Truist Financial Issues Pessimistic Forecast for Capital One Financial (NYSE:COF) Stock Price

Capital One Financial (NYSE:COF) had its price objective reduced by Truist Financial from $257.00 to $215.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

Other equities analysts also recently issued reports about the company. JPMorgan Chase & Co. lifted their price target on Capital One Financial from $162.00 to $186.00 and gave the stock a “neutral” rating in a research note on Monday, December 9th. UBS Group upgraded Capital One Financial from a “neutral” rating to a “buy” rating and boosted their price target for the company from $168.00 to $235.00 in a report on Monday, January 13th. Bank of America upgraded Capital One Financial from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $207.00 to $235.00 in a research note on Wednesday, February 19th. Evercore ISI upgraded shares of Capital One Financial from an “in-line” rating to an “outperform” rating and set a $200.00 target price for the company in a research note on Wednesday, March 12th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Capital One Financial from $185.00 to $232.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Five research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $203.87.

Capital One Financial Price Performance

Shares of NYSE COF opened at $174.79 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.74. Capital One Financial has a fifty-two week low of $128.23 and a fifty-two week high of $210.67. The business has a 50 day moving average price of $191.50 and a two-hundred day moving average price of $176.09. 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.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) 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 analyst estimates of $10.22 billion. During the same quarter in the previous year, the firm earned $2.81 earnings per share. The business’s revenue was up 7.2% compared to the same quarter last year. Sell-side analysts expect that Capital One Financial will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

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

Institutional Trading of Capital One Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new position in shares of Capital One Financial in the fourth quarter valued at approximately $590,279,000. Lone Pine Capital LLC acquired a new position in shares of Capital One Financial during the 4th quarter valued at $577,012,000. Egerton Capital UK LLP bought a new stake in shares of Capital One Financial in the 4th quarter worth $279,159,000. FMR LLC lifted its holdings in shares of Capital One Financial by 21.6% in the fourth quarter. FMR LLC now owns 8,077,886 shares of the financial services provider’s stock valued at $1,440,449,000 after buying an additional 1,436,935 shares during the period. Finally, Meritage Group LP bought a new position in Capital One Financial during the fourth quarter valued at about $227,662,000. 89.84% of the stock is currently owned by institutional investors.

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.