Capital One Financial Co. (NYSE:COF – Get Rating) – Equities researchers at Seaport Res Ptn lifted their Q2 2023 earnings per share estimates for shares of Capital One Financial in a report issued on Monday, May 22nd. Seaport Res Ptn analyst W. Ryan now expects that the financial services provider will earn $3.39 per share for the quarter, up from their prior estimate of $3.08. The consensus estimate for Capital One Financial’s current full-year earnings is $12.30 per share. Seaport Res Ptn also issued estimates for Capital One Financial’s Q3 2023 earnings at $3.32 EPS, FY2023 earnings at $17.84 EPS and FY2024 earnings at $12.15 EPS.
COF has been the topic of several other research reports. Bank of America lowered their price target on Capital One Financial from $122.00 to $120.00 and set a “neutral” rating on the stock in a report on Tuesday, April 11th. TheStreet raised Capital One Financial from a “c+” rating to a “b-” rating in a report on Friday, January 27th. Credit Suisse Group lowered their price target on Capital One Financial from $112.00 to $108.00 in a report on Friday, April 28th. Barclays lowered their price target on Capital One Financial from $119.00 to $114.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 12th. Finally, Odeon Capital Group cut Capital One Financial from a “hold” rating to a “sell” rating and set a $94.20 price target on the stock. in a report on Thursday, March 2nd. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $114.78.
Capital One Financial Stock Performance
Capital One Financial (NYSE:COF – Get Rating) last issued its quarterly earnings data on Thursday, April 27th. The financial services provider reported $2.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.80 by ($1.49). The company had revenue of $8.90 billion for the quarter, compared to analysts’ expectations of $9.07 billion. Capital One Financial had a return on equity of 10.90% and a net margin of 14.33%. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period last year, the company posted $5.62 EPS.
Capital One Financial Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, May 26th. Investors of record on Monday, May 15th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, May 12th. This represents a $2.40 annualized dividend and a yield of 2.40%. Capital One Financial’s payout ratio is 16.55%.
Hedge Funds Weigh In On Capital One Financial
Several institutional investors and hedge funds have recently bought and sold shares of COF. Empower Advisory Group LLC bought a new stake in shares of Capital One Financial in the 1st quarter worth approximately $342,000. Brandywine Global Investment Management LLC grew its position in shares of Capital One Financial by 40.8% in the 1st quarter. Brandywine Global Investment Management LLC now owns 370,100 shares of the financial services provider’s stock worth $35,589,000 after buying an additional 107,329 shares during the last quarter. Old North State Trust LLC grew its position in shares of Capital One Financial by 31.6% in the 1st quarter. Old North State Trust LLC now owns 1,041 shares of the financial services provider’s stock worth $76,000 after buying an additional 250 shares during the last quarter. Toroso Investments LLC grew its position in shares of Capital One Financial by 21.0% in the 1st quarter. Toroso Investments LLC now owns 28,709 shares of the financial services provider’s stock worth $2,761,000 after buying an additional 4,979 shares during the last quarter. Finally, Putnam Investments LLC grew its position in shares of Capital One Financial by 0.4% in the 1st quarter. Putnam Investments LLC now owns 2,617,888 shares of the financial services provider’s stock worth $251,736,000 after buying an additional 9,415 shares during the last quarter. 88.30% of the stock is currently owned by institutional investors.
Capital One Financial Company Profile
Capital One Financial Corp. operates as a financial holding company. The firm engages in the provision of financial products and services. It operates through the following segments: Credit Card, Consumer Banking and Commercial Banking. The Credit Card segment includes domestic consumer and small business card lending, and international card lending businesses.
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