Capital One Financial (NYSE:COF) PT Raised to $160.00 at Royal Bank of Canada

Capital One Financial (NYSE:COF) had its price target raised by analysts at Royal Bank of Canada from $150.00 to $160.00 in a research report issued on Friday, Benzinga reports. The firm currently has a “sector perform” rating on the financial services provider’s stock. Royal Bank of Canada’s price target suggests a potential downside of 0.79% from the company’s current price.

COF has been the subject of a number of other reports. Robert W. Baird lifted their target price on Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a report on Friday. Citigroup started coverage on Capital One Financial in a report on Friday, September 20th. They issued a “buy” rating and a $190.00 target price for the company. Bank of America boosted their target price on Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Barclays boosted their price target on 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. Finally, Evercore ISI dropped their price target on Capital One Financial from $166.00 to $163.00 and set an “in-line” rating on the stock in a research report on Monday, October 7th. Twelve equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Capital One Financial currently has a consensus rating of “Hold” and an average price target of $152.39.

Capital One Financial Stock Performance

Shares of Capital One Financial stock opened at $161.27 on Friday. Capital One Financial has a one year low of $89.08 and a one year high of $167.93. The company has a market cap of $61.31 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 1.22 and a beta of 1.44. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.00 and a current ratio of 1.00. The business’s 50 day moving average price is $147.82 and its 200 day moving average price is $142.87.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, beating analysts’ consensus estimates of $3.70 by $0.81. Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The business had revenue of $10 billion during the quarter, compared to analysts’ expectations of $9.88 billion. During the same period in the previous year, the firm posted $4.45 earnings per share. The company’s revenue was up 6.8% on a year-over-year basis. On average, research analysts predict that Capital One Financial will post 12.87 EPS for the current year.

Insider Activity

In related news, CEO Kevin S. Borgmann sold 61,532 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the completion of the sale, the chief executive officer now owns 40,934 shares in the company, valued at $5,438,491.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Frank G. LapradeIii sold 15,751 shares of the firm’s stock in a transaction dated 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 owns 44,711 shares of the company’s stock, valued at approximately $7,153,760. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kevin S. Borgmann sold 61,532 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the completion of the transaction, the chief executive officer now directly owns 40,934 shares in the company, valued at $5,438,491.24. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Capital One Financial by 21.4% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 27,493 shares of the financial services provider’s stock worth $4,093,000 after acquiring an additional 4,840 shares during the last quarter. Twin Tree Management LP increased its holdings in Capital One Financial by 5.6% during the first quarter. Twin Tree Management LP now owns 68,504 shares of the financial services provider’s stock worth $10,200,000 after buying an additional 3,609 shares during the last quarter. Clear Harbor Asset Management LLC bought a new position in Capital One Financial during the second quarter worth $511,000. QRG Capital Management Inc. boosted its position in Capital One Financial by 3.2% during the second quarter. QRG Capital Management Inc. now owns 122,264 shares of the financial services provider’s stock worth $16,927,000 after purchasing an additional 3,776 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its position in Capital One Financial by 20.4% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 15,817 shares of the financial services provider’s stock worth $2,355,000 after purchasing an additional 2,675 shares during the period. Institutional investors own 89.84% of the company’s stock.

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.