Capital One Financial (NYSE:COF) Stock Rating Upgraded by HSBC

Capital One Financial (NYSE:COF) was upgraded by research analysts at HSBC from a “reduce” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Marketbeat reports. The firm presently has a $176.00 price target on the financial services provider’s stock. HSBC’s target price points to a potential downside of 7.75% from the stock’s current price.

Other research analysts have also issued reports about the company. Robert W. Baird increased their price objective on Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, October 25th. UBS Group raised shares of Capital One Financial from a “neutral” rating to a “buy” rating and raised their price target for the stock from $168.00 to $235.00 in a research report on Monday. Royal Bank of Canada lifted their price objective on shares of Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a research note 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, The Goldman Sachs Group boosted their target price on shares of Capital One Financial from $182.00 to $205.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $188.06.

Capital One Financial Stock Performance

Shares of Capital One Financial stock opened at $190.79 on Tuesday. The company has a 50 day moving average price of $183.63 and a 200 day moving average price of $159.54. The firm has a market capitalization of $72.79 billion, a P/E ratio of 18.02, a PEG ratio of 1.34 and a beta of 1.45. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.78. Capital One Financial has a 52 week low of $123.23 and a 52 week high of $198.30.

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. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The business had revenue of $10 billion during the quarter, compared to analysts’ expectations of $9.88 billion. During the same quarter last year, the company posted $4.45 earnings per share. The business’s quarterly revenue was up 6.8% on a year-over-year basis. Sell-side analysts expect that Capital One Financial will post 13.54 EPS for the current year.

Insiders Place Their Bets

In other news, insider Michael Zamsky sold 10,541 shares of Capital One Financial stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total value of $2,005,530.66. Following the sale, the insider now directly owns 26,482 shares of the company’s stock, valued at $5,038,465.32. The trade was a 28.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Kara West sold 721 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $184.73, for a total value of $133,190.33. Following the completion of the transaction, the insider now directly owns 12,929 shares of the company’s stock, valued at approximately $2,388,374.17. This represents a 5.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,256 shares of company stock worth $2,462,487. Company insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Capital One Financial

A number of large investors have recently modified their holdings of COF. Envestnet Asset Management Inc. boosted its position in Capital One Financial by 2.2% during the second quarter. Envestnet Asset Management Inc. now owns 555,597 shares of the financial services provider’s stock worth $76,922,000 after acquiring an additional 11,960 shares during the last quarter. Brown Brothers Harriman & Co. lifted its stake in Capital One Financial by 25.4% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 9,383 shares of the financial services provider’s stock worth $1,299,000 after purchasing an additional 1,903 shares in the last quarter. Citizens Financial Group Inc. RI boosted its holdings in shares of Capital One Financial by 117.7% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 5,370 shares of the financial services provider’s stock worth $744,000 after purchasing an additional 2,903 shares during the last quarter. Lmcg Investments LLC grew its position in shares of Capital One Financial by 0.6% in the second quarter. Lmcg Investments LLC now owns 99,457 shares of the financial services provider’s stock valued at $13,770,000 after purchasing an additional 569 shares in the last quarter. Finally, Axxcess Wealth Management LLC increased its holdings in shares of Capital One Financial by 3.7% in the second quarter. Axxcess Wealth Management LLC now owns 5,048 shares of the financial services provider’s stock valued at $699,000 after purchasing an additional 179 shares during the last quarter. Hedge funds and other 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.