Q3 2024 EPS Estimates for Capital One Financial Co. Decreased by Analyst (NYSE:COF)

Capital One Financial Co. (NYSE:COF) – Research analysts at Seaport Res Ptn dropped their Q3 2024 EPS estimates for shares of Capital One Financial in a research report issued on Tuesday, September 24th. Seaport Res Ptn analyst W. Ryan now expects that the financial services provider will earn $3.82 per share for the quarter, down from their previous forecast of $3.89. The consensus estimate for Capital One Financial’s current full-year earnings is $12.91 per share. Seaport Res Ptn also issued estimates for Capital One Financial’s Q4 2024 earnings at $2.71 EPS.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.28 by ($0.14). Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The business had revenue of $9.51 billion for the quarter, compared to the consensus estimate of $9.57 billion. During the same quarter in the previous year, the company earned $3.52 earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis.

Several other research analysts have also recently issued reports on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $150.00 target price on shares of Capital One Financial in a report on Thursday, July 25th. Citigroup began coverage on shares of Capital One Financial in a report on Friday, September 20th. They issued a “buy” rating and a $190.00 price target on the stock. JPMorgan Chase & Co. raised their price target on shares of Capital One Financial from $148.00 to $155.00 and gave the company a “neutral” rating in a report on Monday, July 8th. Jefferies Financial Group upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and raised their price target for the company from $145.00 to $165.00 in a report on Thursday, June 6th. Finally, BTIG Research began coverage on shares of Capital One Financial in a report on Friday, June 7th. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Capital One Financial has a consensus rating of “Hold” and a consensus target price of $147.21.

Capital One Financial Stock Up 0.9 %

Shares of Capital One Financial stock opened at $149.09 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.00 and a quick ratio of 1.00. Capital One Financial has a 1 year low of $88.23 and a 1 year high of $154.18. The firm’s 50-day moving average is $142.60 and its two-hundred day moving average is $141.27. The stock has a market cap of $56.68 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 1.21 and a beta of 1.44.

Hedge Funds Weigh In On Capital One Financial

Institutional investors have recently made changes to their positions in the company. LRI Investments LLC purchased a new position in shares of Capital One Financial during the 1st quarter valued at approximately $25,000. Silicon Valley Capital Partners purchased a new stake in Capital One Financial in the 1st quarter worth $25,000. Y.D. More Investments Ltd purchased a new stake in Capital One Financial in the 2nd quarter worth $28,000. Hobbs Group Advisors LLC purchased a new stake in Capital One Financial in the 2nd quarter worth $29,000. Finally, Rise Advisors LLC purchased a new stake in Capital One Financial in the 1st quarter worth $33,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Capital One Financial news, CEO Kevin S. Borgmann sold 61,532 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the completion of the transaction, the chief executive officer now directly owns 40,934 shares of the company’s stock, valued at approximately $5,438,491.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Kevin S. Borgmann sold 61,532 shares of Capital One Financial stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the completion of the transaction, the chief executive officer now directly owns 40,934 shares of the company’s stock, valued at approximately $5,438,491.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Robert M. Alexander sold 30,742 shares of Capital One Financial stock in a transaction that occurred on Wednesday, July 17th. The shares were 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 $11,060,100. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend was Monday, August 12th. Capital One Financial’s dividend payout ratio is presently 18.79%.

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.