Capital One Financial (NYSE:COF) Price Target Raised to $290.00

Capital One Financial (NYSE:COF) had its price objective increased by Truist Financial from $270.00 to $290.00 in a research report sent to investors on Friday morning,MarketScreener reports.

Several other research firms have also commented on COF. Cowen reaffirmed a “buy” rating on shares of Capital One Financial in a research report on Wednesday, November 26th. Robert W. Baird raised their target price on Capital One Financial from $245.00 to $270.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Wall Street Zen upgraded Capital One Financial from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. HSBC increased their price target on Capital One Financial from $218.00 to $234.00 and gave the stock a “hold” rating in a report on Thursday, October 23rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Capital One Financial in a research report on Monday, December 15th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $265.25.

Capital One Financial Trading Up 0.6%

Shares of COF opened at $244.20 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.45. Capital One Financial has a 12-month low of $143.22 and a 12-month high of $244.82. The firm has a 50-day moving average price of $220.91 and a 200 day moving average price of $217.00. The firm has a market capitalization of $155.25 billion, a P/E ratio of 103.04, a P/E/G ratio of 0.56 and a beta of 1.16.

Capital One Financial (NYSE:COF) last issued its earnings results on Monday, November 3rd. The financial services provider reported $5.95 EPS for the quarter. The company had revenue of $15.46 billion for the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. Sell-side analysts forecast that Capital One Financial will post 15.65 EPS for the current year.

Capital One Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were issued a dividend of $0.80 per share. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date was Monday, November 17th. This represents a $3.20 annualized dividend and a yield of 1.3%. Capital One Financial’s dividend payout ratio (DPR) is presently 135.02%.

Insider Buying and Selling

In other news, insider Neal Blinde sold 43,200 shares of the firm’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $221.83, for a total value of $9,583,056.00. Following the sale, the insider directly owned 73,020 shares in the company, valued at approximately $16,198,026.60. This trade represents a 37.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the business’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $221.54, for a total transaction of $443,080.00. Following the transaction, the general counsel owned 94,486 shares of the company’s stock, valued at approximately $20,932,428.44. The trade was a 2.07% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 280,218 shares of company stock worth $62,395,804. Corporate insiders own 1.26% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in COF. Kingstone Capital Partners Texas LLC increased its stake in Capital One Financial by 588,668.3% in the second quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock valued at $24,988,129,000 after purchasing an additional 117,427,549 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Capital One Financial by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 56,537,167 shares of the financial services provider’s stock worth $12,018,671,000 after buying an additional 156,254 shares during the last quarter. State Street Corp boosted its holdings in shares of Capital One Financial by 63.4% in the 2nd quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock valued at $5,910,500,000 after buying an additional 10,776,843 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Capital One Financial by 64.1% in the 2nd quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider’s stock valued at $2,970,628,000 after buying an additional 5,474,328 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in Capital One Financial by 12.8% during the 3rd quarter. Franklin Resources Inc. now owns 11,838,304 shares of the financial services provider’s stock worth $2,516,587,000 after acquiring an additional 1,339,215 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Company Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.