Capital One Financial (NYSE:COF) Stock Price Expected to Rise, BTIG Research Analyst Says

Capital One Financial (NYSE:COF) had its price objective boosted by equities research analysts at BTIG Research from $264.00 to $308.00 in a report released on Friday,Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. BTIG Research’s target price suggests a potential upside of 24.07% from the company’s current price.

A number of other equities analysts also recently commented on COF. Truist Financial upped their target price on Capital One Financial from $270.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Deutsche Bank Aktiengesellschaft raised their price objective on Capital One Financial from $240.00 to $263.00 and gave the stock a “hold” rating in a research note on Wednesday, December 17th. Wall Street Zen upgraded Capital One Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. Evercore ISI upped their price objective on shares of Capital One Financial from $240.00 to $255.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 30th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Capital One Financial from $235.00 to $237.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Capital One Financial presently has an average rating of “Moderate Buy” and an average price target of $267.45.

Capital One Financial Trading Down 0.0%

COF traded down $0.03 during mid-day trading on Friday, reaching $248.24. The stock had a trading volume of 491,419 shares, compared to its average volume of 4,118,069. Capital One Financial has a 52 week low of $143.22 and a 52 week high of $249.65. The firm’s fifty day simple moving average is $223.90 and its two-hundred day simple moving average is $218.15. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $157.82 billion, a P/E ratio of 104.77, a P/E/G ratio of 0.57 and a beta of 1.16.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Monday, November 3rd. The financial services provider reported $5.95 EPS for the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. The business had revenue of $15.46 billion for the quarter. On average, equities analysts predict that Capital One Financial will post 15.65 EPS for the current year.

Insider Buying and Selling at Capital One Financial

In other news, insider Frank G. LapradeIii sold 17,840 shares of the business’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $222.03, for a total transaction of $3,961,015.20. Following the sale, the insider directly owned 48,315 shares of the company’s stock, valued at $10,727,379.45. The trade was a 26.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard D. Fairbank sold 103,487 shares of Capital One Financial stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $220.68, for a total transaction of $22,837,511.16. Following the completion of the transaction, the chief executive officer directly owned 4,001,228 shares in the company, valued at approximately $882,990,995.04. This represents a 2.52% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 280,218 shares of company stock valued at $62,395,804. 1.26% of the stock is owned by company insiders.

Institutional Investors Weigh In On Capital One Financial

Several hedge funds have recently bought and sold shares of the stock. Kingstone Capital Partners Texas LLC lifted its holdings in Capital One Financial by 588,668.3% in the second quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock valued at $24,988,129,000 after acquiring an additional 117,427,549 shares during the period. Vanguard Group Inc. grew its stake in Capital One Financial by 74.8% during the 2nd quarter. Vanguard Group Inc. now owns 56,380,913 shares of the financial services provider’s stock valued at $11,995,603,000 after acquiring an additional 24,129,990 shares in the last quarter. State Street Corp grew its holdings in Capital One Financial by 63.4% in the 2nd quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock valued at $5,910,500,000 after buying an additional 10,776,843 shares in the last quarter. Norges Bank purchased a new position in Capital One Financial during the second quarter worth about $1,701,511,000. Finally, Geode Capital Management LLC grew its position in Capital One Financial by 64.1% in the second quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider’s stock worth $2,970,628,000 after acquiring an additional 5,474,328 shares during the period. 89.84% of the stock is currently owned by institutional investors.

Capital One Financial Company Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.