Capital One Financial (NYSE:COF) had its target price lowered by JPMorgan Chase & Co. from $198.00 to $170.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a neutral rating on the financial services provider's stock.
COF has been the subject of several other reports. Citigroup dropped their target price on Capital One Financial from $245.00 to $230.00 and set a "buy" rating for the company in a report on Monday, March 24th. Wells Fargo & Company upped their price objective on shares of Capital One Financial from $185.00 to $210.00 and gave the company an "overweight" rating in a report on Friday, January 3rd. BTIG Research raised shares of Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 target price on the stock in a research note on Tuesday, March 25th. Truist Financial dropped their price target on shares of Capital One Financial from $257.00 to $215.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Finally, Bank of America raised shares of Capital One Financial from a "neutral" rating to a "buy" rating and lifted their price target for the company from $207.00 to $235.00 in a research report on Wednesday, February 19th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $206.73.
Get Our Latest Stock Report on COF
Capital One Financial Price Performance
Shares of NYSE COF traded down $1.16 during mid-day trading on Tuesday, reaching $161.00. The company's stock had a trading volume of 5,339,028 shares, compared to its average volume of 3,044,999. The stock has a market capitalization of $61.42 billion, a P/E ratio of 13.89, a P/E/G ratio of 1.19 and a beta of 1.24. Capital One Financial has a 1-year low of $128.23 and a 1-year high of $210.67. The stock has a 50-day moving average of $182.18 and a two-hundred day moving average of $179.12. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98.
Capital One Financial (NYSE:COF - Get Free Report) last released its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share for the quarter, topping analysts' consensus estimates of $2.78 by $0.31. The business had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10.22 billion. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The business's revenue was up 7.2% on a year-over-year basis. During the same period last year, the company posted $2.81 EPS. On average, equities research analysts anticipate that Capital One Financial will post 15.65 EPS for the current fiscal year.
Capital One Financial Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.60 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a yield of 1.49%. Capital One Financial's dividend payout ratio (DPR) is presently 20.71%.
Hedge Funds Weigh In On Capital One Financial
Several institutional investors have recently modified their holdings of COF. Norges Bank acquired a new position in Capital One Financial during the 4th quarter worth $590,279,000. Lone Pine Capital LLC acquired a new position in shares of Capital One Financial during the fourth quarter worth about $577,012,000. Egerton Capital UK LLP purchased a new stake in shares of Capital One Financial during the fourth quarter worth approximately $279,159,000. FMR LLC raised its holdings in Capital One Financial by 21.6% in the fourth quarter. FMR LLC now owns 8,077,886 shares of the financial services provider's stock valued at $1,440,449,000 after acquiring an additional 1,436,935 shares in the last quarter. Finally, Meritage Group LP purchased a new position in Capital One Financial in the fourth quarter worth approximately $227,662,000. Institutional investors and hedge funds own 89.84% of the company's stock.
Capital One Financial Company Profile
(
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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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