Capital One Financial (NYSE:COF) Upgraded by Bank of America to Buy Rating

Bank of America upgraded shares of Capital One Financial (NYSE:COF) from a neutral rating to a buy rating in a research note released on Wednesday morning, Marketbeat.com reports. Bank of America currently has $235.00 target price on the financial services provider’s stock, up from their previous target price of $207.00.

A number of other brokerages also recently weighed in on COF. Evercore ISI lifted their target price on shares of Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Barclays lifted their target price on shares of Capital One Financial from $219.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Argus raised shares of Capital One Financial to a “strong-buy” rating in a research note on Thursday, January 23rd. Royal Bank of Canada lifted their target price on shares of Capital One Financial from $190.00 to $200.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 22nd. Finally, Wells Fargo & Company raised their price target on shares of Capital One Financial from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $198.50.

Capital One Financial Price Performance

COF stock opened at $200.38 on Wednesday. The company has a fifty day moving average price of $191.46 and a 200-day moving average price of $170.48. The company has a market capitalization of $76.39 billion, a P/E ratio of 17.29, a PEG ratio of 1.21 and a beta of 1.47. Capital One Financial has a 52-week low of $128.23 and a 52-week high of $210.67. 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 earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The business had revenue of $10.19 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter last year, the firm earned $2.81 earnings per share. Capital One Financial’s quarterly revenue was up 7.2% on a year-over-year basis. As a group, equities analysts expect that Capital One Financial will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Tuesday, February 18th. Capital One Financial’s dividend payout ratio is currently 20.71%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Bfsg LLC acquired a new position in shares of Capital One Financial during the fourth quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Capital One Financial during the fourth quarter valued at about $27,000. TruNorth Capital Management LLC acquired a new position in shares of Capital One Financial during the fourth quarter valued at about $29,000. Decker Retirement Planning Inc. purchased a new position in Capital One Financial during the fourth quarter worth about $32,000. Finally, SBI Securities Co. Ltd. purchased a new position in Capital One Financial during the fourth quarter worth about $32,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Company Profile

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.