Capital One Financial (NYSE:COF) Given New $260.00 Price Target at TD Cowen

Capital One Financial (NYSE:COF) had its price objective trimmed by TD Cowen from $290.00 to $260.00 in a research report report published on Tuesday morning,MarketScreener reports. The brokerage currently has a buy rating on the financial services provider’s stock.

Other equities analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Capital One Financial from $263.00 to $256.00 and set a “hold” rating for the company in a research note on Friday, January 23rd. The Goldman Sachs Group restated a “buy” rating and issued a $300.00 price objective on shares of Capital One Financial in a report on Tuesday, January 6th. Wolfe Research lowered their target price on Capital One Financial from $294.00 to $280.00 and set an “outperform” rating for the company in a research report on Friday, January 23rd. Wells Fargo & Company lifted their target price on Capital One Financial from $265.00 to $280.00 and gave the stock an “overweight” rating in a report on Monday, January 5th. Finally, Truist Financial reduced their price target on Capital One Financial from $290.00 to $275.00 and set a “buy” rating on the stock in a research report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Capital One Financial presently has an average rating of “Moderate Buy” and a consensus target price of $274.45.

View Our Latest Stock Report on COF

Capital One Financial Trading Up 2.1%

Shares of COF stock traded up $3.86 during mid-day trading on Tuesday, reaching $186.29. 1,206,164 shares of the stock traded hands, compared to its average volume of 5,675,877. The company has a market cap of $115.86 billion, a price-to-earnings ratio of 62.85, a price-to-earnings-growth ratio of 0.54 and a beta of 1.14. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.44. The stock’s fifty day simple moving average is $200.95 and its two-hundred day simple moving average is $217.22. Capital One Financial has a 1-year low of $143.22 and a 1-year high of $259.64.

Capital One Financial (NYSE:COFGet Free Report) last issued its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.28). Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. The business had revenue of $15.62 billion during the quarter, compared to the consensus estimate of $15.49 billion. During the same quarter last year, the business earned $2.67 EPS. The firm’s quarterly revenue was up 53.3% compared to the same quarter last year. On average, research analysts anticipate that Capital One Financial will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 19th were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Thursday, February 19th. Capital One Financial’s dividend payout ratio (DPR) is currently 108.11%.

Insiders Place Their Bets

In other Capital One Financial news, insider Celia Karam sold 2,108 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $218.25, for a total transaction of $460,071.00. Following the sale, the insider owned 59,269 shares of the company’s stock, valued at approximately $12,935,459.25. This represents a 3.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ravi Raghu sold 13,450 shares of the stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $250.00, for a total value of $3,362,500.00. Following the sale, the insider owned 30,337 shares of the company’s stock, valued at approximately $7,584,250. The trade was a 30.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 67,933 shares of company stock valued at $14,363,897 over the last quarter. Company insiders own 1.26% of the company’s stock.

Institutional Investors Weigh In On Capital One Financial

Large investors have recently added to or reduced their stakes in the business. Cortland Associates Inc. MO bought a new position in shares of Capital One Financial in the 3rd quarter worth $14,391,000. CIBC Asset Management Inc raised its holdings in Capital One Financial by 53.9% during the second quarter. CIBC Asset Management Inc now owns 88,505 shares of the financial services provider’s stock worth $18,830,000 after buying an additional 30,991 shares during the last quarter. Meridian Wealth Management LLC lifted its stake in shares of Capital One Financial by 334.8% in the third quarter. Meridian Wealth Management LLC now owns 9,404 shares of the financial services provider’s stock valued at $1,999,000 after buying an additional 7,241 shares in the last quarter. Montecito Bank & Trust bought a new position in shares of Capital One Financial in the third quarter valued at $647,000. Finally, National Pension Service grew its holdings in shares of Capital One Financial by 4.0% during the third quarter. National Pension Service now owns 1,552,736 shares of the financial services provider’s stock valued at $330,081,000 after buying an additional 59,100 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Key Headlines Impacting Capital One Financial

Here are the key news stories impacting Capital One Financial this week:

Capital One Financial Company Profile

(Get Free Report)

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.

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Analyst Recommendations for Capital One Financial (NYSE:COF)

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