Q3 2024 EPS Estimates for Capital One Financial Co. (NYSE:COF) Decreased by Analyst

Capital One Financial Co. (NYSE:COF) – Investment analysts at Seaport Res Ptn decreased their Q3 2024 EPS estimates for Capital One Financial in a report issued on Tuesday, September 24th. Seaport Res Ptn analyst W. Ryan now expects that the financial services provider will earn $3.82 per share for the quarter, down from their prior 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.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.28 by ($0.14). Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The firm had revenue of $9.51 billion for the quarter, compared to analyst estimates of $9.57 billion. During the same quarter in the prior year, the business posted $3.52 EPS. The business’s revenue was up 5.5% on a year-over-year basis.

Other analysts also recently issued reports about the company. Evercore ISI reduced their price objective on Capital One Financial from $155.00 to $154.00 and set an “in-line” rating on the stock in a research note on Tuesday, June 25th. Royal Bank of Canada restated a “sector perform” rating and issued a $150.00 price target on shares of Capital One Financial in a research note on Thursday, July 25th. JPMorgan Chase & Co. upped their price objective on shares of Capital One Financial from $148.00 to $155.00 and gave the stock a “neutral” rating in a research report on Monday, July 8th. Jefferies Financial Group raised shares of Capital One Financial from a “hold” rating to a “buy” rating and increased their price objective for the company from $145.00 to $165.00 in a research note on Thursday, June 6th. Finally, BTIG Research assumed coverage on shares of Capital One Financial in a research note on Friday, June 7th. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $147.21.

Capital One Financial Trading Up 0.9 %

Shares of COF stock opened at $149.08 on Friday. Capital One Financial has a fifty-two week low of $88.23 and a fifty-two week high of $154.18. The stock’s fifty day moving average price is $142.56 and its two-hundred day moving average price is $141.19. 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 company has a market cap of $56.68 billion, a PE ratio of 11.71, a P/E/G ratio of 1.21 and a beta of 1.44.

Institutional Trading of Capital One Financial

Large investors have recently made changes to their positions in the company. LRI Investments LLC acquired a new stake in Capital One Financial in the first quarter valued at approximately $25,000. Silicon Valley Capital Partners bought a new position in shares of Capital One Financial in the 1st quarter worth $25,000. Y.D. More Investments Ltd acquired a new stake in Capital One Financial in the 2nd quarter valued at $28,000. Hobbs Group Advisors LLC bought a new stake in Capital One Financial during the 2nd quarter valued at $29,000. Finally, Rise Advisors LLC acquired a new position in Capital One Financial during the first quarter worth $33,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Robert M. Alexander sold 30,742 shares of the stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Robert M. Alexander sold 30,742 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the completion of the sale, the insider now owns 73,734 shares of the company’s stock, valued at approximately $11,060,100. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction of $8,175,141.52. Following the transaction, the chief executive officer now owns 40,934 shares in the company, valued at approximately $5,438,491.24. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were paid 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 is presently 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.