Capital One Financial (NYSE:COF) upgraded by Robert W. Baird to outperform


Robert W. Baird upgraded the shares of Capital One Financial (NYSE: COF) from a neutral rating to an outperform rating in a report released on Friday, Fly reports. They currently have a price target of $145.00 on shares of the financial services provider.

A number of other brokerages have also recently commented on the COF. Wells Fargo & Company cut its price target on Capital One Financial shares from $180.00 to $165.00 and set an overweight rating for the company in a Wednesday, April 6 report. Oppenheimer cut his price target on Capital One Financial shares from $163.00 to $157.00 in a Wednesday, April 27 report. StockNews.com launched a hedge on Capital One Financial shares in a research note on Thursday, March 31. They issued a holding note for the company. Morgan Stanley cut its price target on Capital One Financial shares from $217.00 to $157.00 and set an overweight rating for the company in a Monday, March 28 research note. Finally, BMO Capital Markets cut its price target on Capital One Financial shares from $200.00 to $188.00 and set a buy rating for the company in a Wednesday, April 27 research note. One equity research analyst gave the stock a sell rating, eight gave the company a hold rating and fourteen gave the company a buy rating. According to MarketBeat, Capital One Financial currently has an average buy rating and a consensus price target of $169.23.

NYSE: COF opened at $102.11 on Friday. Capital One Financial has a one-year low of $98.54 and a one-year high of $177.95. The company has a debt ratio of 0.79, a current ratio of 0.95 and a quick ratio of 0.95. The company’s 50-day simple moving average is $124.50 and its 200-day simple moving average is $137.88. The company has a market capitalization of $40.13 billion, a P/E ratio of 4.02, a PEG ratio of 0.31 and a beta of 1.44.

Capital One Financial (NYSE: COFGet a rating) last reported results on Tuesday, April 26. The financial services provider reported earnings per share (EPS) of $5.62 for the quarter, beating the consensus estimate of $5.39 by $0.23. The company posted revenue of $8.17 billion for the quarter, versus a consensus estimate of $8.02 billion. 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. On average, equity research analysts expect Capital One Financial to post earnings per share of 20.14 for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, May 27. Investors of record on Monday, May 16 received a dividend of $0.60. This represents an annualized dividend of $2.40 and a yield of 2.35%. The ex-dividend date was Friday, May 13. Capital One Financial’s dividend payout ratio is currently 9.44%.

In other Capital One Financial news, an 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 approximately $8,542,125. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, available at the SEC website. Insiders of the company own 1.27% of the shares of the company.

Several institutional investors have recently changed their stake in the company. Fieldpoint Private Securities LLC increased its position in Capital One Financial shares by 43.2% in the fourth quarter. Fieldpoint Private Securities LLC now owns 265 shares of the financial services provider worth $38,000 after buying 80 additional shares in the last quarter. TruWealth Advisors LLC increased its stake in Capital One Financial by 4.7% in Q1. TruWealth Advisors LLC now owns 1,896 shares of the financial services provider worth $249,000 after buying 85 additional shares in the last quarter. Montecito Bank & Trust increased its stake in Capital One Financial by 1.3% in the 4th quarter. Montecito Bank & Trust now owns 6,863 shares of the financial services provider worth $996,000 after buying 86 more shares last quarter. Ethic Inc. increased its stake in Capital One Financial by 0.4% in the 1st quarter. Ethic Inc. now owns 23,140 shares of the financial services provider worth $3,038,000 after buying 89 additional shares in the last quarter. Finally, Dumont & Blake Investment Advisors LLC increased its stake in Capital One Financial by 0.8% in the 1st quarter. Dumont & Blake Investment Advisors LLC now owns 11,773 shares of the financial services provider worth $1,546,000 after buying 94 additional shares last quarter. 89.31% of the shares are currently held by hedge funds and other institutional investors.

Capital One Financial Company Profile (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.

Featured Articles

The Fly logo

Analyst Recommendations for Capital One Financial (NYSE:COF)



Get news and reviews for Capital One Financial Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst notes for Capital One Financial and related companies with MarketBeat.com’s free daily email newsletter.