Capital One Financial (NYSE:COF) Price Target Cut to $242.00 by Analysts at TD Cowen

by · The Markets Daily

Capital One Financial (NYSE:COF) had its price objective trimmed by TD Cowen from $253.00 to $242.00 in a report released on Tuesday,Benzinga reports. The firm currently has a buy rating on the financial services provider’s stock.

COF has been the topic of a number of other reports. Piper Sandler boosted their price objective on Capital One Financial from $254.00 to $260.00 and gave the company an “overweight” rating in a research note on Monday, September 28th. BTIG Research increased their target price on shares of Capital One Financial from $224.00 to $259.00 and gave the stock a “buy” rating in a research report on Tuesday, June 30th. UBS Group lifted their target price on shares of Capital One Financial from $275.00 to $280.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Bank of America lowered their price target on shares of Capital One Financial from $234.00 to $231.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Finally, Citigroup dropped their price target on shares of Capital One Financial from $295.00 to $280.00 and set a “buy” rating on the stock in a research note on Tuesday, September 29th. Twenty-one investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Capital One Financial has a consensus rating of “Moderate Buy” and a consensus target price of $257.77.

Read Our Latest Stock Report on Capital One Financial

Capital One Financial Stock Performance

NYSE:COF opened at $195.66 on Tuesday. The company has a market capitalization of $120.04 billion, a P/E ratio of 12.11, a P/E/G ratio of 0.72 and a beta of 1.04. The business has a fifty day simple moving average of $210.85 and a two-hundred day simple moving average of $199.42. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02. Capital One Financial has a 1 year low of $174.24 and a 1 year high of $259.64.

Capital One Financial (NYSE:COF – Get Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, beating analysts’ consensus estimates of $4.79 by $1.02. The firm had revenue of $15.83 billion for the quarter, compared to analysts’ expectations of $15.76 billion. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The business’s revenue for the quarter was up 26.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.48 EPS. On average, analysts expect that Capital One Financial will post 20.32 earnings per share for the current year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were paid a $0.80 dividend. The ex-dividend date was Monday, August 17th. This represents a $3.20 annualized dividend and a yield of 1.6%. Capital One Financial’s dividend payout ratio (DPR) is currently 19.80%.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Lia Dean sold 2,193 shares of Capital One Financial stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $225.52, for a total transaction of $494,565.36. Following the completion of the transaction, the insider owned 63,261 shares of the company’s stock, valued at $14,266,620.72. The trade was a 3.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Zamsky sold 5,473 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $218.02, for a total value of $1,193,223.46. Following the sale, the insider owned 27,992 shares in the company, valued at approximately $6,102,815.84. This represents a 16.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 30,350 shares of company stock worth $6,480,382. 0.78% of the stock is owned by corporate insiders.

Institutional Trading of Capital One Financial

Several institutional investors and hedge funds have recently bought and sold shares of the company. Legacy Private Trust Co. boosted its holdings in Capital One Financial by 1,544.0% in the 3rd quarter. Legacy Private Trust Co. now owns 22,983 shares of the financial services provider’s stock valued at $4,437,000 after purchasing an additional 21,585 shares during the period. Park National Corp OH grew its position in shares of Capital One Financial by 1.9% during the 3rd quarter. Park National Corp OH now owns 95,926 shares of the financial services provider’s stock valued at $18,520,000 after purchasing an additional 1,783 shares in the last quarter. Neville Rodie & Shaw Inc. increased its holdings in shares of Capital One Financial by 117.3% in the third quarter. Neville Rodie & Shaw Inc. now owns 8,149 shares of the financial services provider’s stock worth $1,573,000 after purchasing an additional 4,399 shares during the period. Baker Tilly Wealth Management LLC increased its holdings in shares of Capital One Financial by 7.7% in the third quarter. Baker Tilly Wealth Management LLC now owns 6,303 shares of the financial services provider’s stock worth $1,217,000 after purchasing an additional 450 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of Capital One Financial by 12.0% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 10,804 shares of the financial services provider’s stock worth $1,910,000 after purchasing an additional 1,157 shares during the period. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

About Capital One Financial

(Get Free Report)

Capital One Financial Corp. is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company provides credit cards, consumer banking products, auto financing and commercial banking services through its Capital One brand.

Capital One offers credit cards for consumers and businesses, checking and savings accounts, certificates of deposit, personal loans and auto loans. Its commercial banking operations serve businesses, institutions and commercial real estate clients with lending, deposit, treasury management and other financial services.

Capital One primarily serves customers in the United States, with additional operations in Canada and the United Kingdom.

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