Capital One Financial Co. to Post Q3 2024 Earnings of $3.89 Per Share, Seaport Res Ptn Forecasts (NYSE:COF)

Capital One Financial Co. (NYSE:COF) – Research analysts at Seaport Res Ptn increased their Q3 2024 earnings per share (EPS) estimates for Capital One Financial in a report issued on Monday, June 17th. Seaport Res Ptn analyst W. Ryan now anticipates that the financial services provider will post earnings of $3.89 per share for the quarter, up from their prior forecast of $3.88. The consensus estimate for Capital One Financial’s current full-year earnings is $13.05 per share.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Thursday, April 25th. The financial services provider reported $3.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.25 by ($0.04). The business had revenue of $9.40 billion for the quarter, compared to analyst estimates of $9.35 billion. Capital One Financial had a return on equity of 9.74% and a net margin of 10.19%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.31 earnings per share.

A number of other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. upped their target price on Capital One Financial from $134.00 to $152.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. Citigroup upped their price target on Capital One Financial from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, February 23rd. UBS Group upped their price target on Capital One Financial from $132.00 to $140.00 and gave the company a “neutral” rating in a report on Thursday, February 29th. Royal Bank of Canada upped their price target on Capital One Financial from $142.00 to $150.00 and gave the company a “sector perform” rating in a report on Wednesday, February 21st. Finally, Evercore ISI upped their price target on Capital One Financial from $142.00 to $155.00 and gave the company an “in-line” rating in a report on Thursday, March 28th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $141.25.

Capital One Financial Stock Performance

COF opened at $137.41 on Wednesday. The company has a market capitalization of $52.24 billion, a price-to-earnings ratio of 10.76, a price-to-earnings-growth ratio of 1.08 and a beta of 1.45. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.01 and a quick ratio of 1.00. Capital One Financial has a 1-year low of $88.23 and a 1-year high of $149.94. The business has a 50 day moving average price of $140.26 and a two-hundred day moving average price of $136.12.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Monday, May 13th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date was Friday, May 10th. Capital One Financial’s dividend payout ratio is presently 18.79%.

Insider Buying and Selling

In related news, insider Timothy P. Golden sold 8,656 shares of the company’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $144.04, for a total value of $1,246,810.24. Following the completion of the sale, the insider now directly owns 10,246 shares in the company, valued at $1,475,833.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Celia Karam sold 16,913 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $142.88, for a total transaction of $2,416,529.44. Following the completion of the transaction, the insider now owns 47,081 shares of the company’s stock, valued at $6,726,933.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Timothy P. Golden sold 8,656 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $144.04, for a total transaction of $1,246,810.24. Following the transaction, the insider now directly owns 10,246 shares of the company’s stock, valued at approximately $1,475,833.84. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Financial Security Advisor Inc. raised its position in Capital One Financial by 2.4% in the first quarter. Financial Security Advisor Inc. now owns 3,255 shares of the financial services provider’s stock worth $485,000 after purchasing an additional 75 shares in the last quarter. Valley National Advisers Inc. raised its position in Capital One Financial by 0.5% in the first quarter. Valley National Advisers Inc. now owns 16,366 shares of the financial services provider’s stock worth $2,435,000 after purchasing an additional 75 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in Capital One Financial by 11.7% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 718 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 75 shares in the last quarter. Smith Chas P & Associates PA Cpas raised its position in Capital One Financial by 2.8% in the first quarter. Smith Chas P & Associates PA Cpas now owns 2,829 shares of the financial services provider’s stock worth $421,000 after purchasing an additional 76 shares in the last quarter. Finally, FFT Wealth Management LLC raised its position in Capital One Financial by 3.6% in the fourth quarter. FFT Wealth Management LLC now owns 2,325 shares of the financial services provider’s stock worth $305,000 after purchasing an additional 80 shares in the last quarter. 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.