Capital One Financial Corporation (NYSE:COF) Price Target Raised to $98.00

Capital One Financial Corporation (NYSE:COF) had its price target lifted by Wells Fargo & Company from $96.00 to $98.00 in a research note published on Wednesday, October 25th. Wells Fargo & Company currently has an outperform rating on the financial services provider’s stock.

Other research analysts have also recently issued reports about the company. Zacks Investment Research raised Capital One Financial Corporation from a sell rating to a hold rating in a research note on Thursday, July 27th. UBS AG raised Capital One Financial Corporation from an underperform rating to a market perform rating in a research note on Friday, July 21st. BidaskClub cut Capital One Financial Corporation from a sell rating to a strong sell rating in a research note on Monday, August 14th. Keefe, Bruyette & Woods set a $106.00 price objective on Capital One Financial Corporation and gave the company a buy rating in a research note on Tuesday, August 15th. Finally, Instinet reissued a buy rating and issued a $96.00 target price (down from $101.00) on shares of Capital One Financial Corporation in a research note on Wednesday, July 12th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $95.00.

Shares of Capital One Financial Corporation (NYSE:COF) opened at $87.15 on Wednesday. The stock has a market capitalization of $42,245.44, a price-to-earnings ratio of 11.50, a P/E/G ratio of 1.30 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 12-month low of $76.05 and a 12-month 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 business had revenue of $6.99 billion for 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 was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.03 earnings per share. analysts expect that Capital One Financial Corporation will post 7.94 EPS for the current fiscal year.

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

In other news, Director Ann F. Hackett sold 11,055 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 69,066 shares in the company, valued at approximately $6,297,437.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mayo A. Shattuck III sold 24,167 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $92.71, for a total transaction of $2,240,522.57. Following the sale, the director now owns 59,613 shares in the company, valued at $5,526,721.23. The disclosure for this sale can be found here. Insiders have sold a total of 43,514 shares of company stock worth $4,011,299 over the last 90 days. Corporate insiders own 1.73% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Zeke Capital Advisors LLC lifted its position in shares of Capital One Financial Corporation by 203.1% in the 3rd quarter. Zeke Capital Advisors LLC now owns 9,205 shares of the financial services provider’s stock worth $779,000 after purchasing an additional 6,168 shares during the period. Amalgamated Bank lifted its position in shares of Capital One Financial Corporation by 1.9% in the 3rd quarter. Amalgamated Bank now owns 55,447 shares of the financial services provider’s stock worth $4,694,000 after purchasing an additional 1,021 shares during the period. Gould Asset Management LLC CA purchased a new stake in shares of Capital One Financial Corporation in the 3rd quarter worth approximately $203,000. Twin Capital Management Inc. purchased a new stake in shares of Capital One Financial Corporation in the 3rd quarter worth approximately $2,479,000. Finally, Evanston Investments Inc. dba Evanston Advisors lifted its position in shares of Capital One Financial Corporation by 1.4% in the 3rd quarter. Evanston Investments Inc. dba Evanston Advisors now owns 93,074 shares of the financial services provider’s stock worth $7,880,000 after purchasing an additional 1,292 shares during the period. Institutional investors and hedge funds own 87.40% of the company’s stock.

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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