Capital One Financial (NYSE:COF) Now Covered by Truist Financial

Analysts at Truist Financial initiated coverage on shares of Capital One Financial (NYSE:COF) in a research report issued on Tuesday,Benzinga reports. The firm set a “buy” rating and a $229.00 price target on the financial services provider’s stock. Truist Financial’s target price suggests a potential upside of 24.88% from the company’s current price.

COF has been the subject of a number of other research reports. The Goldman Sachs Group raised their price target on shares of Capital One Financial from $182.00 to $205.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Bank of America cut shares of Capital One Financial from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $203.00 to $200.00 in a report on Monday, December 9th. Royal Bank of Canada raised their price target on shares of Capital One Financial from $150.00 to $160.00 and gave the stock a “sector perform” rating in a report on Friday, October 25th. Evercore ISI raised their target price on shares of Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Capital One Financial from $185.00 to $232.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Ten research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $181.12.

Capital One Financial Trading Up 1.6 %

NYSE:COF opened at $183.38 on Tuesday. Capital One Financial has a 52 week low of $123.23 and a 52 week high of $198.30. The firm has a 50 day moving average of $181.68 and a 200 day moving average of $157.69. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $69.96 billion, a price-to-earnings ratio of 17.32, a PEG ratio of 1.36 and a beta of 1.46.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.70 by $0.81. The business had revenue of $10 billion during the quarter, compared to analysts’ expectations of $9.88 billion. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the company posted $4.45 earnings per share. As a group, sell-side analysts anticipate that Capital One Financial will post 13.54 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Kara West sold 721 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $184.73, for a total transaction of $133,190.33. Following the transaction, the insider now directly owns 12,929 shares in the company, valued at approximately $2,388,374.17. The trade was a 5.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Frank G. LapradeIii sold 15,751 shares of the business’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $160.00, for a total transaction of $2,520,160.00. Following the transaction, the insider now owns 44,711 shares in the company, valued at $7,153,760. The trade was a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,007 shares of company stock worth $4,982,647 over the last 90 days. 1.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Capital One Financial

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Prossimo Advisors LLC boosted its position in Capital One Financial by 2.4% during the third quarter. Prossimo Advisors LLC now owns 2,735 shares of the financial services provider’s stock worth $410,000 after acquiring an additional 65 shares during the last quarter. Arkadios Wealth Advisors raised its stake in shares of Capital One Financial by 3.9% in the 3rd quarter. Arkadios Wealth Advisors now owns 1,780 shares of the financial services provider’s stock valued at $266,000 after acquiring an additional 66 shares during the period. Baldwin Investment Management LLC raised its stake in shares of Capital One Financial by 0.6% in the 3rd quarter. Baldwin Investment Management LLC now owns 12,215 shares of the financial services provider’s stock valued at $1,829,000 after acquiring an additional 70 shares during the period. Harbour Investments Inc. raised its stake in shares of Capital One Financial by 0.7% in the 3rd quarter. Harbour Investments Inc. now owns 9,579 shares of the financial services provider’s stock valued at $1,434,000 after acquiring an additional 71 shares during the period. Finally, Arvest Investments Inc. raised its stake in shares of Capital One Financial by 1.2% in the 3rd quarter. Arvest Investments Inc. now owns 6,513 shares of the financial services provider’s stock valued at $975,000 after acquiring an additional 75 shares during the period. 89.84% of the stock is currently owned by institutional investors and hedge funds.

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.