The Goldman Sachs Group Issues Positive Forecast for Capital One Financial (NYSE:COF) Stock Price

Capital One Financial (NYSE:COF) had its target price boosted by The Goldman Sachs Group from $182.00 to $205.00 in a report published on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the financial services provider’s stock.

COF has been the subject of several other research reports. Royal Bank of Canada upped their price objective on shares of Capital One Financial from $150.00 to $160.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. 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 target on the stock. Robert W. Baird boosted their price objective on shares of Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Barclays raised their target price on Capital One Financial from $154.00 to $158.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Finally, Evercore ISI boosted their price target on Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Eleven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Capital One Financial presently has a consensus rating of “Hold” and a consensus price target of $160.18.

Capital One Financial Price Performance

Shares of COF opened at $187.06 on Tuesday. The firm has a market capitalization of $71.37 billion, a PE ratio of 17.66, a PEG ratio of 1.32 and a beta of 1.43. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.00 and a quick ratio of 1.00. Capital One Financial has a fifty-two week low of $105.43 and a fifty-two week high of $198.30. The company’s 50-day moving average is $162.15 and its 200-day moving average is $147.74.

Capital One Financial (NYSE:COF) last announced its earnings results 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 firm had revenue of $10 billion for the quarter, compared to analyst estimates of $9.88 billion. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The business’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.45 EPS. Equities analysts forecast that Capital One Financial will post 13.54 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th were issued a dividend of $0.60 per share. The ex-dividend date was Thursday, November 14th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.28%. Capital One Financial’s dividend payout ratio (DPR) is presently 22.66%.

Insider Activity at Capital One Financial

In other news, insider Frank G. LapradeIii sold 15,751 shares of the firm’s 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 directly owns 44,711 shares in the company, valued at $7,153,760. This trade represents a 26.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kara West sold 721 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $184.73, for a total value of $133,190.33. Following the completion of the sale, the insider now owns 12,929 shares in the company, valued at $2,388,374.17. The trade was a 5.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,007 shares of company stock worth $4,982,647 over the last three months. Company insiders own 1.30% of the company’s stock.

Institutional Trading of Capital One Financial

A number of large investors have recently bought and sold shares of COF. Prossimo Advisors LLC increased its holdings in Capital One Financial by 2.4% in the third quarter. Prossimo Advisors LLC now owns 2,735 shares of the financial services provider’s stock worth $410,000 after purchasing an additional 65 shares in the last quarter. Arkadios Wealth Advisors lifted its position in shares of Capital One Financial by 3.9% during the 3rd quarter. Arkadios Wealth Advisors now owns 1,780 shares of the financial services provider’s stock valued at $266,000 after acquiring an additional 66 shares during the period. Baldwin Investment Management LLC lifted its position in shares of Capital One Financial by 0.6% during the 3rd quarter. Baldwin Investment Management LLC now owns 12,215 shares of the financial services provider’s stock valued at $1,829,000 after acquiring an additional 70 shares during the period. Harbour Investments Inc. boosted its stake in Capital One Financial by 0.7% during the third quarter. Harbour Investments Inc. now owns 9,579 shares of the financial services provider’s stock worth $1,434,000 after acquiring an additional 71 shares in the last quarter. Finally, Arvest Investments Inc. increased its stake in Capital One Financial by 1.2% in the third quarter. Arvest Investments Inc. now owns 6,513 shares of the financial services provider’s stock valued at $975,000 after purchasing an additional 75 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

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.