Capital One Financial (NYSE:COF) Price Target Increased to $165.00 by Analysts at Wells Fargo & Company

Capital One Financial (NYSE:COF) had its price target lifted by Wells Fargo & Company from $160.00 to $165.00 in a report published on Wednesday, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the financial services provider’s stock.

Several other equities research analysts have also issued reports on COF. Deutsche Bank Aktiengesellschaft began coverage on shares of Capital One Financial in a research note on Wednesday, January 10th. They set a hold rating and a $153.00 target price on the stock. Keefe, Bruyette & Woods reaffirmed an outperform rating and issued a $159.00 price target on shares of Capital One Financial in a research note on Wednesday, March 27th. Robert W. Baird lowered shares of Capital One Financial from an outperform rating to a neutral rating and decreased their price target for the company from $150.00 to $145.00 in a research note on Monday, January 8th. JPMorgan Chase & Co. raised their price target on shares of Capital One Financial from $134.00 to $152.00 and gave the company a neutral rating in a research note on Wednesday, April 3rd. Finally, Evercore ISI raised their price target on shares of Capital One Financial from $142.00 to $155.00 and gave the company an in-line rating in a research note on Thursday, March 28th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $137.05.

Capital One Financial Trading Down 2.5 %

COF stock opened at $139.94 on Wednesday. The company’s 50-day simple moving average is $138.71 and its 200-day simple moving average is $122.16. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.85. Capital One Financial has a 52-week low of $83.93 and a 52-week high of $149.27. The firm has a market cap of $53.23 billion, a P/E ratio of 11.71, a PEG ratio of 1.03 and a beta of 1.48.

Capital One Financial (NYSE:COF) last posted its earnings results on Thursday, January 25th. The financial services provider reported $2.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.50 by ($0.26). Capital One Financial had a return on equity of 9.24% and a net margin of 9.88%. The firm had revenue of $9.51 billion for the quarter, compared to analysts’ expectations of $9.45 billion. As a group, equities analysts forecast that Capital One Financial will post 13.87 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 12th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.72%. Capital One Financial’s dividend payout ratio is currently 20.08%.

Institutional Trading of Capital One Financial

Several institutional investors have recently added to or reduced their stakes in COF. Norges Bank purchased a new position in Capital One Financial in the 4th quarter valued at approximately $318,480,000. Capital Research Global Investors grew its stake in shares of Capital One Financial by 16.7% during the fourth quarter. Capital Research Global Investors now owns 12,227,848 shares of the financial services provider’s stock worth $1,603,316,000 after purchasing an additional 1,745,545 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Capital One Financial by 603.3% during the first quarter. First Trust Advisors LP now owns 1,731,554 shares of the financial services provider’s stock worth $227,336,000 after purchasing an additional 1,485,339 shares in the last quarter. Pzena Investment Management LLC grew its stake in shares of Capital One Financial by 8.3% during the third quarter. Pzena Investment Management LLC now owns 7,626,988 shares of the financial services provider’s stock worth $740,199,000 after purchasing an additional 585,797 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Capital One Financial by 21.6% during the fourth quarter. Legal & General Group Plc now owns 3,291,202 shares of the financial services provider’s stock worth $431,542,000 after purchasing an additional 583,886 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

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.