In yesterday’s Wall Street session, Capital One Financial Corporation (NYSE:COF) shares traded at $90.95, up 2.05% from the previous session.
As of this writing, 25 analysts cover Capital One Financial Corporation (NYSE:COF). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $162.00 and a low of $72.00, we find $109.00. Given the previous closing price of $89.12, this indicates a potential upside of 22.31 percent. COF stock price is now -3.48% away from the 50-day moving average and -10.12% away from the 200-day moving average. The market capitalization of the company currently stands at $35.16B.
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There are 10 analysts who have given it a hold rating, whereas 9 have given it a buy rating. Brokers who have rated the stock have averaged $108.60 as their price target over the next twelve months.
With the price target maintained at $94.20, Odeon recently Downgraded its rating from Hold to Sell for Capital One Financial Corporation (NYSE: COF). On January 10, 2023, Jefferies Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $120 to quote $100, while ‘Stephens’ rates the stock as ‘Underweight’.
In other news, Blinde Neal, President, Commercial Banking sold 8,000 shares of the company’s stock on Feb 14. The stock was sold for $921,280 at an average price of $115.16. Upon completion of the transaction, the President, Commercial Banking now directly owns 121,472 shares in the company, valued at $11.05 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 14, Chairman and CEO FAIRBANK RICHARD D sold 12,537 shares of the business’s stock. A total of $1,438,871 was realized by selling the stock at an average price of $114.77. This leaves the insider owning 3,757,022 shares of the company worth $341.7 million. Insiders disposed of 602,622 shares of company stock worth roughly $54.81 million over the past 1 year. A total of 1.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in COF stock. A new stake in Capital One Financial Corporation shares was purchased by BERKSHIRE HATHAWAY INC during the first quarter worth $902,406,000. CARMIGNAC GESTION invested $98,770,000 in shares of COF during the first quarter. In the first quarter, ABRAMS BISON INVESTMENTS, LLC acquired a new stake in Capital One Financial Corporation valued at approximately $53,661,000. POINT72 ASSET MANAGEMENT, L.P. acquired a new stake in COF for approximately $40,805,000. LMR PARTNERS LLP purchased a new stake in COF valued at around $29,255,000 in the second quarter. In total, there are 1,365 active investors with 91.00% ownership of the company’s stock.
Tuesday morning saw Capital One Financial Corporation (NYSE: COF) opened at $94.00. During the past 12 months, Capital One Financial Corporation has had a low of $83.93 and a high of $128.95. The fifty day moving average price for COF is $93.88 and a two-hundred day moving average price translates $101.10 for the stock.
The latest earnings results from Capital One Financial Corporation (NYSE: COF) was released for Mar, 2023. According to the Credit Services Company, earnings per share came in at $2.31, missing analysts’ expectations of $3.92 by -1.61. This compares to $5.62 EPS in the same period last year. The net profit margin was 16.40% and return on equity was 11.70% for COF. The company reported revenue of $9.75 billion for the quarter, compared to $6.78 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 43.78 percent. For the current quarter, analysts expect COF to generate $9.21B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 05/26/2023. Investors who held shares on 05/15/2023 were paid a $0.60 dividend. On an annualized basis, this represents a $2.40 dividend and a 2.64% percent yield. There was an ex-dividend date of 05/12/2023 for this dividend. In terms of dividend payout ratio, COF is presently at 16.50%.
Capital One Financial Corporation(COF) Company Profile
Capital One Financial Corporation operates as the financial services holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides 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. The company accepts checking accounts, money market deposits, negotiable order of withdrawals, savings deposits, and time deposits. Its loan products include credit card loans; auto and retail banking loans; and commercial and multifamily real estate, and commercial and industrial loans. The company also offers credit and debit card products; online direct banking services; and treasury management and depository services. It serves consumers, small businesses, and commercial clients through digital channels, branches, cafés, and other distribution channels located in New York, Louisiana, Texas, Maryland, Virginia, New Jersey, and California. Capital One Financial Corporation was founded in 1988 and is headquartered in McLean, Virginia.
