Capital One Financial (NYSE:COF) Cut to "Neutral" at Bank of America

Bank of America downgraded shares of Capital One Financial (NYSE:COF) from a buy rating to a neutral rating in a report issued on Monday morning, MarketBeat Ratings reports. The brokerage currently has $200.00 target price on the financial services provider's stock, down from their previous target price of $203.00.

Several other research analysts have also commented on COF. Robert W. Baird boosted their price objective on shares of Capital One Financial from $145.00 to $150.00 and gave the stock a "neutral" rating in a research note on Friday, October 25th. JPMorgan Chase & Co. increased their price objective on Capital One Financial from $156.00 to $157.00 and gave the company a "neutral" rating in a report on Monday, October 7th. The Goldman Sachs Group boosted their target price on Capital One Financial from $182.00 to $205.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Evercore ISI increased their price target on Capital One Financial from $163.00 to $184.00 and gave the company an "in-line" rating in a research note on Wednesday, October 30th. Finally, Barclays boosted their price target on Capital One Financial from $154.00 to $158.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 8th. Twelve equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $168.47.

Capital One Financial Stock Down 1.7 %

Capital One Financial stock traded down $3.24 during mid-day trading on Monday, reaching $184.72. 3,096,977 shares of the company were exchanged, compared to its average volume of 2,567,380. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market cap of $70.47 billion, a P/E ratio of 17.67, a PEG ratio of 1.37 and a beta of 1.45. The business has a fifty day moving average of $170.41 and a 200 day moving average of $151.15. Capital One Financial has a 12-month low of $117.13 and a 12-month high of $198.30.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, beating analysts' consensus estimates of $3.70 by $0.81. The company had revenue of $10 billion for the quarter, compared to the consensus estimate of $9.88 billion. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The firm's revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the company earned $4.45 earnings per share. Research analysts anticipate that Capital One Financial will post 13.54 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Thursday, November 14th. Capital One Financial's payout ratio is presently 22.66%.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Kara West sold 721 shares of the company's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $184.73, for a total transaction of $133,190.33. Following the completion of the transaction, the insider now directly owns 12,929 shares in the company, valued at approximately $2,388,374.17. This represents a 5.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Michael Zamsky sold 10,541 shares of Capital One Financial stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the completion of the sale, the insider now owns 26,482 shares in the company, valued at approximately $5,038,465.32. This trade represents a 28.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,007 shares of company stock valued at $4,982,647 in the last 90 days. 1.30% of the stock is currently owned by company insiders.

Institutional Trading of Capital One Financial

Several large investors have recently made changes to their positions in the company. Y.D. More Investments Ltd acquired a new position in Capital One Financial during the second quarter worth about $28,000. Hobbs Group Advisors LLC acquired a new position in shares of Capital One Financial during the 2nd quarter worth approximately $29,000. Unique Wealth Strategies LLC purchased a new stake in shares of Capital One Financial in the second quarter valued at approximately $36,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Capital One Financial in the third quarter valued at approximately $36,000. Finally, Accordant Advisory Group Inc purchased a new position in Capital One Financial during the second quarter worth approximately $42,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

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.