Capital One Financial’s (COF) “Buy” Rating Reiterated at BTIG Research

BTIG Research reissued their buy rating on shares of Capital One Financial (NYSE:COF) in a report released on Wednesday,Benzinga reports. The brokerage currently has a $264.00 price target on the financial services provider’s stock.

Several other equities analysts have also recently commented on COF. Wells Fargo & Company increased their price target on shares of Capital One Financial from $225.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. Wall Street Zen raised shares of Capital One Financial from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. Truist Financial increased their price target on shares of Capital One Financial from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. UBS Group reduced their price target on shares of Capital One Financial from $270.00 to $266.00 and set a “buy” rating on the stock in a research report on Tuesday, October 7th. Finally, Citigroup increased their price target on shares of Capital One Financial from $250.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $260.79.

Capital One Financial Stock Performance

NYSE:COF opened at $224.93 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 1.02. The firm has a 50-day moving average of $219.38 and a two-hundred day moving average of $205.25. The stock has a market cap of $143.85 billion, a P/E ratio of 94.91, a PEG ratio of 0.77 and a beta of 1.18. Capital One Financial has a 1-year low of $143.22 and a 1-year high of $232.45.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $5.95 earnings per share for the quarter, beating analysts’ consensus estimates of $4.25 by $1.70. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. The company had revenue of $15.36 billion during the quarter, compared to analysts’ expectations of $15.06 billion. During the same period in the prior year, the company posted $4.51 EPS. The firm’s revenue for the quarter was up 53.4% on a year-over-year basis. On average, research analysts expect that Capital One Financial will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were paid a dividend of $0.60 per share. The ex-dividend date was Friday, August 15th. This represents a $2.40 annualized dividend and a yield of 1.1%. Capital One Financial’s dividend payout ratio is 101.27%.

Insider Buying and Selling

In other Capital One Financial news, insider Michael Zamsky sold 5,515 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $209.59, for a total value of $1,155,888.85. Following the sale, the insider owned 27,364 shares in the company, valued at approximately $5,735,220.76. This trade represents a 16.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total transaction of $423,980.00. Following the completion of the sale, the general counsel owned 98,486 shares in the company, valued at $20,878,047.14. The trade was a 1.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,184 shares of company stock worth $2,799,248 over the last quarter. 1.26% of the stock is owned by company insiders.

Institutional Investors Weigh In On Capital One Financial

Several large investors have recently made changes to their positions in the company. Mather Group LLC. increased its stake in shares of Capital One Financial by 1.0% in the third quarter. Mather Group LLC. now owns 4,540 shares of the financial services provider’s stock valued at $965,000 after purchasing an additional 47 shares during the period. Eagle Bay Advisors LLC increased its stake in shares of Capital One Financial by 3.6% in the second quarter. Eagle Bay Advisors LLC now owns 1,407 shares of the financial services provider’s stock valued at $299,000 after purchasing an additional 49 shares during the period. Optas LLC increased its stake in shares of Capital One Financial by 1.4% in the third quarter. Optas LLC now owns 3,484 shares of the financial services provider’s stock valued at $741,000 after purchasing an additional 49 shares during the period. Cantor Fitzgerald Investment Advisors L.P. boosted its holdings in shares of Capital One Financial by 0.3% in the second quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 16,603 shares of the financial services provider’s stock valued at $3,532,000 after acquiring an additional 50 shares in the last quarter. Finally, Atlantic Edge Private Wealth Management LLC boosted its holdings in shares of Capital One Financial by 66.7% in the second quarter. Atlantic Edge Private Wealth Management LLC now owns 125 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 50 shares in the last quarter. Institutional investors and hedge funds 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.