Bank of America Boosts Capital One Financial (NYSE:COF) Price Target to $161.00

Capital One Financial (NYSE:COF) had its target price increased by Bank of America from $158.00 to $161.00 in a research report sent to investors on Wednesday morning, Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

COF has been the subject of several other reports. Wells Fargo & Company increased their price target on shares of Capital One Financial from $160.00 to $165.00 and gave the stock an overweight rating in a research note on Wednesday, April 10th. Wolfe Research upgraded shares of Capital One Financial from a peer perform rating to an outperform rating and set a $189.00 target price for the company in a report on Thursday, April 4th. Evercore ISI cut their price target on Capital One Financial from $155.00 to $154.00 and set an in-line rating on the stock in a research note on Tuesday, June 25th. JPMorgan Chase & Co. lifted their price objective on Capital One Financial from $148.00 to $155.00 and gave the company a neutral rating in a research note on Monday, July 8th. Finally, Keefe, Bruyette & Woods reissued an outperform rating and issued a $159.00 target price on shares of Capital One Financial in a research note on Wednesday, March 27th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and an average price target of $145.89.

Capital One Financial Stock Performance

Capital One Financial stock opened at $149.39 on Wednesday. Capital One Financial has a fifty-two week low of $88.23 and a fifty-two week high of $153.35. The stock’s 50 day simple moving average is $139.34 and its two-hundred day simple moving average is $138.77. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market cap of $56.80 billion, a price-to-earnings ratio of 11.70, a PEG ratio of 1.15 and a beta of 1.45.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share for the quarter, missing the consensus estimate of $3.28 by ($0.14). The firm had revenue of $9.51 billion for the quarter, compared to the consensus estimate of $9.57 billion. Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.52 earnings per share. As a group, analysts expect that Capital One Financial will post 13.4 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Monday, May 13th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $2.40 dividend on an annualized basis and a yield of 1.61%. Capital One Financial’s dividend payout ratio (DPR) is 18.79%.

Insiders Place Their Bets

In other news, insider Robert M. Alexander sold 30,742 shares of the stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the transaction, the insider now directly owns 73,734 shares of the company’s stock, valued at approximately $11,060,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Robert M. Alexander sold 30,742 shares of the stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total value of $4,611,300.00. Following the transaction, the insider now owns 73,734 shares in the company, valued at approximately $11,060,100. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Timothy P. Golden sold 8,656 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $144.04, for a total transaction of $1,246,810.24. Following the completion of the transaction, the insider now directly owns 10,246 shares in the company, valued at approximately $1,475,833.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 56,311 shares of company stock valued at $8,274,640. Company insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Capital One Financial

A number of hedge funds have recently modified their holdings of the business. LRI Investments LLC bought a new stake in Capital One Financial during the first quarter valued at about $25,000. Silicon Valley Capital Partners purchased a new position in shares of Capital One Financial during the 1st quarter valued at about $25,000. Hobbs Group Advisors LLC purchased a new position in shares of Capital One Financial during the 2nd quarter valued at about $29,000. Householder Group Estate & Retirement Specialist LLC grew its stake in shares of Capital One Financial by 1,658.3% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 211 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 199 shares during the period. Finally, Rise Advisors LLC purchased a new stake in Capital One Financial in the 1st quarter worth approximately $33,000. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Company Profile

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.