Capital One Financial Corp. (NYSE:COF) shares traded 9.19% higher at $97.74 on Wall Street last session.
In accordance with the data, 25 analysts cover Capital One Financial Corp. (NYSE:COF). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $145.00 and a low of $84.00, we find $111.00. Given the previous closing price of $89.51, this indicates a potential upside of 24.01 percent. COF stock price is now -0.45% away from the 50-day moving average and -5.27% away from the 200-day moving average. The market capitalization of the company currently stands at $37.28B.
It has been rated a hold by 10 analysts and a buy by 8. Brokers who have rated the stock have averaged $109.80 as their price target over the next twelve months.
With the price target of $84, HSBC Securities recently initiated with Reduce rating for Capital One Financial Corp. (NYSE: COF).
In other news, FAIRBANK RICHARD D, Chairman and CEO sold 3,891 shares of the company’s stock on Aug 14. The stock was sold for $425,987 at an average price of $109.48. Upon completion of the transaction, the Chairman and CEO now directly owns 3,848,406 shares in the company, valued at $376.14 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 11, Chairman and CEO FAIRBANK RICHARD D sold 3,891 shares of the business’s stock. A total of $428,010 was realized by selling the stock at an average price of $110.00. This leaves the insider owning 3,848,406 shares of the company worth $376.14 million. Insiders disposed of 469,000 shares of company stock worth roughly $45.84 million over the past 1 year. A total of 1.35% 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 Corp. shares was purchased by CAPITAL RESEARCH GLOBAL INVESTORS during the first quarter worth $781,908,000. SWISS NATIONAL BANK invested $135,008,000 in shares of COF during the first quarter. In the first quarter, HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND acquired a new stake in Capital One Financial Corp. valued at approximately $25,960,000. INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC acquired a new stake in COF for approximately $12,948,000. CINCTIVE CAPITAL MANAGEMENT LP purchased a new stake in COF valued at around $7,778,000 in the second quarter. In total, there are 1,364 active investors with 92.63% ownership of the company’s stock.
Capital One Financial Corp. (NYSE: COF) opened at $96.49 on Friday. During the past 12 months, Capital One Financial Corp. has had a low of $83.93 and a high of $123.09. The fifty day moving average price for COF is $98.04 and a two-hundred day moving average price translates $103.16 for the stock.
The latest earnings results from Capital One Financial Corp. (NYSE: COF) was released for Sep, 2023. According to the Credit Services Company, earnings per share came in at $3.52, beating analysts’ expectations of $3.22 by 0.3. This compares to $4.96 EPS in the same period last year. The net profit margin was 10.77% and return on equity was 10.20% for COF. The company reported revenue of $10.17 billion for the quarter, compared to $7.09 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 43.28 percent. For the current quarter, analysts expect COF to generate $9.19B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/18/2023. Investors who held shares on 08/07/2023 were paid a $0.60 dividend. On an annualized basis, this represents a $2.42 dividend and a 2.47% percent yield. There was an ex-dividend date of 08/04/2023 for this dividend. In terms of dividend payout ratio, COF is presently at 13.40%.
Capital One Financial Corp.(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.
