Royal Bank of Canada Boosts Capital One Financial (NYSE:COF) Price Target to $200.00

Capital One Financial (NYSE:COF) had its price objective raised by equities research analysts at Royal Bank of Canada from $190.00 to $200.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “sector perform” rating on the financial services provider’s stock. Royal Bank of Canada’s price objective would indicate a potential downside of 2.03% from the stock’s previous close.

A number of other brokerages have also recently weighed in on COF. Evercore ISI lifted their price objective on shares of Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. UBS Group upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $168.00 to $235.00 in a research note on Monday, January 13th. Hsbc Global Res upgraded Capital One Financial from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Wells Fargo & Company boosted their target price on Capital One Financial from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, January 3rd. Finally, Bank of America lowered Capital One Financial from a “buy” rating to a “neutral” rating and reduced their price target for the company from $203.00 to $200.00 in a research report on Monday, December 9th. Ten equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Capital One Financial has a consensus rating of “Hold” and a consensus price target of $190.47.

Capital One Financial Trading Up 1.6 %

COF opened at $204.14 on Wednesday. Capital One Financial has a 52 week low of $128.23 and a 52 week high of $207.24. 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 business has a fifty day simple moving average of $184.29 and a 200-day simple moving average of $161.66. The firm has a market cap of $77.82 billion, a P/E ratio of 17.61, a P/E/G ratio of 1.24 and a beta of 1.46.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.31. The company had revenue of $10.19 billion during the quarter, compared to analysts’ expectations of $10,220,675.12 billion. Capital One Financial had a return on equity of 9.50% and a net margin of 9.46%. Capital One Financial’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period last year, the business posted $2.81 EPS. On average, equities analysts expect that Capital One Financial will post 15.22 earnings per share for the current year.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Kara West sold 721 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $184.73, for a total value of $133,190.33. Following the completion of the sale, the insider now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Zamsky sold 10,541 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the transaction, the insider now owns 26,482 shares in the company, valued at approximately $5,038,465.32. This trade represents a 28.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,256 shares of company stock valued at $2,462,487 over the last ninety days. Insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Capital One Financial

Several hedge funds have recently made changes to their positions in the business. State Street Corp lifted its position in Capital One Financial by 0.5% during the 3rd quarter. State Street Corp now owns 16,506,861 shares of the financial services provider’s stock worth $2,471,572,000 after acquiring an additional 74,784 shares during the period. Franklin Resources Inc. grew its position in Capital One Financial by 2.8% in the 3rd quarter. Franklin Resources Inc. now owns 10,387,265 shares of the financial services provider’s stock valued at $1,649,488,000 after buying an additional 280,462 shares during the last quarter. Fisher Asset Management LLC lifted its stake in shares of Capital One Financial by 0.7% in the 3rd quarter. Fisher Asset Management LLC now owns 9,694,297 shares of the financial services provider’s stock worth $1,451,527,000 after acquiring an additional 72,097 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Capital One Financial by 2.0% in the third quarter. Geode Capital Management LLC now owns 8,020,160 shares of the financial services provider’s stock valued at $1,198,664,000 after acquiring an additional 159,616 shares in the last quarter. Finally, FMR LLC raised its holdings in Capital One Financial by 21.4% during the third quarter. FMR LLC now owns 6,640,951 shares of the financial services provider’s stock worth $994,350,000 after purchasing an additional 1,169,395 shares in the last quarter. Institutional investors and hedge funds 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.