Capital One Financial (NYSE:COF) had its price target upped by Morgan Stanley from $110.00 to $111.00 in a research note published on Friday, February 2nd. They currently have an equal weight rating on the financial services provider’s stock.
COF has been the topic of several other reports. Piper Jaffray Companies upgraded Capital One Financial from an underweight rating to a neutral rating and set a $81.00 price objective on the stock in a research note on Monday, December 18th. Bank of America upgraded Capital One Financial from a neutral rating to a buy rating and set a $107.00 price objective on the stock in a research note on Monday, December 18th. Buckingham Research increased their price target on Capital One Financial from $110.00 to $120.00 and gave the stock a buy rating in a research report on Wednesday, January 24th. Wells Fargo & Co restated an outperform rating and set a $117.00 price target (up from $112.00) on shares of Capital One Financial in a research report on Wednesday, January 24th. Finally, Credit Suisse Group increased their price target on Capital One Financial from $106.00 to $110.00 and gave the stock a neutral rating in a research report on Wednesday, January 24th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the stock. Capital One Financial currently has a consensus rating of Hold and a consensus price target of $106.14.
Capital One Financial (NYSE COF) opened at $95.19 on Friday. The stock has a market capitalization of $44,675.71, a price-to-earnings ratio of 27.59, a P/E/G ratio of 0.84 and a beta of 1.33. Capital One Financial has a 1-year low of $76.05 and a 1-year high of $106.50. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.23.
Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $1.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.23). Capital One Financial had a return on equity of 8.36% and a net margin of 6.89%. The company had revenue of $7 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same period in the prior year, the firm earned $1.45 EPS. Capital One Financial’s quarterly revenue was up 6.6% on a year-over-year basis. analysts anticipate that Capital One Financial will post 9.72 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 12th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Friday, February 9th. Capital One Financial’s dividend payout ratio (DPR) is presently 46.38%.
Capital One Financial declared that its board has initiated a share buyback program on Tuesday, December 26th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.
In other Capital One Financial news, CEO Richard D. Fairbank sold 485,202 shares of the stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $105.09, for a total transaction of $50,989,878.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John G. Finneran, Jr. sold 67,892 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $105.03, for a total value of $7,130,696.76. Following the completion of the transaction, the insider now owns 96,551 shares of the company’s stock, valued at approximately $10,140,751.53. The disclosure for this sale can be found here. In the last quarter, insiders have sold 954,948 shares of company stock valued at $97,433,019. Corporate insiders own 1.73% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Davis Selected Advisers lifted its stake in Capital One Financial by 43.7% in the 3rd quarter. Davis Selected Advisers now owns 11,581,237 shares of the financial services provider’s stock valued at $980,149,000 after purchasing an additional 3,519,332 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in Capital One Financial by 5.7% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 6,317,935 shares of the financial services provider’s stock valued at $534,876,000 after purchasing an additional 338,678 shares during the last quarter. LSV Asset Management lifted its stake in Capital One Financial by 13.2% in the 4th quarter. LSV Asset Management now owns 4,774,254 shares of the financial services provider’s stock valued at $475,420,000 after purchasing an additional 557,665 shares during the last quarter. Pzena Investment Management LLC lifted its stake in Capital One Financial by 1.6% in the 4th quarter. Pzena Investment Management LLC now owns 4,660,524 shares of the financial services provider’s stock valued at $464,095,000 after purchasing an additional 71,616 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Capital One Financial by 2.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,504,636 shares of the financial services provider’s stock valued at $381,341,000 after purchasing an additional 90,233 shares during the last quarter. Institutional investors own 89.16% of the company’s stock.
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About Capital One Financial
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.
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