Oppenheimer downgraded the shares of Capital One Financial (NYSE: COF) from an outperform rating to a market performance rating in a research report published Tuesday morning, Market Beat Ratings reports.
Other stock analysts have also published research reports on the stock. Keefe, Bruyette & Woods cut their price target on Capital One Financial shares from $200.00 to $171.00 in a report on Monday. StockNews.com assumed coverage of Capital One Financial shares in a Thursday, March 31 report. They have set a holding rating on the stock. Bank of America cut its price target on Capital One Financial shares from $185.00 to $167.00 in a Thursday, March 17 report. Morgan Stanley cut its price target on Capital One Financial shares from $217.00 to $157.00 and set an overweight rating on the stock in a Monday, March 28 report. Finally, Piper Sandler cut her price target on Capital One Financial shares from $143.00 to $128.00 and set a neutral rating on the stock in a Wednesday, June 29 report. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned the stock a buy rating. According to MarketBeat.com, the company has an average rating of Hold and a consensus target price of $166.77.
NYSE COF opened at $107.04 on Tuesday. The company’s fifty-day moving average price is $115.20 and its two-hundred-day moving average price is $133.04. The stock has a market capitalization of $42.07 billion, a PE ratio of 4.21, a PEG ratio of 0.31 and a beta of 1.48. Capital One Financial has a fifty-two week low of $98.54 and a fifty-two week high of $177.95. The company has a debt ratio of 0.79, a quick ratio of 0.95 and a current ratio of 0.95.
Capital One Financial (NYSE: COF – Get a rating) last reported results on Tuesday, April 26. The financial services provider reported earnings per share of $5.62 for the quarter, beating analysts’ consensus estimate of $5.39 by $0.23. The company posted revenue of $8.17 billion for the quarter, versus $8.02 billion expected by analysts. Capital One Financial had a net margin of 34.71% and a return on equity of 18.66%. The company’s revenue increased 14.9% year over year. In the same quarter a year earlier, the company posted earnings per share of $7.03. As a group, sell-side analysts expect Capital One Financial to post earnings per share of 20.25 for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 27. Shareholders of record on Monday, May 16 received a dividend of $0.60 per share. The ex-dividend date was Friday, May 13. This represents an annualized dividend of $2.40 and a dividend yield of 2.24%. Capital One Financial’s dividend payout ratio is currently 9.44%.
In other news, Insider Sheldon Room sold 14,504 shares of the company in a transaction dated Thursday, May 26. The shares were sold at an average price of $125.00, for a total transaction of $1,813,000.00. Following the transaction, the insider now owns 68,337 shares of the company, valued at $8,542,125. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available via the SEC website. 1.27% of the shares are currently held by insiders.
Hedge funds and other institutional investors have recently changed their positions in the company. Dynamic Advisor Solutions LLC increased its equity stake in Capital One Financial by 10.5% during the first quarter. Dynamic Advisor Solutions LLC now owns 5,586 shares of the financial services provider valued at $733,000 after purchasing an additional 531 shares during the period. Trust Co. of Vermont increased its position in Capital One Financial shares by 2.7% during the fourth quarter. Trust Co. of Vermont now owns 56,648 shares of the financial services provider worth $8,220,000 after acquiring 1,507 additional shares last quarter. Ellevest Inc. increased its position in shares of Capital One Financial by 25.1% during the first quarter. Ellevest Inc. now owns 2,618 shares of the financial services provider worth $344,000 after acquiring 526 additional shares in the last quarter. SkyView Investment Advisors LLC increased its position in Capital One Financial shares by 213.7% during the fourth quarter. SkyView Investment Advisors LLC now owns 13,775 shares of the financial services provider worth $592,000 after acquiring 9,384 additional shares in the last quarter. Finally, Garrett Investment Advisors LLC increased its position in Capital One Financial shares by 16.7% during the first quarter. Garrett Investment Advisors LLC now owns 3,376 shares of the financial services provider worth $443,000 after acquiring 482 additional shares in the last quarter. Hedge funds and other institutional investors hold 89.31% of the company’s shares.
About Capital One Financial (Get a rating)
Capital One Financial Corporation operates as the financial services holding company for Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, Canada and the United Kingdom. It operates through three segments: Credit Cards, Consumer Banking and Business Banking.
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