Capital One Financial (NYSE:COF) had its target price hoisted by Wells Fargo & Company from $90.00 to $100.00 in a research report released on Friday, The Fly reports. They currently have an overweight rating on the financial services provider’s stock.
Several other research firms have also recently weighed in on COF. Morgan Stanley lifted their target price on Capital One Financial from $66.00 to $72.00 and gave the company an equal weight rating in a research note on Monday, October 5th. Wolfe Research started coverage on Capital One Financial in a report on Friday, July 31st. They issued an outperform rating for the company. JPMorgan Chase & Co. boosted their target price on Capital One Financial from $72.00 to $86.50 and gave the stock an overweight rating in a report on Friday, October 9th. Zacks Investment Research upgraded Capital One Financial from a sell rating to a hold rating and set a $79.00 price target for the company in a report on Wednesday, October 7th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Capital One Financial from $76.00 to $73.00 and set a hold rating for the company in a report on Wednesday, July 22nd. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company currently has an average rating of Buy and an average price target of $93.66.
Shares of COF opened at $74.95 on Friday. Capital One Financial has a 1 year low of $38.00 and a 1 year high of $107.59. The company has a market cap of $34.22 billion, a price-to-earnings ratio of 37.48 and a beta of 1.71. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a fifty day moving average of $74.82 and a 200-day moving average of $66.76.
Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Thursday, October 22nd. The financial services provider reported $5.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $3.06. Capital One Financial had a net margin of 0.74% and a return on equity of 1.67%. The business had revenue of $7.38 billion for the quarter, compared to analysts’ expectations of $6.71 billion. During the same period in the previous year, the business earned $3.32 earnings per share. The company’s revenue was up 6.1% on a year-over-year basis. Analysts predict that Capital One Financial will post -0.93 EPS for the current year.
In other news, insider Michael J. Wassmer sold 13,784 shares of the business’s stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $78.00, for a total value of $1,075,152.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Timothy P. Golden sold 5,724 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $69.11, for a total value of $395,585.64. The disclosure for this sale can be found here. 1.47% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the company. Hall Laurie J Trustee purchased a new stake in shares of Capital One Financial in the third quarter worth approximately $25,000. Harbor Investment Advisory LLC grew its holdings in Capital One Financial by 1,085.7% during the third quarter. Harbor Investment Advisory LLC now owns 415 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 380 shares during the period. Evolution Wealth Advisors LLC grew its holdings in Capital One Financial by 1,000.0% during the third quarter. Evolution Wealth Advisors LLC now owns 473 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 430 shares during the period. CX Institutional grew its holdings in Capital One Financial by 48.0% during the third quarter. CX Institutional now owns 518 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 168 shares during the period. Finally, Pacifica Partners Inc. bought a new position in shares of Capital One Financial in the second quarter worth $43,000. 88.15% of the stock is owned by hedge funds and other institutional investors.
Capital One Financial Company Profile
Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.
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