Capital One Financial (NYSE:COF) Given New $237.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has increased the price target for Capital One Financial from $235.00 to $237.00, indicating a potential upside of 6.89% from the stock's previous close.
• Several other brokerages have also raised their price targets significantly, with Citigroup setting a new target of $275.00 for Capital One Financial, showing strong confidence in its performance.
• Capital One Financial reported a remarkable 53.4% year-over-year growth in revenue, with earnings per share hitting $5.95, beating analyst expectations by $1.70.

Capital One Financial (NYSE:COF) had its target price lifted by investment analysts at JPMorgan Chase & Co. from $235.00 to $237.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a "neutral" rating on the financial services provider's stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 6.89% from the stock's previous close.

A number of other brokerages also recently weighed in on COF. Royal Bank Of Canada upped their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a report on Wednesday, July 23rd. Barclays upped their price target on shares of Capital One Financial from $257.00 to $271.00 and gave the company an "overweight" rating in a report on Wednesday. TD Cowen upped their price target on shares of Capital One Financial from $258.00 to $261.00 and gave the company a "buy" rating in a report on Monday, October 6th. Robert W. Baird boosted their price objective on Capital One Financial from $245.00 to $270.00 and gave the stock an "outperform" rating in a report on Wednesday. Finally, Citigroup boosted their price objective on Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Capital One Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of $258.89.

Capital One Financial Price Performance

COF stock traded up $4.68 during trading on Wednesday, hitting $221.73. The company had a trading volume of 3,954,046 shares, compared to its average volume of 4,219,646. Capital One Financial has a fifty-two week low of $143.22 and a fifty-two week high of $232.45. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $141.80 billion, a price-to-earnings ratio of 113.71, a P/E/G ratio of 0.77 and a beta of 1.18. The business has a 50 day moving average of $219.16 and a 200 day moving average of $204.19.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $5.95 earnings per share for the quarter, beating analysts' consensus estimates of $4.25 by $1.70. The business had revenue of $15.36 billion during the quarter, compared to analyst estimates of $15.06 billion. During the same period in the previous year, the company posted $4.51 earnings per share. Capital One Financial's revenue was up 53.4% compared to the same quarter last year. As a group, research analysts predict that Capital One Financial will post 15.65 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Michael Zamsky sold 5,515 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $209.59, for a total value of $1,155,888.85. Following the transaction, the insider owned 27,364 shares in the company, valued at approximately $5,735,220.76. This represents a 16.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $211.99, for a total value of $423,980.00. Following the completion of the transaction, the general counsel owned 98,486 shares in the company, valued at $20,878,047.14. This represents a 1.99% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,184 shares of company stock worth $2,799,248. Insiders own 1.26% of the company's stock.

Hedge Funds Weigh In On Capital One Financial

A number of hedge funds have recently added to or reduced their stakes in the company. CWA Asset Management Group LLC increased its holdings in Capital One Financial by 16.1% in the third quarter. CWA Asset Management Group LLC now owns 3,309 shares of the financial services provider's stock worth $703,000 after buying an additional 459 shares during the last quarter. OLD Second National Bank of Aurora increased its holdings in Capital One Financial by 7.6% in the third quarter. OLD Second National Bank of Aurora now owns 18,497 shares of the financial services provider's stock worth $3,932,000 after buying an additional 1,301 shares during the last quarter. Greenspring Advisors LLC acquired a new position in Capital One Financial in the third quarter worth approximately $429,000. City Holding Co. grew its holdings in Capital One Financial by 26.6% during the third quarter. City Holding Co. now owns 7,779 shares of the financial services provider's stock valued at $1,654,000 after purchasing an additional 1,633 shares during the last quarter. Finally, Motco grew its holdings in Capital One Financial by 220.2% during the third quarter. Motco now owns 381 shares of the financial services provider's stock valued at $81,000 after purchasing an additional 262 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company's stock.

Capital One Financial Company Profile

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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