Capital One Financial (NYSE:COF) Price Target Raised to $270.00 at Truist Financial

Key Points

• Truist Financial raised Capital One's price target to $270.00, indicating a potential upside of 20.80% from the previous close, while maintaining a "buy" rating.
• Other analysts also adjusted their target prices, with Barclays setting it at $253.00 and Citigroup at $275.00, reflecting a consensus rating of "Moderate Buy" for the stock.
• Capital One reported a significant quarterly earnings beat with $5.48 EPS, surpassing estimates and showcasing a 31.4% revenue increase compared to the same quarter last year.

Capital One Financial (NYSE:COF) had its price objective raised by Truist Financial from $260.00 to $270.00 in a report issued on Friday,Benzinga reports. The firm currently has a "buy" rating on the financial services provider's stock. Truist Financial's price target points to a potential upside of 20.80% from the company's previous close.

Several other research analysts also recently weighed in on COF. Barclays reiterated an "overweight" rating and set a $253.00 price target (up previously from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. Royal Bank Of Canada raised their target price on Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 23rd. Keefe, Bruyette & Woods raised their price target on Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. Citigroup raised their price target on Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Finally, TD Cowen raised Capital One Financial from a "hold" rating to a "buy" rating and raised their price target for the company from $184.00 to $258.00 in a report on Tuesday, July 8th. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Capital One Financial presently has a consensus rating of "Moderate Buy" and a consensus price target of $239.44.

Capital One Financial Stock Down 0.4%

Capital One Financial stock traded down $0.83 during trading on Friday, hitting $223.52. 1,215,547 shares of the company were exchanged, compared to its average volume of 4,298,162. The business's 50 day moving average is $217.84 and its 200 day moving average is $196.29. Capital One Financial has a 52 week low of $137.64 and a 52 week high of $232.45. The company has a market capitalization of $142.94 billion, a P/E ratio of 114.63, a PEG ratio of 0.87 and a beta of 1.17. 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 (NYSE:COF - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. The company's quarterly revenue was up 31.4% compared to the same quarter last year. During the same quarter last year, the company posted $3.14 EPS. Analysts predict that Capital One Financial will post 15.65 earnings per share for the current year.

Insider Buying and Selling

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the business's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $223.40, for a total value of $446,800.00. Following the completion of the transaction, the general counsel owned 100,486 shares in the company, valued at $22,448,572.40. The trade was a 1.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 value 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 $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 a total of 21,298 shares of company stock worth $4,679,844 over the last three months. 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. Kingstone Capital Partners Texas LLC grew its position in shares of Capital One Financial by 588,668.3% during the second quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider's stock worth $24,988,129,000 after purchasing an additional 117,427,549 shares in the last quarter. Vanguard Group Inc. boosted its stake in Capital One Financial by 74.8% during the second quarter. Vanguard Group Inc. now owns 56,380,913 shares of the financial services provider's stock valued at $11,995,603,000 after buying an additional 24,129,990 shares during the last quarter. State Street Corp boosted its stake in Capital One Financial by 63.4% during the second quarter. State Street Corp now owns 27,780,128 shares of the financial services provider's stock valued at $5,910,500,000 after buying an additional 10,776,843 shares during the last quarter. Geode Capital Management LLC boosted its stake in Capital One Financial by 64.1% during the second quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider's stock valued at $2,970,628,000 after buying an additional 5,474,328 shares during the last quarter. Finally, Norges Bank bought a new position in Capital One Financial during the second quarter valued at approximately $1,701,511,000. Hedge funds and other 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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