Capital One Financial Co. (NYSE:COF) Given Average Rating of “Hold” by Brokerages

Shares of Capital One Financial Co. (NYSE:COF) have received an average recommendation of “Hold” from the eighteen ratings firms that are currently covering the stock, MarketBeat.com reports. Eleven research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $156.35.

COF has been the subject of several recent analyst reports. Barclays upped their price objective on shares of 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. Robert W. Baird increased their price target 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, October 25th. Bank of America lifted their price objective on shares of Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. upped their target price on Capital One Financial from $156.00 to $157.00 and gave the stock a “neutral” rating in a research note on Monday, October 7th. Finally, Royal Bank of Canada boosted their price target on Capital One Financial from $150.00 to $160.00 and gave the stock a “sector perform” rating in a report on Friday, October 25th.

Capital One Financial Trading Down 1.2 %

Capital One Financial stock opened at $182.86 on Tuesday. 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 stock has a 50-day simple moving average of $158.54 and a 200 day simple moving average of $146.68. The stock has a market capitalization of $69.76 billion, a P/E ratio of 17.27, a PEG ratio of 1.37 and a beta of 1.43. Capital One Financial has a 52 week low of $105.39 and a 52 week high of $198.30.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.51 earnings per share (EPS) 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 analysts’ expectations of $9.88 billion. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The business’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.45 earnings per share. Analysts expect that Capital One Financial will post 13.54 earnings per share for the current year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, November 14th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $2.40 dividend on an annualized basis and a yield of 1.31%. Capital One Financial’s payout ratio is 22.66%.

Insiders Place Their Bets

In other Capital One Financial news, insider Mark Daniel Mouadeb sold 1,994 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $162.37, for a total transaction of $323,765.78. Following the sale, the insider now owns 19,776 shares of the company’s stock, valued at approximately $3,211,029.12. This represents a 9.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Frank G. LapradeIii sold 15,751 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider now directly owns 44,711 shares in the company, valued at $7,153,760. This represents a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,007 shares of company stock valued at $4,982,647. 1.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Capital One Financial

Institutional investors have recently added to or reduced their stakes in the business. LRI Investments LLC bought a new position in shares of Capital One Financial during the 1st quarter worth approximately $25,000. Y.D. More Investments Ltd bought a new position in Capital One Financial during the second quarter worth $28,000. Hobbs Group Advisors LLC acquired a new stake in Capital One Financial in the second quarter worth $29,000. Unique Wealth Strategies LLC bought a new stake in Capital One Financial in the second quarter valued at $36,000. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Capital One Financial during the third quarter valued at about $36,000. 89.84% of the stock is owned by institutional investors and hedge funds.

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.