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

Capital One Financial (NYSE:COF) had its price target increased by Keefe, Bruyette & Woods from $260.00 to $290.00 in a report issued on Friday, Marketbeat.com reports. The firm currently has an outperform rating on the financial services provider’s stock.

COF has been the subject of a number of other research reports. JPMorgan Chase & Co. lifted their target price on Capital One Financial from $235.00 to $237.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Capital One Financial from $240.00 to $263.00 and gave the company a “hold” rating in a research note on Wednesday, December 17th. Citigroup increased their target price on shares of Capital One Financial from $290.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday. Truist Financial raised their price target on shares of Capital One Financial from $270.00 to $290.00 and gave the company a “buy” rating in a report on Friday, December 19th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $280.00 price target on shares of Capital One Financial in a report on Tuesday, December 16th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $269.95.

Capital One Financial Stock Up 2.2%

Capital One Financial stock opened at $247.74 on Friday. The firm has a 50 day simple moving average of $227.17 and a 200 day simple moving average of $220.47. 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 1-year low of $143.22 and a 1-year high of $249.74. The firm has a market capitalization of $157.50 billion, a price-to-earnings ratio of 104.53, a P/E/G ratio of 0.56 and a beta of 1.13.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Monday, November 3rd. The financial services provider reported $5.95 EPS for the quarter. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%.The firm had revenue of $15.46 billion during the quarter. On average, analysts predict that Capital One Financial will post 15.65 earnings per share for the current year.

Capital One Financial Increases Dividend

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

Insider Activity

In related news, insider Neal Blinde sold 43,200 shares of the firm’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $221.83, for a total transaction of $9,583,056.00. Following the transaction, the insider directly owned 73,020 shares of the company’s stock, valued at approximately $16,198,026.60. This trade represents a 37.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Celia Karam sold 2,936 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $218.15, for a total value of $640,488.40. Following the completion of the sale, the insider owned 63,433 shares of the company’s stock, valued at $13,837,908.95. The trade was a 4.42% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 278,218 shares of company stock worth $61,971,824. 1.26% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Capital One Financial

A number of institutional investors have recently made changes to their positions in the business. Kingstone Capital Partners Texas LLC grew its stake in shares of Capital One Financial by 588,668.3% during 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 buying an additional 117,427,549 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Capital One Financial by 74.8% during the 2nd quarter. Vanguard Group Inc. now owns 56,380,913 shares of the financial services provider’s stock valued at $11,995,603,000 after acquiring an additional 24,129,990 shares during the period. State Street Corp grew its position in Capital One Financial by 63.4% during the 2nd quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock worth $5,910,500,000 after acquiring an additional 10,776,843 shares during the last quarter. Norges Bank purchased a new position in Capital One Financial in the 2nd quarter worth approximately $1,701,511,000. Finally, Geode Capital Management LLC boosted its stake in shares of Capital One Financial by 64.1% during the second 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 purchasing an additional 5,474,328 shares during the period. Hedge funds and other institutional investors own 89.84% of the company’s stock.

About Capital One Financial

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.