $225.00 to $265.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th.

Capital One Financial Price Performance

NYSE COF opened at $216.90 on Tuesday. Capital One Financial has a 12 month low of $143.22 and a 12 month high of $232.45. The firm has a market capitalization of $138.71 billion, a PE ratio of 91.52, a P/E/G ratio of 0.70 and a beta of 1.19. The company’s 50 day simple moving average is $219.47 and its 200 day simple moving average is $209.07. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.03.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $5.95 earnings per share for the quarter, beating the consensus estimate of $4.25 by $1.70. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.The business had revenue of $15.36 billion during the quarter, compared to analyst estimates of $15.06 billion. During the same quarter in the prior year, the firm posted $4.51 earnings per share. The company’s revenue was up 53.4% on a year-over-year basis. As a group, equities research analysts forecast that Capital One Financial will post 15.65 EPS for the current fiscal year.

Capital One Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, November 17th. This is a positive change from Capital One Financial’s previous quarterly dividend of $0.60. Capital One Financial’s payout ratio is currently 101.27%.

Insider Buying and Selling at Capital One Financial

In other news, CAO Timothy P. Golden sold 207 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total transaction of $44,589.87. Following the transaction, the chief accounting officer directly owned 8,780 shares in the company, valued at $1,891,299.80. The trade was a 2.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Richard D. Fairbank sold 103,487 shares of the company’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $220.68, for a total value of $22,837,511.16. Following the completion of the transaction, the chief executive officer directly owned 4,001,228 shares in the company, valued at approximately $882,990,995.04. The trade was a 2.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 216,642 shares of company stock valued at $48,274,411 in the last quarter. Company insiders own 1.26% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Brighton Jones LLC raised its holdings in Capital One Financial by 330.1% during the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock valued at $2,423,000 after buying an additional 10,428 shares in the last quarter. Mutual Advisors LLC bought a new stake in shares of Capital One Financial during the 1st quarter worth $215,000. OneDigital Investment Advisors LLC grew its stake in Capital One Financial by 39.5% in the 1st quarter. OneDigital Investment Advisors LLC now owns 4,287 shares of the financial services provider’s stock valued at $769,000 after buying an additional 1,213 shares during the last quarter. Capital Investment Advisory Services LLC bought a new position in Capital One Financial in the 1st quarter worth $378,000. Finally, Wayfinding Financial LLC bought a new position in Capital One Financial in the 1st quarter worth $67,000. Institutional investors own 89.84% of the company’s stock.

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.