Capital One Financial (NYSE:COF) Stock Price Target Cut by UBS Group

Key Points

• UBS Group lowered Capital One Financial’s price target from $280 to $274 while maintaining a “buy” rating, implying approximately 30.14% upside from the prior close.
• Analyst sentiment remains favorable: 20 analysts rate the stock a Buy and four rate it a Hold, producing a “Moderate Buy” consensus and an average price target of $256.50.
• Capital One reported quarterly EPS of $6.69, exceeding estimates by $1.16, while revenue rose 6.4% year over year to $16.31 billion. Shares traded at $210.54, up $5.69, during Monday’s session.

Capital One Financial (NYSE:COF - Get Free Report) had its price objective lowered by stock analysts at UBS Group from $280.00 to $274.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a "buy" rating on the financial services provider's stock. UBS Group's price target would indicate a potential upside of 30.14% from the company's previous close.

COF has been the topic of a number of other research reports. Evercore restated an "outperform" rating and issued a $230.00 price target on shares of Capital One Financial in a research report on Tuesday, October 27th. Piper Sandler increased their price objective on shares of Capital One Financial from $260.00 to $269.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 21st. Bank of America decreased their target price on shares of Capital One Financial from $234.00 to $231.00 and set a "buy" rating on the stock in a report on Thursday, July 9th. Wolfe Research boosted their target price on shares of Capital One Financial from $255.00 to $275.00 and gave the company an "outperform" rating in a research report on Tuesday, August 25th. Finally, Citigroup lifted their price objective on shares of Capital One Financial from $280.00 to $285.00 and gave the company a "buy" rating in a research note on Wednesday, October 21st. Twenty investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $256.50.

Capital One Financial Stock Performance

Shares of NYSE:COF traded up $5.69 during trading on Monday, reaching $210.54. 4,956,717 shares of the stock were exchanged, compared to its average volume of 4,620,141. Capital One Financial has a 12 month low of $174.24 and a 12 month high of $259.64. The stock has a 50-day moving average price of $204.67 and a 200-day moving average price of $201.62. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.45. The firm has a market cap of $129.16 billion, a PE ratio of 12.43, a PEG ratio of 0.93 and a beta of 1.04.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $6.69 earnings per share for the quarter, topping the consensus estimate of $5.53 by $1.16. The business had revenue of $16.31 billion during the quarter, compared to analysts' expectations of $16.25 billion. Capital One Financial had a return on equity of 11.64% and a net margin of 13.70%. The firm's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the firm posted $5.95 EPS. Research analysts expect that Capital One Financial will post 21.53 EPS for the current fiscal year.

Insider Transactions at Capital One Financial

In other news, CEO Richard D. Fairbank sold 90,743 shares of the stock in a transaction on Tuesday, October 27th. The stock was sold at an average price of $202.86, for a total value of $18,408,124.98. Following the completion of the transaction, the chief executive officer directly owned 4,018,520 shares in the company, valued at approximately $815,196,967.20. This represents a 2.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Zamsky sold 5,473 shares of the business's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $218.02, for a total value of $1,193,223.46. Following the sale, the insider owned 27,992 shares in the company, valued at $6,102,815.84. This represents a 16.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 115,194 shares of company stock valued at $23,546,209. Corporate insiders own 0.78% of the company's stock.

Institutional Trading of Capital One Financial

Hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp grew its stake in shares of Capital One Financial by 107.9% in the second quarter. State Street Corp now owns 57,278,732 shares of the financial services provider's stock worth $11,491,259,000 after purchasing an additional 29,724,829 shares during the last quarter. BlackRock Inc. lifted its holdings in Capital One Financial by 0.5% during the 2nd quarter. BlackRock Inc. now owns 51,054,869 shares of the financial services provider's stock worth $10,242,628,000 after buying an additional 236,643 shares during the period. Bank of America Corp DE acquired a new position in Capital One Financial during the 2nd quarter worth about $1,435,311,000. Wellington Management Group LLP grew its position in shares of Capital One Financial by 36.2% in the 2nd quarter. Wellington Management Group LLP now owns 7,108,112 shares of the financial services provider's stock valued at $1,426,029,000 after buying an additional 1,887,497 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Capital One Financial by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,621,240 shares of the financial services provider's stock valued at $1,127,733,000 after buying an additional 187,532 shares during the last quarter. 89.84% of the stock is currently owned by institutional investors.

Capital One Financial Company Profile

Capital One Financial Corporation is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company operates as a bank holding company through Capital One, N.A., providing financial products and services to consumers, small businesses and commercial customers.

Capital One is best known for its credit card business, which offers a range of consumer and business cards. Its other activities include consumer banking products such as checking and savings accounts, auto loans and retail banking services, as well as commercial banking services for businesses and institutions.

The company primarily serves customers in the United States through digital channels, branches and other distribution networks.

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