Capital One Financial (NYSE:COF) Upgraded to Overweight at Barclays

Barclays upgraded shares of Capital One Financial (NYSE:COF) from an equal weight rating to an overweight rating in a research note released on Monday, Marketbeat.com reports. They currently have $219.00 price target on the financial services provider’s stock, up from their prior price target of $158.00.

COF has been the subject of several other research reports. Citigroup started coverage on shares of Capital One Financial in a research note on Friday, September 20th. They issued a “buy” rating and a $190.00 price objective for the company. The Goldman Sachs Group upped their target price on Capital One Financial from $182.00 to $205.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Keefe, Bruyette & Woods lifted their price target on Capital One Financial from $185.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Evercore ISI boosted their price objective on Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Finally, Bank of America lowered shares of Capital One Financial from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $203.00 to $200.00 in a research report on Monday, December 9th. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $178.13.

Capital One Financial Price Performance

Shares of NYSE COF opened at $183.38 on Monday. The stock’s 50-day simple moving average is $181.68 and its 200-day simple moving average is $157.69. The firm has a market capitalization of $69.96 billion, a PE ratio of 17.32, a price-to-earnings-growth ratio of 1.36 and a beta of 1.46. Capital One Financial has a fifty-two week low of $123.23 and a fifty-two week high of $198.30. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.00 and a current ratio of 1.00.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, topping analysts’ consensus estimates of $3.70 by $0.81. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The company had revenue of $10 billion for the quarter, compared to analysts’ expectations of $9.88 billion. During the same quarter last year, the company earned $4.45 earnings per share. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. As a group, equities research analysts forecast that Capital One Financial will post 13.54 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors 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 annualized dividend and a yield of 1.31%. Capital One Financial’s dividend payout ratio is currently 22.66%.

Insider Buying and Selling at Capital One Financial

In other news, insider Mark Daniel Mouadeb sold 1,994 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $162.37, for a total value of $323,765.78. Following the completion of the transaction, the insider now owns 19,776 shares in the company, valued at $3,211,029.12. This trade represents a 9.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Kara West sold 721 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $184.73, for a total transaction of $133,190.33. Following the sale, the insider now directly owns 12,929 shares in the company, valued at approximately $2,388,374.17. This represents a 5.28 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,007 shares of company stock valued at $4,982,647. 1.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. TD Asset Management Inc grew its position in shares of Capital One Financial by 3.4% in the second quarter. TD Asset Management Inc now owns 141,760 shares of the financial services provider’s stock valued at $19,627,000 after purchasing an additional 4,603 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Capital One Financial by 0.7% in the second quarter. Victory Capital Management Inc. now owns 435,759 shares of the financial services provider’s stock worth $60,331,000 after acquiring an additional 3,026 shares in the last quarter. Private Advisor Group LLC raised its position in Capital One Financial by 10.0% in the second quarter. Private Advisor Group LLC now owns 7,793 shares of the financial services provider’s stock valued at $1,079,000 after purchasing an additional 709 shares during the period. Candriam S.C.A. raised its holdings in shares of Capital One Financial by 32.2% during the 2nd quarter. Candriam S.C.A. now owns 32,803 shares of the financial services provider’s stock valued at $4,541,000 after buying an additional 7,995 shares during the period. Finally, Great Lakes Advisors LLC raised its stake in shares of Capital One Financial by 0.4% during the second quarter. Great Lakes Advisors LLC now owns 32,392 shares of the financial services provider’s stock valued at $4,485,000 after purchasing an additional 117 shares during the period. 89.84% of the stock is owned by hedge funds and other institutional investors.

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.