Capital One Financial (NYSE:COF) Price Target Raised to $276.00

Key Points

• The Goldman Sachs Group has raised its price target for Capital One Financial from $266.00 to $276.00, indicating a potential upside of 23.35% from the current price.
• Capital One's quarterly earnings report revealed a profit of $5.95 per share, significantly surpassing analysts' expectations of $4.25.
• Multiple analysts have rated Capital One with bullish outlooks, including three "Strong Buy" ratings and fifteen "Buy" ratings, contributing to a consensus target price of $258.79.

Capital One Financial (NYSE:COF) had its price target upped by stock analysts at The Goldman Sachs Group from $266.00 to $276.00 in a report released on Wednesday,MarketScreener reports. The brokerage currently has a "buy" rating on the financial services provider's stock. The Goldman Sachs Group's target price indicates a potential upside of 23.35% from the company's current price.

A number of other research analysts have also weighed in on COF. Citigroup raised their price target on shares of Capital One Financial from $250.00 to $275.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. TD Cowen raised their price target on shares of Capital One Financial from $258.00 to $261.00 and gave the company a "buy" rating in a research note on Monday, October 6th. JPMorgan Chase & Co. decreased their price target on shares of Capital One Financial from $248.00 to $235.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 7th. Redburn Atlantic upgraded shares of Capital One Financial to a "strong-buy" rating in a report on Friday, August 1st. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Capital One Financial in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $258.79.

Capital One Financial Price Performance

Shares of Capital One Financial stock traded up $6.71 during trading hours on Wednesday, reaching $223.76. The stock had a trading volume of 1,187,941 shares, compared to its average volume of 4,202,775. The stock's 50 day moving average is $219.16 and its 200 day moving average is $204.19. The firm has a market capitalization of $143.10 billion, a PE ratio of 114.75, a PEG ratio of 0.77 and a beta of 1.18. Capital One Financial has a twelve month low of $143.22 and a twelve month high of $232.45. 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 issued 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. The company had revenue of $15.36 billion during the quarter, compared to analysts' expectations of $15.06 billion. The company's quarterly revenue was up 53.4% compared to the same quarter last year. During the same period in the prior year, the business posted $4.51 earnings per share. Equities analysts expect that Capital One Financial will post 15.65 earnings per share for the current fiscal year.

Insider Activity at Capital One Financial

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total value of $423,980.00. Following the completion of the sale, the general counsel owned 98,486 shares in the company, 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 Securities & Exchange Commission, which is accessible through this link. Also, CAO Timothy P. Golden sold 207 shares of Capital One Financial stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total transaction of $44,589.87. Following the completion of the sale, the chief accounting officer owned 8,780 shares of the company's stock, valued at $1,891,299.80. This trade represents a 2.30% 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 worth $2,799,248. Insiders own 1.26% of the company's stock.

Hedge Funds Weigh In On Capital One Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. WPG Advisers LLC purchased a new position in Capital One Financial in the 1st quarter valued at approximately $25,000. Moisand Fitzgerald Tamayo LLC boosted its position in Capital One Financial by 103.3% in the 2nd quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider's stock valued at $26,000 after buying an additional 62 shares during the period. Olistico Wealth LLC boosted its position in Capital One Financial by 439.1% in the 2nd quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider's stock valued at $26,000 after buying an additional 101 shares during the period. Saudi Central Bank purchased a new position in Capital One Financial in the 1st quarter valued at approximately $27,000. Finally, RMG Wealth Management LLC purchased a new position in Capital One Financial in the 2nd quarter valued at approximately $27,000. Hedge funds and other institutional investors 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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