Capital One Financial (NYSE:COF) Raised to Buy at BTIG Research

BTIG Research upgraded shares of Capital One Financial (NYSE:COF) from a neutral rating to a buy rating in a research report released on Tuesday, Marketbeat.com reports. They currently have $208.00 price target on the financial services provider’s stock.

Other analysts have also recently issued reports about the company. Truist Financial decreased their price objective on Capital One Financial from $257.00 to $215.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Barclays lifted their price objective on shares of Capital One Financial from $219.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods upped their price objective on shares of Capital One Financial from $185.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. UBS Group upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and raised their target price for the stock from $168.00 to $235.00 in a research note on Monday, January 13th. Finally, Baird R W upgraded shares of Capital One Financial from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 11th. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Capital One Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $206.63.

Capital One Financial Stock Performance

Shares of Capital One Financial stock opened at $182.54 on Tuesday. The firm’s fifty day simple moving average is $191.47 and its 200-day simple moving average is $177.12. Capital One Financial has a 12 month low of $128.23 and a 12 month high of $210.67. The stock has a market capitalization of $69.61 billion, a price-to-earnings ratio of 15.75, a PEG ratio of 1.19 and a beta of 1.47. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, beating 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 company had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same period in the previous year, the business posted $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 forecast that Capital One Financial will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.40 annualized dividend and a yield of 1.31%. Capital One Financial’s dividend payout ratio is presently 20.71%.

Institutional Trading of Capital One Financial

Large investors have recently bought and sold shares of the company. Mascagni Wealth Management Inc. acquired a new stake in Capital One Financial in the 4th quarter valued at about $108,000. Wealth Enhancement Advisory Services LLC grew its position in shares of Capital One Financial by 14.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 26,230 shares of the financial services provider’s stock valued at $4,677,000 after purchasing an additional 3,226 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ purchased a new position in shares of Capital One Financial during the 4th quarter worth approximately $91,780,000. Siemens Fonds Invest GmbH raised its position in shares of Capital One Financial by 2,139.7% during the 4th quarter. Siemens Fonds Invest GmbH now owns 92,431 shares of the financial services provider’s stock worth $16,482,000 after purchasing an additional 88,304 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Capital One Financial in the 4th quarter valued at approximately $34,343,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

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.