TD Cowen Has Lowered Expectations for Capital One Financial (NYSE:COF) Stock Price

Key Points

• TD Cowen cut its Capital One Financial price target from $253 to $242 but maintained a “Buy” rating, implying roughly 22.8% upside from the stock’s $197.13 price.
• Analyst sentiment remains positive: 21 analysts rate COF a Buy and three rate it a Hold, producing a consensus “Moderate Buy” rating and an average price target of $257.77.
• Capital One reported quarterly earnings of $5.81 per share, beating estimates of $4.79, while revenue rose 26.9% year over year to $15.83 billion. Institutional investors own approximately 89.84% of the company.

Capital One Financial (NYSE:COF) had its price objective dropped by equities research analysts at TD Cowen from $253.00 to $242.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has a "buy" rating on the financial services provider's stock. TD Cowen's price objective indicates a potential upside of 22.76% from the stock's current price.

Several other analysts have also weighed in on COF. Citigroup cut their price objective on Capital One Financial from $295.00 to $280.00 and set a "buy" rating for the company in a report on Tuesday, September 29th. Barclays cut their price target on shares of Capital One Financial from $240.00 to $237.00 and set an "overweight" rating for the company in a report on Monday. BTIG Research increased their target price on shares of Capital One Financial from $224.00 to $259.00 and gave the company a "buy" rating in a research note on Tuesday, June 30th. JPMorgan Chase & Co. upped their price target on Capital One Financial from $215.00 to $245.00 and gave the company an "overweight" rating in a report on Monday, July 13th. Finally, Piper Sandler raised their price objective on Capital One Financial from $254.00 to $260.00 and gave the stock an "overweight" rating in a research note on Monday, September 28th. Twenty-one research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $257.77.

Capital One Financial Price Performance

COF traded up $1.99 on Tuesday, reaching $197.13. The company had a trading volume of 454,354 shares, compared to its average volume of 4,651,964. The company has a market capitalization of $120.94 billion, a P/E ratio of 12.19, a PEG ratio of 0.72 and a beta of 1.04. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39. The company has a fifty day moving average of $211.18 and a 200-day moving average of $199.30. Capital One Financial has a one year low of $174.24 and a one year high of $259.64.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, topping analysts' consensus estimates of $4.79 by $1.02. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The company had revenue of $15.83 billion during the quarter, compared to analyst estimates of $15.76 billion. During the same period in the prior year, the business posted $5.48 EPS. The business's revenue for the quarter was up 26.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Capital One Financial will post 20.32 earnings per share for the current year.

Insider Transactions at Capital One Financial

In other news, General Counsel Matthew W. Cooper sold 3,500 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $214.10, for a total value of $749,350.00. Following the completion of the sale, the general counsel owned 83,194 shares in the company, valued at $17,811,835.40. This represents a 4.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lia Dean sold 2,193 shares of the firm's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $225.52, for a total value of $494,565.36. Following the completion of the sale, the insider directly owned 63,261 shares of the company's stock, valued at approximately $14,266,620.72. This trade represents a 3.35% decrease in their position. 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 ninety days, insiders have sold 30,350 shares of company stock worth $6,480,382. 0.78% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Capital One Financial

Hedge funds have recently bought and sold shares of the business. State Street Corp lifted its position 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 in the last quarter. BlackRock Inc. lifted its position in Capital One Financial by 0.5% in 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 in the last quarter. Bank of America Corp DE acquired a new stake in shares of Capital One Financial during the 2nd quarter valued at $1,435,311,000. Wellington Management Group LLP boosted its stake in shares of Capital One Financial by 36.2% during 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 period. Finally, Bank of New York Mellon Corp grew its holdings in shares of Capital One Financial by 3.5% during 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 acquiring an additional 187,532 shares in the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.