Capital One Financial Co. (NYSE: COF) – Jefferies Financial Group research analysts raised their Q3 2022 earnings per share (EPS) estimates for Capital One Financial shares in a research report released on Monday 11 October. Jefferies Financial Group analyst J. Hecht now expects the financial services provider to post earnings of $ 5.03 per share for the quarter, up from its previous forecast of $ 4.91. Jefferies Financial Group currently has a âBuyâ rating and a target share price of $ 190.00. Capital One Financial (NYSE: COF) last released its quarterly results on Thursday, July 22. The financial services provider reported EPS of $ 7.71 for the quarter, beating the consensus estimate of $ 4.78 by $ 2.93. The company posted revenue of $ 7.37 billion in the quarter, compared to $ 7.13 billion expected by analysts. Capital One Financial posted a return on equity of 19.07% and a net margin of 37.90%. The company’s quarterly revenue increased 12.5% ââcompared to the same quarter last year. During the same period last year, the company earned ($ 2.21) EPS.
The COF has been the subject of several other reports. Zacks Investment Research downgraded Capital One Financial from a âholdâ rating to a âstrong buyâ rating and set a price target of $ 187.00 for the company in a report released on Tuesday, July 27. Morgan Stanley raised its price target on Capital One Financial from $ 174.00 to $ 212.00 and rated the stock “overweight” in a research report released Thursday, July 29. Credit Suisse Group raised its price target on Capital One Financial from $ 182.00 to $ 190.00 and gave the stock an “outperformance” rating in a research report published on Friday, July 23. Seaport Res Ptn reissued a “neutral” rating on Capital One Financial shares in a research report on Monday, August 30. Finally, Bank of America lowered its price target on Capital One Financial from $ 194.00 to $ 190.00 and set a âbuyâ rating for the company in a research report on Friday, July 23. One investment analyst rated the stock with a sell rating, five issued a custody rating, thirteen assigned a buy rating, and one assigned a high buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $ 168.36.
COF shares opened at $ 166.18 on Tuesday. The stock has a fifty-day moving average price of $ 165.12 and a 200-day moving average price of $ 156.29. The stock has a market cap of $ 74.14 billion, a PE ratio of 6.65, a P / E / G ratio of 0.30 and a beta of 1.77. Capital One Financial has a one-year low of $ 70.78 and a one-year high of $ 177.95. The company has a debt ratio of 0.55, a quick ratio of 0.89, and a current ratio of 0.91.
The company also recently announced a quarterly dividend, which was paid on Friday, August 20. Shareholders of record on Monday August 9 received a dividend of $ 0.60. This represents a dividend of $ 2.40 on an annualized basis and a return of 1.44%. This is a boost from Capital One Financial’s previous quarterly dividend of $ 0.40. The ex-dividend date of this dividend was Friday August 6. Capital One Financial’s dividend payout ratio (DPR) is currently 41.45%.
Separately, insider Yajnik Sanjiv sold 451 shares of Capital One Financial in a transaction dated Monday, September 27. The shares were sold at an average price of $ 170.00, for a total trade of $ 76,670.00. The sale was disclosed in a legal file with the SEC, accessible through this link. In addition, CEO Richard D. Fairbank sold 218,989 shares of Capital One Financial in a transaction that took place on Tuesday, July 27. The stock was sold at an average price of $ 161.81, for a total trade of $ 35,434,610.09. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 305,524 shares of the company valued at $ 49,663,550. Company insiders own 1.31% of the company’s shares.
A number of large investors have recently changed their holdings in COF. Factorial Partners LLC increased its stake in Capital One Financial by 11,757.5% in the 1st quarter. Factorial Partners LLC now owns 5,229,153 shares of the financial services provider valued at $ 41,100,000 after purchasing an additional 5,185,053 shares during the period. Bank of America Corp DE increased its position in Capital One Financial by 27.8% in the 2nd quarter. Bank of America Corp DE now owns 8,148,023 shares of the financial services provider valued at $ 1,260,419,000 after purchasing an additional 1,771,101 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in Capital One Financial by 82.9% in the 1st quarter. UBS Asset Management Americas Inc. now owns 3,672,283 shares of the financial services provider valued at $ 467,225,000 after purchasing an additional 1,664,114 shares in the last quarter. Prudential Financial Inc. increased its position in Capital One Financial by 192.6% in the 1st quarter. Prudential Financial Inc. now owns 1,655,178 shares of the financial services provider valued at $ 210,588,000 after purchasing an additional 1,089,590 shares in the last quarter. Finally, Fisher Asset Management LLC strengthened its position in Capital One Financial by 32.5% in the 2nd quarter. Fisher Asset Management LLC now owns 4,013,284 shares of the financial services provider valued at $ 620,815,000 after purchasing an additional 983,352 shares in the last quarter. Hedge funds and other institutional investors hold 88.51% of the company’s shares.
Capital One Financial Company Profile
Capital One Financial Corp. operates as a financial holding company. The company engages in the provision of financial products and services. It operates in the following segments: Credit Card, Personal Banking and Commercial Banking. The credit card segment provides personal and small business card loans, as well as international card lending activities.
Read more: Negotiation of analyst ratings
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