Capital One Financial (NYSE:COF) Given New $227.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan lowered its price target for Capital One Financial from $246 to $227 while maintaining an “overweight” rating, implying about 12.45% upside from the stock’s current price.
• Capital One shares rose 1.3% to $201.87. Analysts maintain a consensus “Moderate Buy” rating, with an average price target of $255.04.
• The company reported quarterly EPS of $5.81, exceeding estimates of $4.79, while revenue increased 26.9% year over year to $15.83 billion.

Capital One Financial (NYSE:COF) had its price objective cut by equities research analysts at JPMorgan Chase & Co. from $246.00 to $227.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has an "overweight" rating on the financial services provider's stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 12.45% from the stock's current price.

Other equities research analysts have also recently issued research reports about the company. BMO Capital Markets assumed coverage on Capital One Financial in a research note on Friday. They set a "market perform" rating and a $219.00 target price for the company. Piper Sandler increased their price target on shares of Capital One Financial from $254.00 to $260.00 and gave the company an "overweight" rating in a research note on Monday, September 28th. Wall Street Zen cut shares of Capital One Financial from a "buy" rating to a "hold" rating in a report on Sunday, August 2nd. Evercore set a $220.00 price objective on shares of Capital One Financial in a report on Thursday, October 1st. Finally, Deutsche Bank Aktiengesellschaft set a $245.00 price objective on shares of Capital One Financial in a research report on Thursday, August 20th. Twenty equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $255.04.

Capital One Financial Stock Up 1.3%

Capital One Financial stock traded up $2.60 during midday trading on Monday, reaching $201.87. The company's stock had a trading volume of 686,437 shares, compared to its average volume of 4,633,031. Capital One Financial has a fifty-two week low of $174.24 and a fifty-two week high of $259.64. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39. The company has a market cap of $123.84 billion, a P/E ratio of 12.49, a P/E/G ratio of 0.73 and a beta of 1.04. The business has a 50-day simple moving average of $210.17 and a 200-day simple moving average of $199.76.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%. The company had revenue of $15.83 billion during the quarter, compared to the consensus estimate of $15.76 billion. During the same period in the previous year, the business earned $5.48 EPS. Capital One Financial's revenue for the quarter was up 26.9% on a year-over-year basis. On average, research analysts expect that Capital One Financial will post 20.33 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Celia Karam sold 2,017 shares of the stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $206.07, for a total transaction of $415,643.19. Following the completion of the sale, the insider owned 57,696 shares in the company, valued at $11,889,414.72. This represents a 3.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ravi Raghu sold 9,726 shares of the firm's stock in a transaction on Friday, July 31st. The stock was sold at an average price of $209.78, for a total transaction of $2,040,320.28. Following the transaction, the insider directly owned 26,328 shares in the company, valued at $5,523,087.84. The trade was a 26.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 33,850 shares of company stock worth $7,167,152 over the last 90 days. 0.78% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Capital One Financial

Several hedge funds have recently made changes to their positions in the business. Solstein Capital LLC acquired a new stake in Capital One Financial during the 2nd quarter worth approximately $26,000. Ballast Advisors LLC purchased a new position in Capital One Financial in the first quarter valued at approximately $27,000. Gilpin Wealth Management LLC acquired a new position in Capital One Financial during the third quarter valued at approximately $27,000. Frazier Financial Advisors LLC acquired a new position in Capital One Financial during the first quarter valued at approximately $29,000. Finally, Pension & Wealth Management Advisors Inc. purchased a new stake in Capital One Financial during the second quarter worth approximately $31,000. Institutional investors and hedge funds own 89.84% of the company's stock.

Capital One Financial Company Profile

Capital One Financial Corp. is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company provides credit cards, consumer banking products, auto financing and commercial banking services through its Capital One brand.

Capital One offers credit cards for consumers and businesses, checking and savings accounts, certificates of deposit, personal loans and auto loans. Its commercial banking operations serve businesses, institutions and commercial real estate clients with lending, deposit, treasury management and other financial services.

Capital One primarily serves customers in the United States, with additional operations in Canada and the United Kingdom.

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