Truist Financial Cuts Capital One Financial (NYSE:COF) Price Target to $215.00

Capital One Financial (NYSE:COF) had its target price lowered by Truist Financial from $257.00 to $215.00 in a report released on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the financial services provider’s stock.

A number of other analysts have also commented on COF. Barclays raised their price target on Capital One Financial from $219.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Robert W. Baird upgraded Capital One Financial from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $190.00 to $200.00 in a report on Tuesday, March 11th. UBS Group upgraded Capital One Financial from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $168.00 to $235.00 in a report on Monday, January 13th. Royal Bank of Canada increased their price objective on Capital One Financial from $190.00 to $200.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 22nd. Finally, Evercore ISI upgraded Capital One Financial from an “in-line” rating to an “outperform” rating and set a $200.00 price objective for the company in a report on Wednesday, March 12th. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Capital One Financial has a consensus rating of “Moderate Buy” and an average target price of $203.87.

Capital One Financial Stock Performance

NYSE:COF opened at $174.79 on Friday. The business has a 50 day moving average price of $191.50 and a 200-day moving average price of $176.54. Capital One Financial has a fifty-two week low of $128.23 and a fifty-two week high of $210.67. The firm has a market cap of $66.65 billion, a PE ratio of 15.08, a price-to-earnings-growth ratio of 1.19 and a beta of 1.47. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.31. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The company had revenue of $10.19 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same quarter last year, the firm posted $2.81 earnings per share. The firm’s revenue was up 7.2% on a year-over-year basis. Equities research analysts predict that Capital One Financial will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.60 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.40 annualized dividend and a dividend yield of 1.37%. Capital One Financial’s payout ratio is presently 20.71%.

Institutional Investors Weigh In On Capital One Financial

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Capital One Financial by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 31,744,818 shares of the financial services provider’s stock worth $5,660,736,000 after buying an additional 234,863 shares in the last quarter. State Street Corp increased its holdings in Capital One Financial by 0.5% in the 3rd quarter. State Street Corp now owns 16,506,861 shares of the financial services provider’s stock worth $2,471,572,000 after buying an additional 74,784 shares in the last quarter. Franklin Resources Inc. increased its holdings in Capital One Financial by 3.2% in the 4th quarter. Franklin Resources Inc. now owns 10,718,860 shares of the financial services provider’s stock worth $1,911,387,000 after buying an additional 331,595 shares in the last quarter. Fisher Asset Management LLC increased its holdings in Capital One Financial by 0.7% in the 3rd quarter. Fisher Asset Management LLC now owns 9,694,297 shares of the financial services provider’s stock worth $1,451,527,000 after buying an additional 72,097 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Capital One Financial by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 8,227,587 shares of the financial services provider’s stock worth $1,467,393,000 after buying an additional 207,427 shares in the last quarter. 89.84% of the stock is currently owned by 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.