Zacks Research Has Bullish Forecast for COF FY2024 Earnings

Capital One Financial Co. (NYSE:COF) – Investment analysts at Zacks Research boosted their FY2024 EPS estimates for shares of Capital One Financial in a research note issued on Thursday, November 14th. Zacks Research analyst R. Department now forecasts that the financial services provider will earn $13.26 per share for the year, up from their prior forecast of $12.82. The consensus estimate for Capital One Financial’s current full-year earnings is $13.54 per share. Zacks Research also issued estimates for Capital One Financial’s Q2 2025 earnings at $3.75 EPS, Q3 2025 earnings at $4.24 EPS, FY2025 earnings at $15.13 EPS and Q2 2026 earnings at $4.48 EPS.

Capital One Financial (NYSE:COF) last released its 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 net margin of 8.80% and a return on equity of 9.00%. The business had revenue of $10 billion during the quarter, compared to analysts’ expectations of $9.88 billion. During the same quarter last year, the company earned $4.45 earnings per share. The firm’s revenue was up 6.8% on a year-over-year basis.

Other research analysts have also issued reports about the company. Citigroup began coverage on Capital One Financial in a research note on Friday, September 20th. They issued a “buy” rating and a $190.00 target price for the company. Bank of America increased their price objective on shares of Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Barclays lifted their target price 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. JPMorgan Chase & Co. increased their price target on shares of Capital One Financial from $156.00 to $157.00 and gave the stock a “neutral” rating in a research report on Monday, October 7th. Finally, Robert W. Baird raised 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. Eleven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Capital One Financial has an average rating of “Hold” and an average price target of $156.35.

Capital One Financial Price Performance

Shares of COF stock opened at $185.14 on Monday. Capital One Financial has a 12 month low of $104.21 and a 12 month high of $198.30. The company has a market capitalization of $70.63 billion, a P/E ratio of 17.48, a P/E/G ratio of 1.37 and a beta of 1.43. The stock has a 50 day moving average of $157.74 and a two-hundred day moving average of $146.39. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.78.

Institutional Trading of Capital One Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. LRI Investments LLC bought a new position in shares of Capital One Financial in the 1st quarter valued at about $25,000. Y.D. More Investments Ltd acquired a new stake in Capital One Financial during the 2nd quarter worth $28,000. Hobbs Group Advisors LLC bought a new stake in shares of Capital One Financial during the 2nd quarter valued at $29,000. Unique Wealth Strategies LLC bought a new position in shares of Capital One Financial in the 2nd quarter worth $36,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Capital One Financial during the third quarter worth $36,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Capital One Financial

In other news, insider Mark Daniel Mouadeb sold 1,994 shares of Capital One Financial stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $162.37, for a total value of $323,765.78. Following the completion of the sale, the insider now directly owns 19,776 shares of the company’s stock, valued at approximately $3,211,029.12. This trade represents a 9.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Frank G. LapradeIii sold 15,751 shares of the company’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $160.00, for a total value of $2,520,160.00. Following the transaction, the insider now directly owns 44,711 shares in the company, valued at $7,153,760. This trade represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,007 shares of company stock worth $4,982,647. Insiders own 1.30% of the company’s stock.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date is Thursday, November 14th. Capital One Financial’s dividend payout ratio is currently 22.66%.

Capital One Financial Company Profile

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.