Capital One Financial (NYSE:COF) Price Target Raised to $150.00 at Robert W. Baird

Capital One Financial (NYSE:COF) had its price objective lifted by Robert W. Baird from $145.00 to $150.00 in a report published on Friday, Benzinga reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

Several other brokerages also recently commented on COF. Bank of America boosted their price objective on shares of Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Barclays boosted their price target on Capital One Financial from $154.00 to $158.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Evercore ISI reduced their price objective on Capital One Financial from $166.00 to $163.00 and set an “in-line” rating on the stock in a research note on Monday, October 7th. JPMorgan Chase & Co. raised their price target on shares of Capital One Financial from $156.00 to $157.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. Finally, Citigroup initiated coverage on shares of Capital One Financial in a research report on Friday, September 20th. They set a “buy” rating and a $190.00 price objective for the company. Twelve research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Capital One Financial currently has an average rating of “Hold” and an average price target of $152.39.

Capital One Financial Stock Performance

NYSE:COF opened at $161.31 on Friday. The company has a market cap of $61.33 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 1.22 and a beta of 1.44. Capital One Financial has a fifty-two week low of $89.08 and a fifty-two week high of $167.93. 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 fifty day moving average price of $147.39 and a 200-day moving average price of $142.75.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, topping the consensus estimate of $3.70 by $0.81. Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. The business had revenue of $10 billion during the quarter, compared to analysts’ expectations of $9.88 billion. During the same quarter in the prior year, the business posted $4.45 earnings per share. Capital One Financial’s revenue was up 6.8% compared to the same quarter last year. As a group, equities analysts anticipate that Capital One Financial will post 12.87 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were issued a $0.60 dividend. The ex-dividend date was Monday, August 12th. This represents a $2.40 dividend on an annualized basis and a yield of 1.49%. Capital One Financial’s payout ratio is currently 18.79%.

Insiders Place Their Bets

In other 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 transaction, the insider now owns 44,711 shares of the company’s stock, valued at $7,153,760. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Kevin S. Borgmann sold 61,532 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total value of $8,175,141.52. Following the transaction, the chief executive officer now owns 40,934 shares of the company’s stock, valued at approximately $5,438,491.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Frank G. LapradeIii sold 15,751 shares of the stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $160.00, for a total value of $2,520,160.00. Following the completion of the sale, the insider now directly owns 44,711 shares of the company’s stock, valued at approximately $7,153,760. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Capital One Financial

Several large investors have recently bought and sold shares of the stock. Capital Research Global Investors lifted its position in shares of Capital One Financial by 72.8% during the first quarter. Capital Research Global Investors now owns 21,128,089 shares of the financial services provider’s stock valued at $3,145,761,000 after purchasing an additional 8,900,241 shares in the last quarter. Eminence Capital LP purchased a new position in shares of Capital One Financial in the 2nd quarter worth approximately $127,465,000. Clearbridge Investments LLC increased its position in shares of Capital One Financial by 18.8% during the first quarter. Clearbridge Investments LLC now owns 3,473,596 shares of the financial services provider’s stock valued at $517,184,000 after acquiring an additional 549,665 shares during the last quarter. International Assets Investment Management LLC grew its stake in Capital One Financial by 123.4% in the 2nd quarter. International Assets Investment Management LLC now owns 772,961 shares of the financial services provider’s stock valued at $107,016,000 after purchasing an additional 427,000 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in shares of Capital One Financial by 1,518.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 412,355 shares of the financial services provider’s stock valued at $61,742,000 after purchasing an additional 386,870 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors.

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.