Capital One Financial (NYSE:COF) Upgraded to Outperform at Robert W. Baird

Posted by on Jun 17th, 2022

Robert W. Baird upgraded shares of Capital One Financial (NYSE:COF) from a neutral rating to an outperform rating in a research note released on Friday, The Fly reports. They currently have $145.00 price target on the financial services provider’s stock.

Several other equities research analysts have also issued reports on COF. Oppenheimer decreased their price target on shares of Capital One Financial from $163.00 to $157.00 in a report on Wednesday, April 27th. Wolfe Research downgraded shares of Capital One Financial from a peer perform rating to an underperform rating and set a $86.00 target price on the stock. in a research report on Thursday, May 12th. Citigroup lifted their target price on shares of Capital One Financial from $185.00 to $189.00 and gave the stock a buy rating in a research report on Thursday, March 24th. BMO Capital Markets cut their target price on shares of Capital One Financial from $200.00 to $188.00 and set a buy rating on the stock in a research report on Wednesday, April 27th. Finally, Wells Fargo & Company cut their target price on shares of Capital One Financial from $180.00 to $165.00 and set an overweight rating on the stock in a research report on Wednesday, April 6th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Buy and an average target price of $169.23.

Shares of Capital One Financial stock opened at $102.11 on Friday. The firm has a market capitalization of $40.13 billion, a PE ratio of 4.02, a price-to-earnings-growth ratio of 0.31 and a beta of 1.44. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.79. The firm’s 50 day moving average is $124.50 and its 200 day moving average is $137.88. Capital One Financial has a 1 year low of $98.54 and a 1 year high of $177.95.

Capital One Financial (NYSE:COF – Get Rating) last announced its quarterly earnings results on Tuesday, April 26th. The financial services provider reported $5.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.39 by $0.23. The company had revenue of $8.17 billion for the quarter, compared to analyst estimates of $8.02 billion. Capital One Financial had a net margin of 34.71% and a return on equity of 18.66%. The firm’s revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the firm posted $7.03 EPS. As a group, research analysts anticipate that Capital One Financial will post 20.14 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, May 27th. Investors of record on Monday, May 16th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, May 13th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.35%. Capital One Financial’s payout ratio is presently 9.44%.

In related news, insider Sheldon Hall sold 14,504 shares of the business’s stock in a transaction on Thursday, May 26th. The shares were sold at an average price of $125.00, for a total transaction of $1,813,000.00. Following the transaction, the insider now owns 68,337 shares in the company, valued at approximately $8,542,125. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.27% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the business. Zullo Investment Group Inc. bought a new stake in Capital One Financial during the 4th quarter valued at $27,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. increased its stake in Capital One Financial by 566.7% during the 1st quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 200 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 170 shares in the last quarter. Rock Creek Group LP increased its stake in Capital One Financial by 287.3% during the 1st quarter. Rock Creek Group LP now owns 213 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 158 shares in the last quarter. Covestor Ltd bought a new stake in Capital One Financial during the 4th quarter valued at $33,000. Finally, Equitec Proprietary Markets LLC bought a new stake in Capital One Financial during the 4th quarter valued at $35,000. Institutional investors and hedge funds own 89.31% of the company’s stock.

About Capital One Financial (Get Rating)

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.

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