Capital One Financial (NYSE:COF) Given New $163.00 Price Target at Evercore ISI

by · The Cerbat Gem

Capital One Financial (NYSE:COF) had its target price trimmed by Evercore ISI from $166.00 to $163.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has an in-line rating on the financial services provider’s stock.

Several other analysts have also weighed in on the company. Royal Bank of Canada restated a sector perform rating and issued a $150.00 price objective on shares of Capital One Financial in a report on Thursday, July 25th. JPMorgan Chase & Co. lifted their price objective on shares of Capital One Financial from $148.00 to $155.00 and gave the stock a neutral rating in a research note on Monday, July 8th. Citigroup initiated coverage on shares of Capital One Financial in a research note on Friday, September 20th. They set a buy rating and a $190.00 target price for the company. Finally, Bank of America upped their price target on Capital One Financial from $158.00 to $161.00 and gave the company a buy rating in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and an average target price of $148.00.

View Our Latest Analysis on COF

Capital One Financial Stock Performance

Shares of NYSE COF opened at $151.13 on Monday. Capital One Financial has a 12-month low of $88.23 and a 12-month high of $154.18. The company has a market cap of $57.46 billion, a PE ratio of 11.79, a P/E/G ratio of 1.21 and a beta of 1.44. The stock has a 50 day simple moving average of $142.75 and a 200-day simple moving average of $141.83. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.81.

Capital One Financial (NYSE:COF – Get Free Report) last announced its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.14). The business had revenue of $9.51 billion for the quarter, compared to analyst estimates of $9.57 billion. Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm posted $3.52 EPS. On average, equities research analysts forecast that Capital One Financial will post 12.91 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend was Monday, August 12th. Capital One Financial’s dividend payout ratio is currently 18.79%.

Insider Buying and Selling at Capital One Financial

In other news, CEO Kevin S. Borgmann sold 61,532 shares of Capital One Financial stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total value of $8,175,141.52. Following the completion of the transaction, the chief executive officer now owns 40,934 shares in the company, valued at approximately $5,438,491.24. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Kevin S. Borgmann sold 61,532 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the completion of the sale, the chief executive officer now directly owns 40,934 shares of the company’s stock, valued at $5,438,491.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Robert M. Alexander sold 30,742 shares of the business’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total value of $4,611,300.00. Following the completion of the transaction, the insider now directly owns 73,734 shares in the company, valued at approximately $11,060,100. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Capital One Financial

Institutional investors and hedge funds have recently made changes to their positions in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in Capital One Financial by 21.4% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 27,493 shares of the financial services provider’s stock worth $4,093,000 after purchasing an additional 4,840 shares during the period. Twin Tree Management LP boosted its stake in shares of Capital One Financial by 5.6% in the 1st quarter. Twin Tree Management LP now owns 68,504 shares of the financial services provider’s stock valued at $10,200,000 after purchasing an additional 3,609 shares during the last quarter. Clear Harbor Asset Management LLC acquired a new stake in shares of Capital One Financial during the 2nd quarter worth approximately $511,000. QRG Capital Management Inc. raised its stake in shares of Capital One Financial by 3.2% during the second quarter. QRG Capital Management Inc. now owns 122,264 shares of the financial services provider’s stock worth $16,927,000 after buying an additional 3,776 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in Capital One Financial by 20.4% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 15,817 shares of the financial services provider’s stock valued at $2,355,000 after buying an additional 2,675 shares during the period. Institutional investors own 89.84% of the company’s stock.

About Capital One Financial

(Get Free Report)

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.

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