Capital One Financial (NYSE:COF) Upgraded to Overweight at Barclays

Barclays upgraded shares of Capital One Financial (NYSE:COF) from an equal weight rating to an overweight rating in a report issued on Monday, MarketBeat reports. The firm currently has $219.00 price target on the financial services provider’s stock, up from their previous price target of $158.00.

Several other research firms have also commented on COF. Citigroup initiated coverage on Capital One Financial in a report on Friday, September 20th. They issued a “buy” rating and a $190.00 target price on the stock. Evercore ISI increased their price objective on Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Robert W. Baird boosted their target price on Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. The Goldman Sachs Group increased their price target on shares of Capital One Financial from $182.00 to $205.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Capital One Financial from $162.00 to $186.00 and gave the stock a “neutral” rating in a report on Monday, December 9th. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $181.12.

Capital One Financial Stock Performance

Shares of COF opened at $179.84 on Monday. The stock has a 50-day simple moving average of $182.32 and a 200-day simple moving average of $158.16. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.00 and a current ratio of 1.00. Capital One Financial has a 1 year low of $123.23 and a 1 year high of $198.30. The stock has a market capitalization of $68.56 billion, a PE ratio of 16.98, a PEG ratio of 1.36 and a beta of 1.46.

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

Capital One Financial Announces Dividend

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

Insider Buying and Selling

In related news, insider Frank G. LapradeIii sold 15,751 shares of the stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $160.00, for a total transaction of $2,520,160.00. Following the completion of the transaction, the insider now directly owns 44,711 shares of the company’s stock, valued at $7,153,760. This represents a 26.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Kara West sold 721 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $184.73, for a total transaction of $133,190.33. Following the completion of the sale, the insider now owns 12,929 shares of the company’s stock, valued at approximately $2,388,374.17. The trade was a 5.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,007 shares of company stock valued at $4,982,647 over the last three months. 1.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of COF. Y.D. More Investments Ltd purchased a new stake in shares of Capital One Financial during the 2nd quarter worth $28,000. Catalyst Capital Advisors LLC purchased a new position in shares of Capital One Financial in the 3rd quarter valued at about $36,000. Strategic Financial Concepts LLC acquired a new stake in shares of Capital One Financial in the second quarter valued at about $42,000. Creative Financial Designs Inc. ADV boosted its holdings in Capital One Financial by 135.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 289 shares of the financial services provider’s stock worth $43,000 after buying an additional 166 shares in the last quarter. Finally, Eastern Bank acquired a new position in Capital One Financial during the third quarter worth about $44,000. Institutional investors and hedge funds 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.