Capital One Financial Co. (NYSE:COF) Forecasted to Earn Q3 2024 Earnings of $3.82 Per Share

Capital One Financial Co. (NYSE:COF - Free Report) - Research analysts at Seaport Res Ptn reduced their Q3 2024 earnings per share estimates for Capital One Financial in a report released on Tuesday, September 24th. Seaport Res Ptn analyst W. Ryan now expects that the financial services provider will post earnings of $3.82 per share for the quarter, down from their previous forecast of $3.89. The consensus estimate for Capital One Financial's current full-year earnings is $12.91 per share. Seaport Res Ptn also issued estimates for Capital One Financial's Q4 2024 earnings at $2.71 EPS.

Several other research firms have also weighed in on COF. Jefferies Financial Group upgraded Capital One Financial from a "hold" rating to a "buy" rating and upped their price objective for the company from $145.00 to $165.00 in a research note on Thursday, June 6th. Citigroup assumed coverage on Capital One Financial in a report on Friday, September 20th. They set a "buy" rating and a $190.00 price objective for the company. Bank of America upped their target price on shares of Capital One Financial from $158.00 to $161.00 and gave the stock a "buy" rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. lifted their price target on shares of Capital One Financial from $148.00 to $155.00 and gave the company a "neutral" rating in a report on Monday, July 8th. Finally, Evercore ISI reduced their price target on shares of Capital One Financial from $155.00 to $154.00 and set an "in-line" rating on the stock in a research report on Tuesday, June 25th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $147.21.

Capital One Financial Stock Performance

Capital One Financial stock traded up $1.30 on Friday, hitting $149.08. The company's stock had a trading volume of 1,512,294 shares, compared to its average volume of 2,473,465. The company has a fifty day moving average price of $142.56 and a 200-day moving average price of $141.19. The firm has a market cap of $56.68 billion, a P/E ratio of 11.71, a price-to-earnings-growth ratio of 1.21 and a beta of 1.44. Capital One Financial has a one year low of $88.23 and a one year high of $154.18. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.81.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $9.51 billion for the quarter, compared to the consensus estimate of $9.57 billion. Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. The business's revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.52 earnings per share.

Hedge Funds Weigh In On Capital One Financial

Several hedge funds have recently made changes to their positions in the business. Silicon Valley Capital Partners bought a new stake in Capital One Financial during the first quarter worth about $25,000. LRI Investments LLC bought a new stake in shares of Capital One Financial during the 1st quarter worth approximately $25,000. Y.D. More Investments Ltd acquired a new stake in shares of Capital One Financial in the 2nd quarter valued at approximately $28,000. Hobbs Group Advisors LLC bought a new position in shares of Capital One Financial in the second quarter valued at $29,000. Finally, Bartlett & CO. Wealth Management LLC increased its holdings in Capital One Financial by 726.7% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 248 shares of the financial services provider's stock worth $33,000 after buying an additional 218 shares during the last quarter. 89.84% of the stock is owned by institutional investors.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Robert M. Alexander sold 30,742 shares of the stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total value of $4,611,300.00. Following the sale, the insider now directly owns 73,734 shares in the company, valued at $11,060,100. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Kevin S. Borgmann sold 61,532 shares of the business's stock in a transaction 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 sale, the chief executive officer now directly owns 40,934 shares of the company's stock, valued at approximately $5,438,491.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert M. Alexander sold 30,742 shares of Capital One Financial stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total value of $4,611,300.00. Following the completion of the sale, the insider now directly owns 73,734 shares in the company, valued at approximately $11,060,100. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company's stock.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date was Monday, August 12th. Capital One Financial's dividend payout ratio (DPR) is currently 18.79%.

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.