Barclays Issues Positive Forecast for Capital One Financial (NYSE:COF) Stock Price

Key Points

• Barclays has raised its price target for Capital One Financial's stock from $257.00 to $271.00, indicating a potential upside of 24.71% from its current price, while maintaining an "overweight" rating.
• Analysts are generally optimistic about Capital One, with 3 rating it as a Strong Buy, 14 as Buy, and 6 as Hold, resulting in an average target price of $256.67.
• Capital One recently reported a quarterly EPS of $5.95, significantly beating expectations, and achieved a revenue of $15.36 billion, which is a 53.4% increase from the same quarter last year.

Capital One Financial (NYSE:COF) had its price target upped by equities researchers at Barclays from $257.00 to $271.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the financial services provider's stock. Barclays's price objective indicates a potential upside of 24.71% from the stock's current price.

Other research analysts have also issued reports about the stock. Wall Street Zen raised shares of Capital One Financial from a "hold" rating to a "buy" rating in a research note on Friday, September 26th. TD Cowen boosted their target price on shares of Capital One Financial from $258.00 to $261.00 and gave the company a "buy" rating in a research note on Monday, October 6th. Robert W. Baird boosted their target price on shares of Capital One Financial from $240.00 to $245.00 and gave the company an "outperform" rating in a research note on Thursday, October 2nd. BTIG Research reissued a "buy" rating and set a $264.00 target price on shares of Capital One Financial in a research note on Wednesday. Finally, The Goldman Sachs Group lowered their target price on shares of Capital One Financial from $276.00 to $266.00 and set a "buy" rating for the company in a research note on Friday, October 3rd. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $256.67.

Capital One Financial Stock Up 1.1%

NYSE COF opened at $217.31 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. The company has a fifty day moving average of $219.16 and a two-hundred day moving average of $204.19. The firm has a market capitalization of $138.97 billion, a price-to-earnings ratio of 111.44, a PEG ratio of 0.77 and a beta of 1.18. Capital One Financial has a 52 week low of $143.22 and a 52 week high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $5.95 EPS for the quarter, topping the consensus estimate of $4.25 by $1.70. The firm had revenue of $15.36 billion for the quarter, compared to analysts' expectations of $15.06 billion. The firm's quarterly revenue was up 53.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.51 earnings per share. On average, analysts predict that Capital One Financial will post 15.65 earnings per share for the current year.

Insider Buying and Selling

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of the company's stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total value of $423,980.00. Following the completion of the sale, the general counsel directly owned 98,486 shares of the company's stock, valued at $20,878,047.14. This represents a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Zamsky sold 5,515 shares of the company's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the completion of the sale, the insider directly owned 27,364 shares of the company's stock, valued at approximately $5,735,220.76. This trade represents a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,184 shares of company stock valued at $2,799,248 over the last three months. 1.26% of the stock is owned by company insiders.

Hedge Funds Weigh In On Capital One Financial

A number of large investors have recently added to or reduced their stakes in COF. Brighton Jones LLC raised its holdings in Capital One Financial by 330.1% in the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider's stock worth $2,423,000 after purchasing an additional 10,428 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Capital One Financial by 18.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 31,129 shares of the financial services provider's stock worth $5,582,000 after purchasing an additional 4,899 shares in the last quarter. PFG Investments LLC raised its holdings in Capital One Financial by 18.1% in the first quarter. PFG Investments LLC now owns 1,644 shares of the financial services provider's stock worth $295,000 after purchasing an additional 252 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Capital One Financial by 16.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 32,884 shares of the financial services provider's stock valued at $5,896,000 after acquiring an additional 4,577 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of Capital One Financial by 4.8% during the first quarter. Oppenheimer & Co. Inc. now owns 22,532 shares of the financial services provider's stock valued at $4,040,000 after acquiring an additional 1,025 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors.

About Capital One Financial

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.

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