Capital One Financial (NYSE:COF) Price Target Cut to $266.00 by Analysts at UBS Group

Key Points

• UBS Group has lowered the price target for Capital One Financial from $270.00 to $266.00, maintaining a "buy" rating which suggests a potential upside of 24.82% from the company's last close.
• Wells Fargo raised their price objective for Capital One to $265.00, joining several other analysts who recently adjusted their ratings, with a consensus rating of "Moderate Buy" and a price target of $250.44.
• Insider selling activity was reported, with General Counsel Matthew W. Cooper selling 2,000 shares at an average price of $211.99, indicating a trend of executive transactions in the company.

Capital One Financial (NYSE:COF) had its price target lowered by equities researchers at UBS Group from $270.00 to $266.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the financial services provider's stock. UBS Group's price target would indicate a potential upside of 24.82% from the company's previous close.

Other research analysts have also issued reports about the stock. Wells Fargo & Company lifted their price objective on shares of Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. The Goldman Sachs Group dropped their price target 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. Truist Financial increased their price objective on shares of Capital One Financial from $260.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. Keefe, Bruyette & Woods boosted their target price on Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. Finally, Wall Street Zen raised Capital One Financial from a "hold" rating to a "buy" rating in a research note on Friday, September 26th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $250.44.

Capital One Financial Price Performance

Capital One Financial stock traded down $0.74 during midday trading on Tuesday, reaching $213.11. 962,174 shares of the stock traded hands, compared to its average volume of 4,219,808. The stock has a market cap of $136.29 billion, a P/E ratio of 109.36, a PEG ratio of 0.79 and a beta of 1.18. The stock's fifty day moving average is $219.29 and its 200-day moving average is $201.62. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. Capital One Financial has a 12 month low of $143.22 and a 12 month high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to analysts' expectations of $12.72 billion. The company's revenue for the quarter was up 31.4% on a year-over-year basis. During the same quarter last year, the company earned $3.14 earnings per share. As a group, equities research analysts anticipate that Capital One Financial will post 15.65 EPS for the current year.

Insider Transactions at Capital One Financial

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 2,000 shares of the firm's stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total transaction of $423,980.00. Following the transaction, the general counsel owned 98,486 shares of the company's stock, valued at approximately $20,878,047.14. This trade represents a 1.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Robert M. Alexander sold 10,114 shares of the company's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the completion of the sale, the insider directly owned 68,707 shares of the company's stock, valued at $15,655,577.02. The trade was a 12.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,298 shares of company stock worth $5,103,824 over the last quarter. 1.26% of the stock is owned by corporate insiders.

Institutional Trading of Capital One Financial

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Assenagon Asset Management S.A. raised its position in shares of Capital One Financial by 64.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,269,420 shares of the financial services provider's stock worth $269,853,000 after acquiring an additional 496,139 shares in the last quarter. Oak Thistle LLC purchased a new stake in shares of Capital One Financial during the third quarter valued at about $4,277,000. Fragasso Financial Advisors Inc boosted its holdings in shares of Capital One Financial by 7.3% in the 3rd quarter. Fragasso Financial Advisors Inc now owns 1,015 shares of the financial services provider's stock valued at $218,000 after buying an additional 69 shares in the last quarter. TruWealth Advisors LLC grew its position in shares of Capital One Financial by 87.7% in the 3rd quarter. TruWealth Advisors LLC now owns 4,062 shares of the financial services provider's stock worth $863,000 after buying an additional 1,898 shares during the last quarter. Finally, New England Research & Management Inc. bought a new position in shares of Capital One Financial during the 3rd quarter worth approximately $1,472,000. Institutional investors 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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