Capital One Financial (NYSE:COF) Given Sector Perform Rating at Royal Bank of Canada

Royal Bank of Canada restated their sector perform rating on shares of Capital One Financial (NYSE:COF) in a research report report published on Thursday, Benzinga reports. The brokerage currently has a $150.00 price objective on the financial services provider’s stock.

A number of other equities analysts have also commented on COF. Jefferies Financial Group raised shares of Capital One Financial from a hold rating to a buy rating and increased their price target for the stock from $145.00 to $165.00 in a report on Thursday, June 6th. JPMorgan Chase & Co. increased their price target on shares of Capital One Financial from $148.00 to $155.00 and gave the stock a neutral rating in a report on Monday, July 8th. BTIG Research started coverage on shares of Capital One Financial in a report on Friday, June 7th. They issued a neutral rating on the stock. Bank of America upped their price objective on shares of Capital One Financial from $158.00 to $161.00 and gave the company a buy rating in a research note on Wednesday, July 24th. Finally, Wells Fargo & Company upped their price objective on shares of Capital One Financial from $160.00 to $165.00 and gave the company an overweight rating in a research note on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Capital One Financial has a consensus rating of Hold and an average target price of $145.89.

Capital One Financial Stock Performance

Capital One Financial stock opened at $149.36 on Thursday. The firm’s 50 day simple moving average is $139.34 and its 200 day simple moving average is $138.88. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $56.79 billion, a PE ratio of 11.70, a price-to-earnings-growth ratio of 1.17 and a beta of 1.46. Capital One Financial has a 1-year low of $88.23 and a 1-year high of $153.35.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 EPS for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.14). The company had revenue of $9.51 billion during the quarter, compared to the consensus estimate of $9.57 billion. Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. Capital One Financial’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the company earned $3.52 EPS. As a group, analysts expect that Capital One Financial will post 13.17 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Monday, May 13th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $2.40 annualized dividend and a yield of 1.61%. Capital One Financial’s payout ratio is currently 18.79%.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Celia Karam sold 16,913 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $142.88, for a total transaction of $2,416,529.44. Following the completion of the sale, the insider now owns 47,081 shares of the company’s stock, valued at approximately $6,726,933.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Capital One Financial news, insider Robert M. Alexander sold 30,742 shares of the company’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total value of $4,611,300.00. Following the completion of the transaction, the insider now directly owns 73,734 shares in the company, valued at approximately $11,060,100. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Celia Karam sold 16,913 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $142.88, for a total transaction of $2,416,529.44. Following the completion of the transaction, the insider now owns 47,081 shares of the company’s stock, valued at $6,726,933.28. The disclosure for this sale can be found here. Insiders sold 56,311 shares of company stock valued at $8,274,640 in the last quarter. Company insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Silicon Valley Capital Partners bought a new position in shares of Capital One Financial in the 1st quarter worth about $25,000. LRI Investments LLC bought a new position in shares of Capital One Financial in the 1st quarter worth about $25,000. Householder Group Estate & Retirement Specialist LLC increased its stake in shares of Capital One Financial by 1,658.3% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 211 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 199 shares in the last quarter. Hobbs Group Advisors LLC bought a new position in shares of Capital One Financial in the 2nd quarter worth about $29,000. Finally, Bartlett & CO. Wealth Management LLC increased its stake in shares of Capital One Financial by 726.7% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 248 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 218 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.