Capital One Financial (NYSE:COF) Price Target Raised to $262.00 at Wolfe Research

Key Points

• Wolfe Research has raised the price target for Capital One Financial (NYSE:COF) from $260.00 to $262.00, indicating a potential upside of 17.09% from its current stock price.
• Analysts have mixed ratings on the stock, with three analysts rating it as a Strong Buy, fifteen giving a Buy rating, and six assigning a Hold rating.
• Capital One Financial reported a 53.4% year-over-year increase in revenue, surpassing analyst estimates with earnings per share of $5.95 for the most recent quarter.

Capital One Financial (NYSE:COF) had its price objective lifted by research analysts at Wolfe Research from $260.00 to $262.00 in a research note issued on Wednesday,MarketScreener reports. The firm presently has an "outperform" rating on the financial services provider's stock. Wolfe Research's price target indicates a potential upside of 17.09% from the stock's current price.

Several other analysts have also recently weighed in on COF. JPMorgan Chase & Co. dropped their price target on Capital One Financial from $248.00 to $235.00 and set a "neutral" rating for the company in a report on Tuesday, October 7th. Wells Fargo & Company lifted their price target on Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Weiss Ratings reissued a "hold (c-)" rating on shares of Capital One Financial in a report on Wednesday, October 8th. Morgan Stanley lifted their price objective on Capital One Financial from $261.00 to $267.00 and gave the company an "overweight" rating in a report on Monday, September 29th. Finally, Truist Financial lifted their price objective on Capital One Financial from $260.00 to $270.00 and gave the company a "buy" rating in a report on Friday, September 12th. 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 company. According to MarketBeat, Capital One Financial has a consensus rating of "Moderate Buy" and an average price target of $258.79.

Capital One Financial Stock Performance

NYSE:COF traded up $6.71 during mid-day trading on Wednesday, hitting $223.76. 1,187,941 shares of the stock were exchanged, compared to its average volume of 4,202,775. The stock has a market capitalization of $143.10 billion, a price-to-earnings ratio of 114.75, a price-to-earnings-growth ratio of 0.77 and a beta of 1.18. The firm's 50-day simple moving average is $219.16 and its 200 day simple moving average is $204.19. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. Capital One Financial has a fifty-two week low of $143.22 and a fifty-two week 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, topping the consensus estimate of $4.25 by $1.70. The firm had revenue of $15.36 billion for the quarter, compared to analyst estimates of $15.06 billion. The business's revenue for the quarter was up 53.4% on a year-over-year basis. During the same period in the previous year, the business posted $4.51 earnings per share. As a group, equities analysts anticipate that Capital One Financial will post 15.65 EPS for the current fiscal year.

Insider Transactions at Capital One Financial

In other news, CAO Timothy P. Golden sold 3,462 shares of the business's stock in a transaction 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 of the company's stock, valued at approximately $1,889,786.36. The trade was a 27.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Zamsky sold 5,515 shares of the business's stock in a transaction 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 directly owned 27,364 shares of the company's stock, valued at $5,735,220.76. This trade represents a 16.77% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,184 shares of company stock valued at $2,799,248. Corporate insiders own 1.26% of the company's stock.

Hedge Funds Weigh In On Capital One Financial

A number of institutional investors have recently modified their holdings of COF. Earned Wealth Advisors LLC grew its position in Capital One Financial by 13.6% during the 3rd quarter. Earned Wealth Advisors LLC now owns 1,356 shares of the financial services provider's stock worth $288,000 after acquiring an additional 162 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its position in Capital One Financial by 3.4% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 17,641 shares of the financial services provider's stock worth $3,750,000 after acquiring an additional 585 shares during the last quarter. Saxony Capital Management LLC grew its position in Capital One Financial by 15.8% during the 3rd quarter. Saxony Capital Management LLC now owns 1,270 shares of the financial services provider's stock worth $270,000 after acquiring an additional 173 shares during the last quarter. Global Retirement Partners LLC grew its position in Capital One Financial by 7.9% during the 3rd quarter. Global Retirement Partners LLC now owns 11,413 shares of the financial services provider's stock worth $2,426,000 after acquiring an additional 832 shares during the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. grew its position in Capital One Financial by 7.8% during the 3rd quarter. Financiere des Professionnels Fonds d investissement inc. now owns 11,124 shares of the financial services provider's stock worth $2,365,000 after acquiring an additional 803 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company's stock.

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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