HSBC Upgrades Capital One Financial (NYSE:COF) to “Hold”

Capital One Financial (NYSE:COF) was upgraded by analysts at HSBC from a “reduce” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Briefing.com Automated Import reports. The firm currently has a $176.00 price objective on the financial services provider’s stock. HSBC’s price objective would suggest a potential downside of 2.43% from the company’s current price.

Several other analysts have also commented on the stock. The Goldman Sachs Group lifted their price target 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. Evercore ISI boosted their price target on shares of Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Robert W. Baird increased their price objective on shares of Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Keefe, Bruyette & Woods upped their price target on Capital One Financial from $185.00 to $232.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Finally, JPMorgan Chase & Co. raised their price target on Capital One Financial from $162.00 to $186.00 and gave the stock a “neutral” rating in a research report on Monday, December 9th. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $188.06.

Capital One Financial Stock Performance

Shares of Capital One Financial stock opened at $180.39 on Tuesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.00 and a current ratio of 1.00. The business’s 50 day moving average price is $183.26 and its 200 day moving average price is $159.21. The company has a market cap of $68.77 billion, a price-to-earnings ratio of 17.03, a PEG ratio of 1.36 and a beta of 1.46. Capital One Financial has a one year low of $123.23 and a one year high of $198.30.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.51 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $10 billion during the quarter, compared to analyst estimates of $9.88 billion. During the same quarter in the prior year, the firm posted $4.45 earnings per share. Capital One Financial’s quarterly revenue was up 6.8% on a year-over-year basis. On average, research analysts predict that Capital One Financial will post 13.54 EPS for the current year.

Insider Activity at Capital One Financial

In related news, insider Frank G. LapradeIii sold 15,751 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $160.00, for a total value of $2,520,160.00. Following the completion of the transaction, the insider now directly owns 44,711 shares of the company’s stock, valued at $7,153,760. This represents a 26.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael Zamsky sold 10,541 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the completion of the transaction, the insider now owns 26,482 shares in the company, valued at $5,038,465.32. This represents a 28.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,007 shares of company stock valued at $4,982,647 over the last quarter. 1.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Capital One Financial

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Oak Thistle LLC purchased a new position in shares of Capital One Financial during the fourth quarter worth about $313,000. Pines Wealth Management LLC acquired a new position in Capital One Financial during the fourth quarter worth approximately $308,000. Sunflower Bank N.A. lifted its stake in Capital One Financial by 4.8% in the fourth quarter. Sunflower Bank N.A. now owns 2,705 shares of the financial services provider’s stock valued at $482,000 after buying an additional 125 shares during the last quarter. Cooper Financial Group boosted its holdings in shares of Capital One Financial by 12.1% in the fourth quarter. Cooper Financial Group now owns 6,297 shares of the financial services provider’s stock valued at $1,123,000 after acquiring an additional 681 shares during the period. Finally, Wedmont Private Capital increased its holdings in shares of Capital One Financial by 5.9% in the 4th quarter. Wedmont Private Capital now owns 5,765 shares of the financial services provider’s stock valued at $1,011,000 after acquiring an additional 321 shares during the period. 89.84% of the stock is currently owned by institutional investors and hedge funds.

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.