Barclays Raises Capital One Financial (NYSE:COF) Price Target to $158.00

Capital One Financial (NYSE:COF) had its target price raised by investment analysts at Barclays from $154.00 to $158.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s price target would suggest a potential upside of 4.71% from the stock’s current price.

A number of other analysts also recently issued reports on COF. JPMorgan Chase & Co. lifted their price target on shares of Capital One Financial from $156.00 to $157.00 and gave the company a “neutral” rating in a report on Monday. Citigroup assumed coverage on Capital One Financial in a research report on Friday, September 20th. They issued a “buy” rating and a $190.00 target price on the stock. Evercore ISI cut their price target on Capital One Financial from $166.00 to $163.00 and set an “in-line” rating for the company in a report on Monday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $150.00 price objective on shares of Capital One Financial in a report on Thursday, July 25th. Finally, Bank of America raised their target price on shares of Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $148.00.

Capital One Financial Price Performance

Shares of Capital One Financial stock traded down $1.10 during trading hours on Tuesday, hitting $150.90. The company’s stock had a trading volume of 821,816 shares, compared to its average volume of 2,447,664. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.00 and a current ratio of 1.00. Capital One Financial has a 12-month low of $88.23 and a 12-month high of $154.18. The business has a 50 day moving average price of $142.80 and a two-hundred day moving average price of $141.70. The company has a market cap of $57.37 billion, a PE ratio of 11.82, a PEG ratio of 1.21 and a beta of 1.44.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share for the quarter, missing the consensus estimate of $3.28 by ($0.14). The business had revenue of $9.51 billion during the quarter, compared to the consensus estimate of $9.57 billion. Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.52 earnings per share. Analysts expect that Capital One Financial will post 12.91 earnings per share for the current fiscal year.

Insider Buying and Selling at Capital One Financial

In related news, CEO Kevin S. Borgmann sold 61,532 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total value of $8,175,141.52. Following the transaction, the chief executive officer now owns 40,934 shares of the company’s stock, valued at $5,438,491.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Capital One Financial news, insider Robert M. Alexander sold 30,742 shares of the company’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total value of $4,611,300.00. Following the completion of the sale, the insider now directly owns 73,734 shares in the company, valued at approximately $11,060,100. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Kevin S. Borgmann sold 61,532 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total value of $8,175,141.52. Following the transaction, the chief executive officer now directly owns 40,934 shares in the company, valued at $5,438,491.24. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Capital One Financial

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Capital One Financial by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 30,893,408 shares of the financial services provider’s stock valued at $4,599,720,000 after purchasing an additional 226,720 shares in the last quarter. Capital Research Global Investors increased its holdings in Capital One Financial by 72.8% during the first quarter. Capital Research Global Investors now owns 21,128,089 shares of the financial services provider’s stock valued at $3,145,761,000 after buying an additional 8,900,241 shares during the period. Clearbridge Investments LLC raised its stake in Capital One Financial by 5.5% in the second quarter. Clearbridge Investments LLC now owns 3,663,439 shares of the financial services provider’s stock worth $507,203,000 after buying an additional 189,843 shares in the last quarter. Legal & General Group Plc lifted its holdings in Capital One Financial by 2.5% during the second quarter. Legal & General Group Plc now owns 3,331,196 shares of the financial services provider’s stock worth $461,204,000 after buying an additional 79,908 shares during the period. Finally, Putnam Investments LLC boosted its position in Capital One Financial by 4.0% during the 4th quarter. Putnam Investments LLC now owns 2,647,696 shares of the financial services provider’s stock valued at $347,166,000 after acquiring an additional 101,613 shares in the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

About Capital One Financial

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.