TD Cowen Cuts Capital One Financial (NYSE:COF) Price Target to $242.00

Capital One Financial (NYSE:COF) had its price objective decreased by TD Cowen from $253.00 to $242.00 in a research note released on Tuesday morning,Benzinga reports. TD Cowen currently has a buy rating on the financial services provider’s stock.

Several other research firms have also recently issued reports on COF. Wolfe Research boosted their target price on Capital One Financial from $255.00 to $275.00 and gave the company an “outperform” rating in a research note on Tuesday, August 25th. UBS Group raised their price target on Capital One Financial from $275.00 to $280.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Barclays cut their price target on shares of Capital One Financial from $240.00 to $237.00 and set an “overweight” rating on the stock in a report on Monday. Evercore set a $220.00 price objective on shares of Capital One Financial in a research report on Thursday, October 1st. Finally, Wall Street Zen lowered shares of Capital One Financial from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Twenty investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $257.77.

Capital One Financial Stock Performance

Shares of NYSE:COF opened at $199.32 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39. The company has a 50-day moving average price of $210.37 and a 200-day moving average price of $199.66. The company has a market cap of $122.28 billion, a price-to-earnings ratio of 12.33, a price-to-earnings-growth ratio of 0.72 and a beta of 1.04. Capital One Financial has a 12 month low of $174.24 and a 12 month high of $259.64.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.79 by $1.02. The company had revenue of $15.83 billion for the quarter, compared to analysts’ expectations of $15.76 billion. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.Capital One Financial’s quarterly revenue was up 26.9% on a year-over-year basis. During the same period last year, the firm earned $5.48 earnings per share. As a group, equities analysts anticipate that Capital One Financial will post 20.33 EPS for the current year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were given a dividend of $0.80 per share. The ex-dividend date was Monday, August 17th. This represents a $3.20 annualized dividend and a dividend yield of 1.6%. Capital One Financial’s payout ratio is currently 19.80%.

Insider Activity at Capital One Financial

In related news, insider Lia Dean sold 2,066 shares of the company’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $206.07, for a total value of $425,740.62. Following the sale, the insider directly owned 61,195 shares of the company’s stock, valued at $12,610,453.65. This represents a 3.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew Cooper sold 3,500 shares of the stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $196.22, for a total value of $686,770.00. Following the completion of the transaction, the general counsel owned 79,694 shares of the company’s stock, valued at approximately $15,637,556.68. This trade represents a 4.21% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 33,850 shares of company stock valued at $7,167,152 over the last ninety days. Insiders own 0.78% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. State Street Corp grew its holdings in Capital One Financial by 107.9% in the second quarter. State Street Corp now owns 57,278,732 shares of the financial services provider’s stock worth $11,491,259,000 after purchasing an additional 29,724,829 shares during the period. BlackRock Inc. lifted its holdings in shares of Capital One Financial by 0.5% during the second quarter. BlackRock Inc. now owns 51,054,869 shares of the financial services provider’s stock valued at $10,242,628,000 after purchasing an additional 236,643 shares during the last quarter. Bank of America Corp DE purchased a new position in shares of Capital One Financial during the second quarter valued at approximately $1,435,311,000. Wellington Management Group LLP boosted its position in shares of Capital One Financial by 36.2% in the 2nd quarter. Wellington Management Group LLP now owns 7,108,112 shares of the financial services provider’s stock worth $1,426,029,000 after purchasing an additional 1,887,497 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Capital One Financial by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,621,240 shares of the financial services provider’s stock worth $1,127,733,000 after buying an additional 187,532 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors.

About Capital One Financial

Capital One Financial Corp. is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company provides credit cards, consumer banking products, auto financing and commercial banking services through its Capital One brand.

Capital One offers credit cards for consumers and businesses, checking and savings accounts, certificates of deposit, personal loans and auto loans. Its commercial banking operations serve businesses, institutions and commercial real estate clients with lending, deposit, treasury management and other financial services.

Capital One primarily serves customers in the United States, with additional operations in Canada and the United Kingdom.