Capital One Financial (NYSE:COF) Given New $210.00 Price Target at Wells Fargo & Company

Capital One Financial (NYSE:COF) had its target price boosted by Wells Fargo & Company from $185.00 to $210.00 in a research report report published on Friday morning,Benzinga reports. The firm currently has an overweight rating on the financial services provider’s stock.

A number of other research firms have also commented on COF. JPMorgan Chase & Co. increased their price target on Capital One Financial from $162.00 to $186.00 and gave the company a “neutral” rating in a research report on Monday, December 9th. Barclays boosted their price target on shares of Capital One Financial from $154.00 to $158.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Evercore ISI upped 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 report on Wednesday, October 30th. Robert W. Baird boosted their price target on shares of Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Finally, Bank of America downgraded shares of Capital One Financial from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $203.00 to $200.00 in a research note on Monday, December 9th. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $174.31.

Capital One Financial Price Performance

Shares of COF stock opened at $180.43 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.78. The company has a market cap of $68.84 billion, a P/E ratio of 17.04, a P/E/G ratio of 1.36 and a beta of 1.46. Capital One Financial has a twelve month low of $123.23 and a twelve month high of $198.30. The business has a fifty day simple moving average of $181.32 and a 200 day simple moving average of $157.23.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, beating the consensus estimate of $3.70 by $0.81. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The company had revenue of $10 billion during the quarter, compared to analysts’ expectations of $9.88 billion. During the same quarter in the prior year, the firm posted $4.45 earnings per share. The business’s quarterly revenue was up 6.8% on a year-over-year basis. On average, sell-side analysts forecast that Capital One Financial will post 13.54 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend was Thursday, November 14th. Capital One Financial’s payout ratio is 22.66%.

Insider Activity

In related news, insider Michael Zamsky sold 10,541 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total value of $2,005,530.66. Following the sale, the insider now owns 26,482 shares in the company, valued at approximately $5,038,465.32. This trade represents a 28.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Kara West sold 721 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $184.73, for a total transaction of $133,190.33. Following the completion of the sale, the insider now owns 12,929 shares in the company, valued at $2,388,374.17. This represents a 5.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,007 shares of company stock worth $4,982,647 over the last 90 days. 1.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Y.D. More Investments Ltd bought a new stake in Capital One Financial in the 2nd quarter valued at $28,000. Catalyst Capital Advisors LLC bought a new stake in Capital One Financial in the 3rd quarter valued at $36,000. Strategic Financial Concepts LLC bought a new stake in Capital One Financial in the 2nd quarter valued at $42,000. Creative Financial Designs Inc. ADV grew its stake in shares of Capital One Financial by 135.0% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 289 shares of the financial services provider’s stock worth $43,000 after buying an additional 166 shares in the last quarter. Finally, Eastern Bank purchased a new position in shares of Capital One Financial in the 3rd quarter worth $44,000. 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.