Capital One Financial (NYSE:COF) Raised to Buy at Bank of America

Bank of America upgraded shares of Capital One Financial (NYSE:COF) from a neutral rating to a buy rating in a report released on Wednesday, Marketbeat Ratings reports. They currently have $235.00 price objective on the financial services provider's stock, up from their prior price objective of $207.00.

A number of other analysts have also recently commented on the stock. 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 research report on Friday, January 3rd. JPMorgan Chase & Co. raised their price target on Capital One Financial from $162.00 to $186.00 and gave the stock a "neutral" rating in a research report on Monday, December 9th. Argus raised shares of Capital One Financial to a "strong-buy" rating in a research note on Thursday, January 23rd. Hsbc Global Res raised shares of Capital One Financial from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, January 14th. Finally, UBS Group raised shares of Capital One Financial from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $168.00 to $235.00 in a research report on Monday, January 13th. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $198.50.

Capital One Financial Trading Down 2.4 %

COF traded down $4.99 during midday trading on Wednesday, reaching $200.38. 3,931,608 shares of the company were exchanged, compared to its average volume of 3,388,026. The stock has a market capitalization of $76.39 billion, a P/E ratio of 17.29, a PEG ratio of 1.21 and a beta of 1.47. Capital One Financial has a one year low of $128.23 and a one year high of $210.67. The stock's 50-day simple moving average is $191.14 and its 200 day simple moving average is $170.00. 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 quarterly earnings data on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The business had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same quarter last year, the firm earned $2.81 EPS. Capital One Financial's quarterly revenue was up 7.2% compared to the same quarter last year. As a group, analysts forecast that Capital One Financial will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a yield of 1.20%. Capital One Financial's payout ratio is 20.71%.

Institutional Trading of Capital One Financial

Large investors have recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. lifted its stake in Capital One Financial by 5.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 146,769 shares of the financial services provider's stock valued at $21,976,000 after purchasing an additional 7,331 shares during the last quarter. Principal Financial Group Inc. raised its stake in Capital One Financial by 4.3% in the third quarter. Principal Financial Group Inc. now owns 430,654 shares of the financial services provider's stock valued at $64,482,000 after buying an additional 17,825 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Capital One Financial by 4.5% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 46,174 shares of the financial services provider's stock valued at $8,234,000 after buying an additional 2,006 shares during the last quarter. Catalina Capital Group LLC boosted its stake in shares of Capital One Financial by 8.1% during the 3rd quarter. Catalina Capital Group LLC now owns 1,609 shares of the financial services provider's stock worth $241,000 after acquiring an additional 121 shares during the period. Finally, CWA Asset Management Group LLC acquired a new position in shares of Capital One Financial during the 3rd quarter worth approximately $1,649,000. Institutional investors and hedge funds own 89.84% of the company's stock.

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.