Capital One Financial (NYSE:COF) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Capital One Financial (NYSE:COF) from a hold rating to a buy rating in a research report sent to investors on Saturday.

A number of other analysts have also recently commented on the company. HSBC upgraded Capital One Financial from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $226.00 to $229.00 in a research report on Sunday, July 12th. Royal Bank Of Canada decreased their price target on shares of Capital One Financial from $275.00 to $235.00 and set a “sector perform” rating on the stock in a research note on Friday, April 10th. Evercore lowered their price target on shares of Capital One Financial from $265.00 to $222.00 and set an “outperform” rating for the company in a report on Monday, April 6th. The Goldman Sachs Group cut their price objective on shares of Capital One Financial from $300.00 to $260.00 and set a “buy” rating for the company in a research report on Tuesday, April 7th. Finally, Wells Fargo & Company reduced their price objective on shares of Capital One Financial from $280.00 to $260.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Twenty research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $259.82.

Capital One Financial Stock Performance

Capital One Financial stock opened at $206.86 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a fifty day moving average of $195.78 and a two-hundred day moving average of $199.85. The company has a market capitalization of $128.73 billion, a price-to-earnings ratio of 12.80, a PEG ratio of 0.75 and a beta of 1.02. Capital One Financial has a fifty-two week low of $174.24 and a fifty-two week high of $259.64.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, topping analysts’ consensus estimates of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The company had revenue of $15.83 billion during the quarter, compared to analysts’ expectations of $15.76 billion. During the same period in the previous year, the firm posted $5.48 earnings per share. The business’s revenue for the quarter was up 26.9% compared to the same quarter last year. On average, analysts anticipate that Capital One Financial will post 20.13 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Tuesday, May 19th. Capital One Financial’s dividend payout ratio (DPR) is 19.80%.

Insider Buying and Selling at Capital One Financial

In related news, insider Celia Karam sold 1,749 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $192.58, for a total value of $336,822.42. Following the transaction, the insider directly owned 61,579 shares of the company’s stock, valued at approximately $11,858,883.82. This trade represents a 2.76% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew W. Cooper sold 3,500 shares of Capital One Financial stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $208.00, for a total value of $728,000.00. Following the completion of the transaction, the general counsel owned 90,194 shares in the company, valued at $18,760,352. The trade was a 3.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 8,749 shares of company stock valued at $1,708,577 over the last three months. Corporate insiders own 0.78% of the company’s stock.

Institutional Investors Weigh In On Capital One Financial

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Capital One Financial by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 56,897,238 shares of the financial services provider’s stock valued at $13,789,615,000 after purchasing an additional 360,071 shares in the last quarter. Franklin Resources Inc. increased its position in Capital One Financial by 5.4% during the 4th quarter. Franklin Resources Inc. now owns 12,476,462 shares of the financial services provider’s stock worth $3,023,795,000 after purchasing an additional 638,158 shares in the last quarter. Morgan Stanley increased its position in Capital One Financial by 3.9% during the 4th quarter. Morgan Stanley now owns 8,677,981 shares of the financial services provider’s stock worth $2,103,196,000 after purchasing an additional 323,350 shares in the last quarter. Norges Bank purchased a new position in Capital One Financial in the fourth quarter valued at approximately $2,089,803,000. Finally, Davis Selected Advisers raised its holdings in Capital One Financial by 2.8% in the fourth quarter. Davis Selected Advisers now owns 8,614,766 shares of the financial services provider’s stock valued at $2,087,878,000 after buying an additional 234,649 shares during the period. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Company Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.