Capital One Financial (NYSE:COF) Stock Bumped Up to “Hold” by BMO Capital Markets

BMO Capital Markets upgraded shares of Capital One Financial (NYSE:COF) to a hold rating in a research report report published on Thursday,Zacks reports.

COF has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft set a $245.00 price target on Capital One Financial in a report on Thursday, August 20th. Wolfe Research lifted their price objective on shares of Capital One Financial from $255.00 to $275.00 and gave the stock an “outperform” rating in a report on Tuesday, August 25th. UBS Group upped their target price on shares of Capital One Financial from $275.00 to $280.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. BTIG Research increased their target price on shares of Capital One Financial from $224.00 to $259.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. Finally, Citigroup lowered their target price on shares of Capital One Financial from $295.00 to $280.00 and set a “buy” rating for the company in a report on Tuesday, September 29th. Twenty analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Capital One Financial has an average rating of “Moderate Buy” and a consensus price target of $256.09.

Capital One Financial Price Performance

Shares of NYSE COF opened at $199.14 on Thursday. The stock has a market cap of $122.17 billion, a price-to-earnings ratio of 12.32, a PEG ratio of 0.73 and a beta of 1.04. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02. Capital One Financial has a fifty-two week low of $174.24 and a fifty-two week high of $259.64. The firm’s 50-day simple moving average is $210.17 and its 200 day simple moving average is $199.65.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $5.81 EPS for the quarter, topping analysts’ consensus estimates of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%. The firm had revenue of $15.83 billion during the quarter, compared to analyst estimates of $15.76 billion. During the same period in the previous year, the company posted $5.48 EPS. The company’s revenue for the quarter was up 26.9% on a year-over-year basis. As a group, research analysts anticipate that Capital One Financial will post 20.33 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were given a $0.80 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $3.20 annualized dividend and a yield of 1.6%. Capital One Financial’s payout ratio is currently 19.80%.

Insider Transactions at Capital One Financial

In other news, insider Michael Zamsky sold 5,473 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $218.02, for a total transaction of $1,193,223.46. Following the completion of the sale, the insider directly owned 27,992 shares of the company’s stock, valued at $6,102,815.84. This trade represents a 16.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Lia Dean sold 2,193 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $225.52, for a total transaction of $494,565.36. Following the completion of the transaction, the insider directly owned 63,261 shares in the company, valued at $14,266,620.72. This trade represents a 3.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 33,850 shares of company stock worth $7,167,152. Company insiders own 0.78% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp boosted its stake in shares of Capital One Financial by 107.9% during the second quarter. State Street Corp now owns 57,278,732 shares of the financial services provider’s stock valued at $11,491,259,000 after purchasing an additional 29,724,829 shares during the period. Bank of America Corp DE purchased a new position in shares of Capital One Financial in the second quarter worth $1,435,311,000. Legal & General Group Plc purchased a new position in shares of Capital One Financial in the second quarter worth $680,983,000. Berkshire Hathaway Inc bought a new stake in Capital One Financial during the 2nd quarter valued at $601,860,000. Finally, Canada Pension Plan Investment Board bought a new stake in Capital One Financial during the 2nd quarter valued at $482,718,000. 89.84% of the stock is owned by institutional investors.

About Capital One Financial

Capital One Financial Corp. is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company provides credit cards, consumer banking products, auto financing and commercial banking services through its Capital One brand.

Capital One offers credit cards for consumers and businesses, checking and savings accounts, certificates of deposit, personal loans and auto loans. Its commercial banking operations serve businesses, institutions and commercial real estate clients with lending, deposit, treasury management and other financial services.

Capital One primarily serves customers in the United States, with additional operations in Canada and the United Kingdom.