JPMorgan Chase & Co. Has Lowered Expectations for Capital One Financial (NYSE:COF) Stock Price

Capital One Financial (NYSE:COF) had its target price dropped by stock analysts at JPMorgan Chase & Co. from $246.00 to $227.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 14.67% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Bank of America reduced their price target on shares of Capital One Financial from $234.00 to $231.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft set a $245.00 price objective on shares of Capital One Financial in a research note on Thursday, August 20th. BMO Capital Markets began coverage on shares of Capital One Financial in a report on Friday, October 9th. They set a “market perform” rating and a $219.00 price objective for the company. Wall Street Zen lowered shares of Capital One Financial from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Finally, Wolfe Research lifted their target price on shares of Capital One Financial from $255.00 to $275.00 and gave the company an “outperform” rating in a research note on Tuesday, August 25th. Twenty research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $255.04.

Capital One Financial Stock Down 1.6%

Shares of NYSE:COF opened at $197.96 on Monday. Capital One Financial has a 52 week low of $174.24 and a 52 week high of $259.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.02. The company’s fifty day moving average is $209.35 and its 200-day moving average is $199.97. The company has a market capitalization of $121.44 billion, a PE ratio of 10.04, a P/E/G ratio of 0.74 and a beta of 1.04.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, topping the consensus estimate of $4.79 by $1.02. The business had revenue of $15.83 billion for the quarter, compared to analyst estimates of $15.76 billion. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The firm’s quarterly revenue was up 26.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.48 EPS. Equities research analysts predict that Capital One Financial will post 20.34 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Lia Dean sold 2,193 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $225.52, for a total transaction of $494,565.36. Following the transaction, the insider owned 63,261 shares in the company, valued at $14,266,620.72. This represents a 3.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew Cooper sold 3,500 shares of the stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $214.10, for a total transaction of $749,350.00. Following the sale, the general counsel directly owned 83,194 shares in the company, valued at approximately $17,811,835.40. This represents a 4.04% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 33,850 shares of company stock valued at $7,167,152 over the last three months. Company insiders own 0.78% of the company’s stock.

Hedge Funds Weigh In On Capital One Financial

Large investors have recently modified their holdings of the stock. State Street Corp raised its position in shares of Capital One Financial by 107.9% during the second quarter. State Street Corp now owns 57,278,732 shares of the financial services provider’s stock worth $11,491,259,000 after acquiring an additional 29,724,829 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of Capital One Financial during the second quarter valued at $1,435,311,000. Legal & General Group Plc bought a new position in Capital One Financial in the second quarter valued at about $680,983,000. Berkshire Hathaway Inc bought a new position in Capital One Financial in the second quarter valued at about $601,860,000. Finally, Canada Pension Plan Investment Board bought a new position in Capital One Financial in the second quarter valued at about $482,718,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Company Profile

Capital One Financial Corp. is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company provides credit cards, consumer banking products, auto financing and commercial banking services through its Capital One brand.

Capital One offers credit cards for consumers and businesses, checking and savings accounts, certificates of deposit, personal loans and auto loans. Its commercial banking operations serve businesses, institutions and commercial real estate clients with lending, deposit, treasury management and other financial services.

Capital One primarily serves customers in the United States, with additional operations in Canada and the United Kingdom.