Capital One Financial (NYSE:COF) Raised to Buy at Wall Street Zen

Key Points

• Capital One Financial has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, signaling increased confidence in the stock's performance.
• The company is performing well, with a recent earnings report revealing $5.48 EPS for the last quarter, significantly beating expectations and showing a 31.4% year-over-year revenue growth.
• Institutional ownership in Capital One has surged, with hedge funds and institutional investors now holding 89.84% of the company's shares, reflecting strong market interest.

Capital One Financial (NYSE:COF) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Friday.

Other equities research analysts have also recently issued research reports about the company. Redburn Atlantic raised Capital One Financial to a "strong-buy" rating in a research note on Friday, August 1st. Barclays restated an "overweight" rating and set a $253.00 target price (up from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. Rothschild & Co Redburn initiated coverage on Capital One Financial in a report on Friday, August 1st. They issued a "buy" rating and a $290.00 price objective for the company. JPMorgan Chase & Co. increased their target price on Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Finally, TD Cowen raised Capital One Financial from a "hold" rating to a "buy" rating and increased their target price for the stock from $184.00 to $258.00 in a research report on Tuesday, July 8th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $239.44.

Capital One Financial Trading Up 0.7%

Shares of Capital One Financial stock traded up $1.51 during trading on Friday, hitting $223.97. 2,402,494 shares of the company were exchanged, compared to its average volume of 2,839,651. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. The firm's fifty day moving average price is $219.28 and its 200 day moving average price is $199.35. Capital One Financial has a 1-year low of $143.22 and a 1-year high of $232.45. The firm has a market capitalization of $143.23 billion, a P/E ratio of 114.86, a price-to-earnings-growth ratio of 0.85 and a beta of 1.17.

Capital One Financial (NYSE:COF - Get Free Report) last released its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion during the quarter, compared to the consensus estimate of $12.72 billion. During the same quarter in the previous year, the firm posted $3.14 EPS. The company's revenue was up 31.4% on a year-over-year basis. As a group, sell-side analysts expect that Capital One Financial will post 15.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

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 shares were sold at an average price of $223.40, for a total transaction of $446,800.00. Following the sale, the general counsel directly owned 100,486 shares of the company's stock, valued at $22,448,572.40. The trade was a 1.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Timothy P. Golden sold 3,462 shares of the company's stock in a transaction dated 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. This trade represents a 27.81% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,298 shares of company stock valued at $4,679,844. Company insiders own 1.26% of the company's stock.

Institutional Trading of Capital One Financial

Several institutional investors and hedge funds have recently modified their holdings of the business. Kingstone Capital Partners Texas LLC grew its holdings in Capital One Financial by 588,668.3% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider's stock valued at $24,988,129,000 after purchasing an additional 117,427,549 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Capital One Financial by 74.8% in the second quarter. Vanguard Group Inc. now owns 56,380,913 shares of the financial services provider's stock worth $11,995,603,000 after buying an additional 24,129,990 shares during the period. State Street Corp boosted its holdings in shares of 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 worth $5,910,500,000 after purchasing an additional 10,776,843 shares during the period. Norges Bank acquired a new stake in Capital One Financial in the second quarter valued at approximately $1,701,511,000. Finally, Geode Capital Management LLC increased its position 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 worth $2,970,628,000 after acquiring an additional 5,474,328 shares during the period. 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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