Capital One Financial (NYSE:COF) Given New $161.00 Price Target at Bank of America

Capital One Financial (NYSE:COF) had its price target increased by stock analysts at Bank of America from $158.00 to $161.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Bank of America‘s price objective suggests a potential upside of 8.70% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Keefe, Bruyette & Woods restated an “outperform” rating and set a $159.00 price target on shares of Capital One Financial in a report on Wednesday, March 27th. Wells Fargo & Company raised their price target on shares of Capital One Financial from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. Jefferies Financial Group raised Capital One Financial from a “hold” rating to a “buy” rating and boosted their target price for the company from $145.00 to $165.00 in a research report on Thursday, June 6th. Wolfe Research raised Capital One Financial from a “peer perform” rating to an “outperform” rating and set a $189.00 target price on the stock in a research report on Thursday, April 4th. Finally, Evercore ISI cut their target price on Capital One Financial from $155.00 to $154.00 and set an “in-line” rating on the stock in a research report on Tuesday, June 25th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $145.89.

Capital One Financial Price Performance

Shares of COF opened at $148.11 on Wednesday. The business’s 50-day moving average is $139.19 and its two-hundred day moving average is $138.66. The company has a market capitalization of $56.31 billion, a P/E ratio of 11.60, a P/E/G ratio of 1.14 and a beta of 1.45. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.00 and a current ratio of 1.01. Capital One Financial has a fifty-two week low of $88.23 and a fifty-two week high of $153.35.

Capital One Financial (NYSE:COF) last announced 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 company had revenue of $9.51 billion for the quarter, compared to analyst estimates of $9.57 billion. Capital One Financial had a return on equity of 9.37% and a net margin of 9.01%. Capital One Financial’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $3.52 earnings per share. Research analysts predict that Capital One Financial will post 13.4 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Celia Karam sold 16,913 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $142.88, for a total transaction of $2,416,529.44. Following the completion of the transaction, the insider now owns 47,081 shares in the company, valued at $6,726,933.28. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Robert M. Alexander sold 30,742 shares of the business’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the completion of the transaction, the insider now owns 73,734 shares in the company, valued at $11,060,100. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Celia Karam sold 16,913 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $142.88, for a total transaction of $2,416,529.44. Following the transaction, the insider now owns 47,081 shares of the company’s stock, valued at approximately $6,726,933.28. The disclosure for this sale can be found here. Over the last quarter, insiders sold 56,311 shares of company stock worth $8,274,640. Corporate insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Capital One Financial

A number of institutional investors and hedge funds have recently modified their holdings of COF. Vanguard Group Inc. boosted its stake in Capital One Financial by 0.7% in the first quarter. Vanguard Group Inc. now owns 30,893,408 shares of the financial services provider’s stock valued at $4,599,720,000 after acquiring an additional 226,720 shares in the last quarter. Capital Research Global Investors boosted its stake in Capital One Financial by 72.8% in 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 acquiring an additional 8,900,241 shares in the last quarter. Capital World Investors boosted its stake in Capital One Financial by 2.1% in the fourth quarter. Capital World Investors now owns 14,991,564 shares of the financial services provider’s stock valued at $1,965,761,000 after acquiring an additional 311,696 shares in the last quarter. Pzena Investment Management LLC boosted its stake in Capital One Financial by 1.6% in the fourth quarter. Pzena Investment Management LLC now owns 7,751,043 shares of the financial services provider’s stock valued at $1,016,317,000 after acquiring an additional 124,055 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its stake in Capital One Financial by 18.8% in the first quarter. Clearbridge Investments LLC now owns 3,473,596 shares of the financial services provider’s stock valued at $517,184,000 after acquiring an additional 549,665 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

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.