Capital One Financial (NYSE:COF) Upgraded at Bank of America

Bank of America upgraded shares of Capital One Financial (NYSE:COF) from a neutral rating to a buy rating in a research report released on Wednesday, MarketBeat Ratings reports. They currently have $235.00 target price on the financial services provider’s stock, up from their previous target price of $207.00.

Other equities analysts have also issued reports about the stock. The Goldman Sachs Group upped their target price on shares of Capital One Financial from $182.00 to $205.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. 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 note on Wednesday, October 30th. HSBC raised shares of Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price target on the stock in a research report on Tuesday, January 14th. Royal Bank of Canada boosted their price target on shares of Capital One Financial from $190.00 to $200.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 22nd. Finally, Hsbc Global Res raised shares of Capital One Financial from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Eight research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Capital One Financial has an average rating of “Moderate Buy” and a consensus target price of $198.50.

Capital One Financial Stock Performance

COF stock opened at $200.38 on Wednesday. The company has a 50 day moving average price of $191.46 and a 200 day moving average price of $170.48. 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 has a fifty-two week low of $128.23 and a fifty-two week high of $210.67. The stock has a market capitalization of $76.39 billion, a PE ratio of 17.29, a price-to-earnings-growth ratio of 1.21 and a beta of 1.47.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.31. The company had revenue of $10.19 billion during the quarter, compared to analyst estimates of $10.22 billion. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The firm’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.81 EPS. Analysts forecast that Capital One Financial will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.60 per share. The ex-dividend date is Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.20%. Capital One Financial’s payout ratio is presently 20.71%.

Institutional Trading of Capital One Financial

Large investors have recently made changes to their positions in the company. Bfsg LLC acquired a new stake in shares of Capital One Financial during the 4th quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Capital One Financial during the 4th quarter worth approximately $27,000. TruNorth Capital Management LLC acquired a new stake in shares of Capital One Financial during the 4th quarter worth approximately $29,000. Decker Retirement Planning Inc. bought a new position in Capital One Financial in the 4th quarter valued at approximately $32,000. Finally, SBI Securities Co. Ltd. bought a new position in Capital One Financial in the 4th quarter valued at approximately $32,000. 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.