Truist Financial Raises Capital One Financial (NYSE:COF) Price Target to $260.00

Capital One Financial (NYSE:COF) had its price objective upped by Truist Financial from $225.00 to $260.00 in a research report released on Monday,Benzinga reports. Truist Financial currently has a buy rating on the financial services provider’s stock.

Other analysts have also recently issued reports about the stock. Wells Fargo & Company upped their target price on shares of Capital One Financial from $225.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, July 25th. Keefe, Bruyette & Woods upped their target price on shares of Capital One Financial from $248.00 to $260.00 and gave the company an “outperform” rating in a report on Wednesday, July 23rd. TD Cowen raised shares of Capital One Financial from a “hold” rating to a “buy” rating and upped their target price for the company from $184.00 to $258.00 in a report on Tuesday, July 8th. Royal Bank Of Canada upped their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the company a “sector perform” rating in a report on Wednesday, July 23rd. Finally, Wall Street Zen raised shares of Capital One Financial from a “hold” rating to a “buy” rating in a report on Friday, July 18th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $235.40.

Capital One Financial Stock Up 0.7%

NYSE:COF opened at $215.29 on Monday. The firm has a market cap of $82.49 billion, a P/E ratio of 110.41, a P/E/G ratio of 0.84 and a beta of 1.15. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. Capital One Financial has a fifty-two week low of $128.23 and a fifty-two week high of $232.45. The firm has a 50-day simple moving average of $205.92 and a two-hundred day simple moving average of $192.22.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $3.55. The company had revenue of $12.49 billion during the quarter, compared to the consensus estimate of $12.72 billion. During the same quarter in the prior year, the firm earned $3.14 earnings per share. The business’s revenue was up 31.4% compared to the same quarter last year. Analysts predict that Capital One Financial will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.40 annualized dividend and a dividend yield of 1.11%. Capital One Financial’s dividend payout ratio (DPR) is presently 123.08%.

Insider Transactions at Capital One Financial

In related news, insider Michael Zamsky sold 9,560 shares of the firm’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $199.40, for a total value of $1,906,264.00. Following the transaction, the insider owned 20,089 shares of the company’s stock, valued at $4,005,746.60. This trade represents a 32.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ann F. Hackett sold 1,658 shares of the firm’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $198.70, for a total transaction of $329,444.60. Following the completion of the transaction, the director directly owned 56,244 shares in the company, valued at $11,175,682.80. This represents a 2.86% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,332 shares of company stock worth $4,540,285. 1.26% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. First Citizens Bank & Trust Co. increased its position in Capital One Financial by 310.4% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 9,110 shares of the financial services provider’s stock valued at $1,938,000 after purchasing an additional 6,890 shares during the period. Roman Butler Fullerton & Co. increased its position in Capital One Financial by 124.3% during the 2nd quarter. Roman Butler Fullerton & Co. now owns 4,193 shares of the financial services provider’s stock valued at $892,000 after purchasing an additional 2,324 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in Capital One Financial during the 2nd quarter valued at about $3,766,000. Bleakley Financial Group LLC purchased a new position in Capital One Financial during the 2nd quarter valued at about $3,992,000. Finally, Insight Advisors LLC PA purchased a new position in Capital One Financial during the 2nd quarter valued at about $205,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

About Capital One Financial

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.