Capital One Financial Corporation (COF) Price Target Raised to $91.00 at Bank of America Corporation

Capital One Financial Corporation (NYSE:COF) had its price objective raised by Bank of America Corporation from $89.00 to $91.00 in a research report report published on Wednesday, October 25th. The brokerage currently has a neutral rating on the financial services provider’s stock.

Several other brokerages have also recently weighed in on COF. Zacks Investment Research raised Capital One Financial Corporation from a sell rating to a hold rating in a research note on Thursday, July 27th. UBS AG raised Capital One Financial Corporation from an underperform rating to a market perform rating in a research note on Friday, July 21st. BidaskClub cut Capital One Financial Corporation from a sell rating to a strong sell rating in a research note on Monday, August 14th. Keefe, Bruyette & Woods set a $106.00 target price on Capital One Financial Corporation and gave the stock a buy rating in a research note on Tuesday, August 15th. Finally, Instinet reaffirmed a buy rating and set a $96.00 target price (down previously from $101.00) on shares of Capital One Financial Corporation in a research note on Wednesday, July 12th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $95.00.

Shares of Capital One Financial Corporation (COF) opened at $87.15 on Wednesday. The firm has a market capitalization of $42,245.46, a PE ratio of 11.50, a PEG ratio of 1.30 and a beta of 1.30. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.07 and a quick ratio of 1.06. Capital One Financial Corporation has a one year low of $76.05 and a one year high of $96.92.

Capital One Financial Corporation (NYSE:COF) last issued its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $2.42 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.27. The company had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $6.81 billion. Capital One Financial Corporation had a return on equity of 8.25% and a net margin of 13.34%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.03 earnings per share. sell-side analysts expect that Capital One Financial Corporation will post 7.94 EPS for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Monday, November 13th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date is Friday, November 10th. Capital One Financial Corporation’s dividend payout ratio is currently 22.63%.

In other Capital One Financial Corporation news, insider Michael Slocum sold 8,292 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $91.99, for a total value of $762,781.08. Following the completion of the sale, the insider now directly owns 53,613 shares of the company’s stock, valued at $4,931,859.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mayo A. Shattuck III sold 24,167 shares of the firm’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $92.71, for a total value of $2,240,522.57. Following the completion of the sale, the director now directly owns 59,613 shares of the company’s stock, valued at $5,526,721.23. The disclosure for this sale can be found here. Insiders sold 43,514 shares of company stock valued at $4,011,299 over the last three months. Company insiders own 1.73% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. BB&T Investment Services Inc. purchased a new position in shares of Capital One Financial Corporation in the second quarter valued at $108,000. Seven Eight Capital LP grew its position in shares of Capital One Financial Corporation by 16.7% in the second quarter. Seven Eight Capital LP now owns 1,400 shares of the financial services provider’s stock valued at $116,000 after purchasing an additional 200 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its position in shares of Capital One Financial Corporation by 47.1% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,652 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 529 shares in the last quarter. Westside Investment Management Inc. grew its position in shares of Capital One Financial Corporation by 48.0% in the second quarter. Westside Investment Management Inc. now owns 1,745 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 566 shares in the last quarter. Finally, Guardian Life Insurance Co. of America grew its position in shares of Capital One Financial Corporation by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 1,860 shares of the financial services provider’s stock valued at $161,000 after purchasing an additional 11 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

About Capital One Financial Corporation

Capital One Financial Corporation is a diversified financial services holding company. The Company, along with its subsidiaries, offers a range of financial products and services to consumers, small businesses and commercial clients through branches, the Internet and other distribution channels. The Company’s segments include Credit Card, Consumer Banking, Commercial Banking and Other.

Analyst Recommendations for Capital One Financial Corporation (NYSE:COF)

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