Capital One Financial Corporation (NYSE:COF) Price Target Increased to $91.00 by Analysts at Bank of America Corporation

Capital One Financial Corporation (NYSE:COF) had its price objective boosted by Bank of America Corporation from $89.00 to $91.00 in a research note released on Wednesday, October 25th. Bank of America Corporation currently has a neutral rating on the financial services provider’s stock.

Several other analysts have also commented on COF. BidaskClub raised Capital One Financial Corporation from a sell rating to a hold rating in a report on Thursday, June 29th. Wedbush lowered Capital One Financial Corporation from a neutral rating to an underperform rating and cut their price target for the company from $94.00 to $80.00 in a report on Wednesday, July 5th. Morgan Stanley reissued an overweight rating and set a $97.00 price target (down previously from $100.00) on shares of Capital One Financial Corporation in a report on Thursday, July 6th. Oppenheimer Holdings, Inc. set a $82.00 price target on Capital One Financial Corporation and gave the company a sell rating in a report on Tuesday, July 11th. Finally, CIBC restated an underperform rating on shares of Capital One Financial Corporation in a research report on Tuesday, July 11th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Capital One Financial Corporation has an average rating of Hold and a consensus price target of $95.00.

Capital One Financial Corporation (NYSE COF) opened at $87.15 on Wednesday. The company has a market capitalization of $42,710.81, a P/E ratio of 11.62, a PEG ratio of 1.32 and a beta of 1.30. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.07 and a quick ratio of 1.06. Capital One Financial Corporation has a one year low of $76.05 and a one year high of $96.92.

Capital One Financial Corporation (NYSE:COF) last released its earnings results on Tuesday, October 24th. The financial services provider reported $2.42 EPS for the quarter, beating the Zacks’ consensus estimate of $2.15 by $0.27. The company had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $6.81 billion. Capital One Financial Corporation had a return on equity of 8.25% and a net margin of 13.34%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.03 EPS. analysts expect that Capital One Financial Corporation will post 7.94 earnings per share for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Monday, November 13th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend is Friday, November 10th. Capital One Financial Corporation’s payout ratio is presently 22.63%.

In related news, insider Michael Slocum sold 8,292 shares of Capital One Financial Corporation stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $91.99, for a total value of $762,781.08. Following the completion of the sale, the insider now owns 53,613 shares in the company, valued at approximately $4,931,859.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ann F. Hackett sold 11,055 shares of Capital One Financial Corporation stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $91.18, for a total transaction of $1,007,994.90. Following the completion of the sale, the director now owns 69,066 shares of the company’s stock, valued at approximately $6,297,437.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 43,514 shares of company stock worth $4,011,299. Corporate insiders own 1.73% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. BB&T Investment Services Inc. purchased a new stake in shares of Capital One Financial Corporation in the second quarter valued at about $108,000. Seven Eight Capital LP raised its holdings in Capital One Financial Corporation by 16.7% during the second quarter. Seven Eight Capital LP now owns 1,400 shares of the financial services provider’s stock worth $116,000 after purchasing an additional 200 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its holdings in Capital One Financial Corporation by 47.1% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,652 shares of the financial services provider’s stock worth $137,000 after purchasing an additional 529 shares in the last quarter. Archford Capital Strategies LLC raised its holdings in Capital One Financial Corporation by 8,078.3% during the second quarter. Archford Capital Strategies LLC now owns 4,907 shares of the financial services provider’s stock worth $140,000 after purchasing an additional 4,847 shares in the last quarter. Finally, Westside Investment Management Inc. raised its holdings in Capital One Financial Corporation by 48.0% during the second quarter. Westside Investment Management Inc. now owns 1,745 shares of the financial services provider’s stock worth $143,000 after purchasing an additional 566 shares in the last quarter. 87.40% of the stock is owned by hedge funds and other institutional investors.

About Capital One Financial Corporation

Capital One Financial Corporation is a diversified financial services holding company. The Company, along with its subsidiaries, offers a range of financial products and services to consumers, small businesses and commercial clients through branches, the Internet and other distribution channels. The Company’s segments include Credit Card, Consumer Banking, Commercial Banking and Other.

Analyst Recommendations for Capital One Financial Corporation (NYSE:COF)

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