Capital One Financial (NYSE:COF) Stock Rating Raised to “Hold” at BMO Capital Markets

Capital One Financial (NYSE:COF) was upgraded by BMO Capital Markets to a “hold” rating in a research report issued to clients and investors on Thursday, Zacks reports.

Other analysts have also issued research reports about the stock. UBS Group boosted their target price on shares of Capital One Financial from $275.00 to $280.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Barclays cut their target price on shares of Capital One Financial from $240.00 to $237.00 and set an “overweight” rating on the stock in a report on Monday. Citigroup lowered their target price on Capital One Financial from $295.00 to $280.00 and set a “buy” rating for the company in a report on Tuesday, September 29th. Deutsche Bank Aktiengesellschaft set a $245.00 price target on Capital One Financial in a research report on Thursday, August 20th. Finally, Weiss Ratings downgraded Capital One Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. Twenty investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $256.09.

Capital One Financial Stock Performance

Capital One Financial stock opened at $199.14 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02. The firm’s fifty day moving average price is $210.17 and its 200 day moving average price is $199.65. The company has a market capitalization of $122.17 billion, a price-to-earnings ratio of 12.32, a price-to-earnings-growth ratio of 0.73 and a beta of 1.04. Capital One Financial has a 12-month low of $174.24 and a 12-month high of $259.64.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, topping analysts’ consensus estimates of $4.79 by $1.02. The business had revenue of $15.83 billion during the quarter, compared to the consensus estimate of $15.76 billion. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The business’s quarterly revenue was up 26.9% compared to the same quarter last year. During the same quarter last year, the company earned $5.48 earnings per share. On average, research analysts forecast that Capital One Financial will post 20.33 EPS for the current fiscal year.

Insider Activity

In other Capital One Financial news, insider Celia Karam sold 2,017 shares of the business’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $206.07, for a total transaction of $415,643.19. Following the completion of the transaction, the insider owned 57,696 shares in the company, valued at approximately $11,889,414.72. The trade was a 3.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Zamsky sold 5,473 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $218.02, for a total value of $1,193,223.46. Following the completion of the transaction, the insider directly owned 27,992 shares of the company’s stock, valued at approximately $6,102,815.84. The trade was a 16.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 33,850 shares of company stock worth $7,167,152 over the last ninety days. 0.78% 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 stock. State Street Corp lifted its position in Capital One Financial by 107.9% in the 2nd quarter. State Street Corp now owns 57,278,732 shares of the financial services provider’s stock worth $11,491,259,000 after buying an additional 29,724,829 shares in the last quarter. Bank of America Corp DE purchased a new position in shares of Capital One Financial during the 2nd quarter valued at $1,435,311,000. Legal & General Group Plc purchased a new position in shares of Capital One Financial during the 2nd quarter valued at $680,983,000. Berkshire Hathaway Inc acquired a new position in shares of Capital One Financial in the second quarter worth $601,860,000. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Capital One Financial during the second quarter worth $482,718,000. Institutional investors own 89.84% of the company’s stock.

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.