Analysts Set Capital One Financial Corp. (COF) PT at $87.38

Capital One Financial Corp. (NYSE:COF) has been assigned a consensus rating of “Hold” from the twenty-six brokerages that are presently covering the company. Three investment analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $87.38.

Several brokerages have issued reports on COF. Bank of America Corp raised Capital One Financial Corp. from an “underperform” rating to a “neutral” rating and set a $92.00 price target on the stock in a research note on Thursday, December 15th. Citigroup Inc reissued a “focus list” rating on shares of Capital One Financial Corp. in a research note on Monday, December 19th. Stifel Nicolaus lowered Capital One Financial Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, January 31st. Wedbush reissued a “neutral” rating and issued a $90.00 price target on shares of Capital One Financial Corp. in a research note on Saturday, January 28th. Finally, DA Davidson reissued a “buy” rating on shares of Capital One Financial Corp. in a research note on Wednesday, December 14th.

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In related news, insider Christopher T. Newkirk sold 5,238 shares of the company’s stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $90.46, for a total transaction of $473,829.48. Following the completion of the sale, the insider now owns 26,364 shares in the company, valued at $2,384,887.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard D. Fairbank sold 600,000 shares of the company’s stock in a transaction on Friday, January 27th. The stock was sold at an average price of $89.12, for a total value of $53,472,000.00. The disclosure for this sale can be found here. Insiders have sold 833,201 shares of company stock valued at $74,349,136 in the last quarter. 1.94% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the company. Dodge & Cox acquired a new position in shares of Capital One Financial Corp. during the fourth quarter worth about $3,944,247,000. Capital World Investors increased its position in shares of Capital One Financial Corp. by 27.5% in the third quarter. Capital World Investors now owns 27,456,008 shares of the financial services provider’s stock worth $1,972,165,000 after buying an additional 5,914,808 shares during the period. FMR LLC increased its position in shares of Capital One Financial Corp. by 22.2% in the fourth quarter. FMR LLC now owns 29,667,288 shares of the financial services provider’s stock worth $2,588,175,000 after buying an additional 5,394,359 shares during the period. JPMorgan Chase & Co. increased its position in shares of Capital One Financial Corp. by 34.6% in the third quarter. JPMorgan Chase & Co. now owns 17,546,669 shares of the financial services provider’s stock worth $1,260,376,000 after buying an additional 4,511,539 shares during the period. Finally, Norges Bank acquired a new position in shares of Capital One Financial Corp. during the fourth quarter worth about $345,637,000. Institutional investors and hedge funds own 88.38% of the company’s stock.

Capital One Financial Corp. (NYSE:COF) opened at 86.78 on Thursday. The company has a 50 day moving average of $90.80 and a 200 day moving average of $82.59. The company has a market capitalization of $41.67 billion, a PE ratio of 12.59 and a beta of 1.24. Capital One Financial Corp. has a 1-year low of $58.03 and a 1-year high of $96.92.

Capital One Financial Corp. (NYSE:COF) last issued its quarterly earnings results on Tuesday, January 24th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.61 by $0.16. Capital One Financial Corp. had a net margin of 13.63% and a return on equity of 8.06%. The business earned $6.57 billion during the quarter, compared to analyst estimates of $6.66 billion. During the same period last year, the firm posted $1.58 earnings per share. Capital One Financial Corp.’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, analysts predict that Capital One Financial Corp. will post $7.90 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, February 24th. Investors of record on Monday, February 13th were issued a dividend of $0.40 per share. The ex-dividend date was Thursday, February 9th. This represents a $1.60 annualized dividend and a yield of 1.84%. Capital One Financial Corp.’s dividend payout ratio (DPR) is currently 23.26%.

About Capital One Financial Corp.

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