Capital One Financial (NYSE:COF) Price Target Raised to $234.00

Key Points

• HSBC Analysts have raised Capital One Financial's price target from $218.00 to $234.00, maintaining a "hold" rating which indicates a potential upside of 5.84% based on current prices.
• Other firms, including JPMorgan and Barclays, have also increased their price targets for Capital One, suggesting a generally positive sentiment among analysts.
• Capital One Financial reported earnings of $5.95 per share for the latest quarter, significantly surpassing analyst expectations and reflecting a year-over-year revenue increase of 53.4%.

Capital One Financial (NYSE:COF) had its price target upped by analysts at HSBC from $218.00 to $234.00 in a note issued to investors on Thursday,MarketScreener reports. The firm presently has a "hold" rating on the financial services provider's stock. HSBC's price objective suggests a potential upside of 5.84% from the stock's current price.

A number of other research analysts also recently issued reports on COF. JPMorgan Chase & Co. upped their price objective on Capital One Financial from $235.00 to $237.00 and gave the company a "neutral" rating in a research note on Wednesday. Barclays boosted their target price on shares of Capital One Financial from $257.00 to $271.00 and gave the company an "overweight" rating in a research note on Wednesday. Truist Financial boosted their target price on shares of Capital One Financial from $260.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, September 12th. Wolfe Research boosted their target price on shares of Capital One Financial from $260.00 to $262.00 and gave the company an "outperform" rating in a research note on Wednesday. Finally, Redburn Atlantic upgraded shares of Capital One Financial to a "strong-buy" rating in a research note on Friday, August 1st. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Capital One Financial presently has a consensus rating of "Moderate Buy" and a consensus price target of $260.00.

Capital One Financial Stock Performance

Shares of COF stock opened at $221.09 on Thursday. The firm has a market capitalization of $141.39 billion, a PE ratio of 93.28, a price-to-earnings-growth ratio of 0.78 and a beta of 1.18. The firm has a fifty day simple moving average of $219.21 and a two-hundred day simple moving average of $204.30. The company has a current ratio of 1.02, a quick 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 released 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. Capital One Financial had a net margin of 2.24% and a return on equity of 12.18%. The company had revenue of $15.36 billion for the quarter, compared to analyst estimates of $15.06 billion. During the same period last year, the firm earned $4.51 earnings per share. The firm's revenue was up 53.4% on a year-over-year basis. Analysts forecast that Capital One Financial will post 15.65 EPS for the current fiscal year.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 5,515 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the transaction, the insider directly owned 27,364 shares in the company, valued at $5,735,220.76. This trade represents a 16.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Timothy P. Golden sold 3,462 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total transaction of $727,989.36. Following the completion of the transaction, the chief accounting officer owned 8,987 shares in the company, valued at $1,889,786.36. This represents a 27.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,184 shares of company stock worth $2,799,248 over the last ninety days. Insiders own 1.26% of the company's stock.

Institutional Investors Weigh In On Capital One Financial

Large investors have recently bought and sold shares of the business. WPG Advisers LLC bought a new stake in Capital One Financial in the 1st quarter worth about $25,000. Moisand Fitzgerald Tamayo LLC grew its stake in shares of Capital One Financial by 103.3% during the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 62 shares during the period. Olistico Wealth LLC grew its stake in shares of Capital One Financial by 439.1% during the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 101 shares during the period. Saudi Central Bank bought a new stake in shares of Capital One Financial during the 1st quarter valued at about $27,000. Finally, RMG Wealth Management LLC bought a new stake in shares of Capital One Financial during the 2nd quarter valued at about $27,000. 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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