Capital One Financial (NYSE:COF) Price Target Raised to $233.00 at Bank of America

Capital One Financial (NYSE:COF) had its price objective boosted by Bank of America from $223.00 to $233.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the financial services provider's stock. Bank of America's target price would suggest a potential upside of 20.81% from the company's current price.

Other equities analysts also recently issued research reports about the stock. Citigroup decreased their price objective on shares of Capital One Financial from $245.00 to $230.00 and set a "buy" rating for the company in a report on Monday, March 24th. Barclays boosted their price objective on shares of Capital One Financial from $219.00 to $220.00 and gave the company an "overweight" rating in a research report on Wednesday, January 22nd. Evercore ISI raised shares of Capital One Financial from an "in-line" rating to an "outperform" rating and set a $200.00 target price on the stock in a report on Wednesday, March 12th. Argus upgraded Capital One Financial to a "strong-buy" rating in a research note on Thursday, January 23rd. Finally, Baird R W upgraded Capital One Financial from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 11th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Capital One Financial currently has a consensus rating of "Moderate Buy" and an average target price of $207.60.

Capital One Financial Stock Down 1.6%

Shares of COF stock traded down $3.09 during trading hours on Wednesday, hitting $192.86. 720,291 shares of the company were exchanged, compared to its average volume of 4,705,677. The stock has a market capitalization of $73.89 billion, a price-to-earnings ratio of 16.63, a P/E/G ratio of 1.19 and a beta of 1.13. Capital One Financial has a one year low of $128.23 and a one year high of $210.67. The business's 50-day simple moving average is $176.82 and its two-hundred day simple moving average is $184.25. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98.

Capital One Financial (NYSE:COF - Get Free Report) last released its earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 EPS for the quarter, topping analysts' consensus estimates of $3.75 by $0.31. The company had revenue of $10 billion for the quarter, compared to the consensus estimate of $10.07 billion. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. Sell-side analysts predict that Capital One Financial will post 15.65 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Michael Zamsky sold 9,560 shares of Capital One Financial stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $199.40, for a total value of $1,906,264.00. Following the transaction, the insider now owns 20,089 shares of the company's stock, valued at $4,005,746.60. The trade was a 32.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Ann F. Hackett sold 1,658 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $198.70, for a total transaction of $329,444.60. Following the completion of the sale, the director now owns 56,244 shares in the company, valued at $11,175,682.80. The trade was a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by insiders.

Institutional Trading of Capital One Financial

Large investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Capital One Financial during the 4th quarter valued at $590,279,000. Lone Pine Capital LLC acquired a new stake in shares of Capital One Financial during the fourth quarter worth $577,012,000. Diamond Hill Capital Management Inc. purchased a new stake in shares of Capital One Financial during the first quarter valued at $381,848,000. Egerton Capital UK LLP acquired a new position in shares of Capital One Financial in the 4th quarter valued at $279,159,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Capital One Financial by 45.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,677,128 shares of the financial services provider's stock worth $838,609,000 after purchasing an additional 1,454,595 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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