Royal Bank of Canada Raises Capital One Financial (NYSE:COF) Price Target to $160.00

Capital One Financial (NYSE:COF) had its price target raised by Royal Bank of Canada from $150.00 to $160.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a sector perform rating on the financial services provider's stock.

COF has been the subject of a number of other reports. Robert W. Baird upped 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 report on Friday. Bank of America upped their price objective on shares of Capital One Financial from $158.00 to $161.00 and gave the stock a "buy" rating in a research report on Wednesday, July 24th. Citigroup initiated coverage on shares of Capital One Financial in a research report on Friday, September 20th. They set a "buy" rating and a $190.00 price objective for the company. Barclays upped their price target on shares of Capital One Financial from $154.00 to $158.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. upped their price target on shares of Capital One Financial from $156.00 to $157.00 and gave the company a "neutral" rating in a research report on Monday, October 7th. Twelve research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Capital One Financial currently has an average rating of "Hold" and an average target price of $152.39.

Capital One Financial Price Performance

Shares of Capital One Financial stock traded up $8.05 on Friday, reaching $161.31. 6,086,686 shares of the stock were exchanged, compared to its average volume of 2,466,654. The firm's 50 day moving average is $147.39 and its 200-day moving average is $142.75. Capital One Financial has a one year low of $89.08 and a one year high of $167.93. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market cap of $61.33 billion, a PE ratio of 12.63, a P/E/G ratio of 1.22 and a beta of 1.44.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, topping analysts' consensus estimates of $3.70 by $0.81. The company had revenue of $10 billion during the quarter, compared to the consensus estimate of $9.88 billion. Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. The firm's quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.45 EPS. As a group, analysts anticipate that Capital One Financial will post 12.87 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date was Monday, August 12th. Capital One Financial's dividend payout ratio (DPR) is 18.79%.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Frank G. LapradeIii sold 15,751 shares of the firm's stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $160.00, for a total value of $2,520,160.00. Following the transaction, the insider now directly owns 44,711 shares of the company's stock, valued at approximately $7,153,760. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Kevin S. Borgmann sold 61,532 shares of Capital One Financial stock in a transaction dated 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 $5,438,491.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Frank G. LapradeIii sold 15,751 shares of Capital One Financial stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $160.00, for a total transaction of $2,520,160.00. Following the completion of the transaction, the insider now owns 44,711 shares of the company's stock, valued at $7,153,760. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.30% of the company's stock.

Hedge Funds Weigh In On Capital One Financial

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Capital One Financial by 0.7% in the first quarter. Vanguard Group Inc. now owns 30,893,408 shares of the financial services provider's stock valued at $4,599,720,000 after acquiring an additional 226,720 shares during the period. Capital Research Global Investors lifted its position in Capital One Financial by 72.8% during the first quarter. Capital Research Global Investors now owns 21,128,089 shares of the financial services provider's stock valued at $3,145,761,000 after purchasing an additional 8,900,241 shares during the last quarter. Clearbridge Investments LLC lifted its position in Capital One Financial by 5.5% during the second quarter. Clearbridge Investments LLC now owns 3,663,439 shares of the financial services provider's stock valued at $507,203,000 after purchasing an additional 189,843 shares during the last quarter. Legal & General Group Plc lifted its position in Capital One Financial by 2.5% during the second quarter. Legal & General Group Plc now owns 3,331,196 shares of the financial services provider's stock valued at $461,204,000 after purchasing an additional 79,908 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in Capital One Financial by 0.5% during the first quarter. Janus Henderson Group PLC now owns 1,216,724 shares of the financial services provider's stock valued at $181,155,000 after purchasing an additional 5,473 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors.

Capital One Financial Company Profile

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.