Capital One Financial (NYSE:COF) Given New $220.00 Price Target at Barclays

Capital One Financial (NYSE:COF) had its price objective hoisted by Barclays from $219.00 to $220.00 in a report issued on Wednesday morning,Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

A number of other research firms have also recently commented on COF. Hsbc Global Res raised shares of Capital One Financial from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 14th. HSBC upgraded shares of Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price objective on the stock in a report on Tuesday, January 14th. Evercore ISI lifted their target price on shares of Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their target price on Capital One Financial from $162.00 to $186.00 and gave the company a “neutral” rating in a research report on Monday, December 9th. Finally, Bank of America lowered Capital One Financial from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $203.00 to $200.00 in a research report on Monday, December 9th. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Capital One Financial presently has an average rating of “Hold” and a consensus target price of $190.47.

Capital One Financial Price Performance

Capital One Financial stock opened at $201.21 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.78. The company has a 50-day moving average price of $183.98 and a 200 day moving average price of $161.38. Capital One Financial has a 12-month low of $128.23 and a 12-month high of $202.15. The stock has a market cap of $76.71 billion, a P/E ratio of 19.00, a PEG ratio of 1.23 and a beta of 1.46.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.31. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The company had revenue of $10.19 billion during the quarter, compared to analysts’ expectations of $10,220,675.12 billion. During the same quarter last year, the firm earned $2.81 earnings per share. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. Sell-side analysts anticipate that Capital One Financial will post 13.53 earnings per share for the current year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 14th were issued a $0.60 dividend. The ex-dividend date was Thursday, November 14th. This represents a $2.40 annualized dividend and a yield of 1.19%. Capital One Financial’s dividend payout ratio (DPR) is 22.66%.

Insiders Place Their Bets

In other Capital One Financial news, insider Michael Zamsky sold 10,541 shares of Capital One Financial stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the completion of the sale, the insider now directly owns 26,482 shares of the company’s stock, valued at $5,038,465.32. The trade was a 28.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Mark Daniel Mouadeb sold 1,994 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $162.37, for a total value of $323,765.78. Following the completion of the transaction, the insider now owns 19,776 shares in the company, valued at approximately $3,211,029.12. The trade was a 9.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,256 shares of company stock worth $2,462,487 in the last 90 days. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of Capital One Financial

Several institutional investors have recently modified their holdings of COF. FMR LLC raised its stake in Capital One Financial by 21.4% during the 3rd quarter. FMR LLC now owns 6,640,951 shares of the financial services provider’s stock worth $994,350,000 after acquiring an additional 1,169,395 shares in the last quarter. Eminence Capital LP purchased a new position in shares of Capital One Financial during the second quarter worth about $127,465,000. International Assets Investment Management LLC acquired a new stake in shares of Capital One Financial during the fourth quarter worth about $130,683,000. Wellington Management Group LLP increased its position in shares of Capital One Financial by 268.7% during the third quarter. Wellington Management Group LLP now owns 975,439 shares of the financial services provider’s stock worth $146,052,000 after purchasing an additional 710,881 shares in the last quarter. Finally, Southpoint Capital Advisors LP purchased a new stake in shares of Capital One Financial in the 3rd quarter valued at about $104,811,000. Hedge funds and other institutional investors 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.