Research Analysts Set Expectations for COF FY2024 Earnings

Capital One Financial Co. (NYSE:COF - Free Report) - Research analysts at Zacks Research upped their FY2024 EPS estimates for Capital One Financial in a research report issued on Thursday, November 14th. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings per share of $13.26 for the year, up from their prior forecast of $12.82. The consensus estimate for Capital One Financial's current full-year earnings is $13.54 per share. Zacks Research also issued estimates for Capital One Financial's Q2 2025 earnings at $3.75 EPS, Q3 2025 earnings at $4.24 EPS, FY2025 earnings at $15.13 EPS and Q2 2026 earnings at $4.48 EPS.

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 EPS for the quarter, topping the consensus estimate of $3.70 by $0.81. The firm had revenue of $10 billion for the quarter, compared to analysts' expectations of $9.88 billion. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The company's revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm posted $4.45 EPS.

Several other research firms also recently commented on COF. Robert W. Baird increased their price objective on Capital One Financial from $145.00 to $150.00 and gave the company a "neutral" rating in a report on Friday, October 25th. JPMorgan Chase & Co. increased 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 note on Monday, October 7th. Citigroup assumed coverage on shares of Capital One Financial in a research note on Friday, September 20th. They set a "buy" rating and a $190.00 price objective on the stock. Royal Bank of Canada raised their target price on shares of Capital One Financial from $150.00 to $160.00 and gave the company a "sector perform" rating in a research note on Friday, October 25th. 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 report on Tuesday, October 8th. Eleven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $156.35.

Capital One Financial Stock Down 1.2 %

NYSE COF traded down $2.28 during trading hours on Monday, hitting $182.86. 2,501,391 shares of the company traded hands, compared to its average volume of 2,575,045. 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 business's 50-day moving average is $157.74 and its 200-day moving average is $146.39. The stock has a market capitalization of $69.76 billion, a price-to-earnings ratio of 17.38, a P/E/G ratio of 1.37 and a beta of 1.43. Capital One Financial has a twelve month low of $105.39 and a twelve month high of $198.30.

Hedge Funds Weigh In On Capital One Financial

Several hedge funds and other institutional investors have recently made changes to their positions in COF. Asset Management One Co. Ltd. raised its position in Capital One Financial by 5.3% during the third 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 in the last quarter. CWA Asset Management Group LLC bought a new stake in shares of Capital One Financial during the 3rd quarter worth $1,649,000. Clear Harbor Asset Management LLC acquired a new stake in Capital One Financial in the second quarter valued at about $511,000. QRG Capital Management Inc. grew its position in Capital One Financial by 3.2% in the second quarter. QRG Capital Management Inc. now owns 122,264 shares of the financial services provider's stock valued at $16,927,000 after acquiring an additional 3,776 shares during the last quarter. Finally, Cetera Advisors LLC raised its stake in Capital One Financial by 114.0% during the first quarter. Cetera Advisors LLC now owns 7,948 shares of the financial services provider's stock worth $1,183,000 after acquiring an additional 4,234 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Capital One Financial

In other news, insider Frank G. LapradeIii sold 15,751 shares of the company's stock in a transaction on 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 sale, the insider now directly owns 44,711 shares in the company, valued at approximately $7,153,760. This represents a 26.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Zamsky sold 10,541 shares of the firm's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total value of $2,005,530.66. Following the completion of the transaction, the insider now owns 26,482 shares in the company, valued at $5,038,465.32. The trade was a 28.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,007 shares of company stock valued at $4,982,647 in the last quarter. Company insiders own 1.30% of the company's stock.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Thursday, November 14th. Capital One Financial's dividend payout ratio (DPR) is 22.66%.

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.