Capital One Financial (NYSE:COF) had its price objective cut by investment analysts at Bank of America from $234.00 to $231.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. Bank of America‘s target price would indicate a potential upside of 20.50% from the stock’s current price.
Several other equities research analysts have also issued reports on COF. Royal Bank Of Canada dropped their price target on Capital One Financial from $275.00 to $235.00 and set a “sector perform” rating for the company in a research note on Friday, April 10th. Wells Fargo & Company decreased their price objective on Capital One Financial from $280.00 to $260.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Argus dropped their target price on Capital One Financial from $260.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Piper Sandler initiated coverage on Capital One Financial in a research note on Monday, June 29th. They issued an “overweight” rating and a $254.00 target price for the company. Finally, Evercore reduced their price target on shares of Capital One Financial from $265.00 to $222.00 and set an “outperform” rating on the stock in a research report on Monday, April 6th. Nineteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $258.41.
Read Our Latest Stock Report on Capital One Financial
Capital One Financial Price Performance
Capital One Financial (NYSE:COF – Get Free Report) last posted its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.08 by ($0.66). Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.The company had revenue of $15.23 billion for the quarter, compared to the consensus estimate of $15.68 billion. During the same period in the prior year, the firm posted $4.06 earnings per share. The business’s revenue was up 52.3% on a year-over-year basis. On average, equities research analysts anticipate that Capital One Financial will post 19.53 earnings per share for the current fiscal year.
Insider Transactions at Capital One Financial
In related news, insider Celia Karam sold 1,749 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $192.58, for a total transaction of $336,822.42. Following the transaction, the insider directly owned 61,579 shares in the company, valued at $11,858,883.82. This trade represents a 2.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew W. Cooper sold 3,500 shares of Capital One Financial stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $208.00, for a total value of $728,000.00. Following the completion of the transaction, the general counsel directly owned 90,194 shares in the company, valued at $18,760,352. This trade represents a 3.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 8,749 shares of company stock valued at $1,708,577. 0.78% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in COF. Norges Bank bought a new stake in Capital One Financial during the 4th quarter valued at $2,089,803,000. Viking Global Investors LP grew its holdings in Capital One Financial by 30.3% in the 3rd quarter. Viking Global Investors LP now owns 7,388,506 shares of the financial services provider’s stock worth $1,570,649,000 after acquiring an additional 1,717,148 shares during the last quarter. Bessemer Group Inc. increased its position in shares of Capital One Financial by 7,143.2% in the fourth quarter. Bessemer Group Inc. now owns 1,448,126 shares of the financial services provider’s stock valued at $350,966,000 after acquiring an additional 1,428,133 shares during the period. AQR Capital Management LLC increased its position in shares of Capital One Financial by 64.9% in the fourth quarter. AQR Capital Management LLC now owns 3,366,692 shares of the financial services provider’s stock valued at $815,951,000 after acquiring an additional 1,324,845 shares during the period. Finally, Amundi raised its stake in shares of Capital One Financial by 41.5% during the first quarter. Amundi now owns 3,067,354 shares of the financial services provider’s stock valued at $559,577,000 after acquiring an additional 899,409 shares during the last quarter. Institutional investors own 89.84% of the company’s stock.
About Capital One Financial
Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.
Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.
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