Capital One Financial (NYSE:COF) Price Target Raised to $210.00

Capital One Financial (NYSE:COF) had its price objective increased by Wells Fargo & Company from $185.00 to $210.00 in a research note published on Friday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the financial services provider’s stock.

COF has been the subject of a number of other reports. Citigroup began coverage on Capital One Financial in a report on Friday, September 20th. They set a “buy” rating and a $190.00 price objective for the company. The Goldman Sachs Group lifted their price objective on Capital One Financial from $182.00 to $205.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Keefe, Bruyette & Woods lifted their price objective on Capital One Financial from $185.00 to $232.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Royal Bank of Canada lifted their price objective on Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a report on Friday, October 25th. Finally, Barclays lifted their price objective on Capital One Financial from $154.00 to $158.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $174.31.

Capital One Financial Trading Up 1.0 %

Shares of Capital One Financial stock opened at $180.43 on Friday. The company’s fifty day simple moving average is $181.32 and its 200-day simple moving average is $157.23. The company has a market cap of $68.84 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 1.36 and a beta of 1.46. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.78. Capital One Financial has a 1 year low of $123.23 and a 1 year high of $198.30.

Capital One Financial (NYSE:COF) last issued its earnings results on Thursday, October 24th. The financial services provider reported $4.51 EPS for the quarter, topping the consensus estimate of $3.70 by $0.81. The firm had revenue of $10 billion during the quarter, compared to analysts’ expectations of $9.88 billion. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. Capital One Financial’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period last year, the business earned $4.45 earnings per share. As a group, sell-side analysts expect that Capital One Financial will post 13.54 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th were given a dividend of $0.60 per share. The ex-dividend date was Thursday, November 14th. This represents a $2.40 annualized dividend and a dividend yield of 1.33%. Capital One Financial’s payout ratio is currently 22.66%.

Insider Transactions at Capital One Financial

In other news, insider Frank G. LapradeIii sold 15,751 shares of Capital One Financial stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $160.00, for a total transaction of $2,520,160.00. Following the transaction, the insider now owns 44,711 shares in the company, valued at $7,153,760. The trade was a 26.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael Zamsky sold 10,541 shares of Capital One Financial stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total value of $2,005,530.66. Following the transaction, the insider now owns 26,482 shares in the company, valued at $5,038,465.32. This trade represents a 28.47 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,007 shares of company stock worth $4,982,647. 1.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Capital One Financial

Several institutional investors have recently modified their holdings of the business. Versant Capital Management Inc lifted its stake in Capital One Financial by 48.1% in the 4th quarter. Versant Capital Management Inc now owns 640 shares of the financial services provider’s stock valued at $114,000 after acquiring an additional 208 shares in the last quarter. Old Port Advisors bought a new stake in Capital One Financial in the 4th quarter valued at approximately $220,000. Principal Financial Group Inc. lifted its stake in Capital One Financial by 4.3% in the 3rd quarter. Principal Financial Group Inc. now owns 430,654 shares of the financial services provider’s stock valued at $64,482,000 after acquiring an additional 17,825 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Capital One Financial by 2.8% during the 3rd quarter. Franklin Resources Inc. now owns 10,387,265 shares of the financial services provider’s stock worth $1,649,488,000 after purchasing an additional 280,462 shares in the last quarter. Finally, Tidal Investments LLC raised its stake in shares of Capital One Financial by 10.8% during the 3rd quarter. Tidal Investments LLC now owns 20,482 shares of the financial services provider’s stock worth $3,067,000 after purchasing an additional 1,994 shares in the last quarter. 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.