Capital One Financial (NYSE:COF) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Key Points

• Capital One Financial has seen its price target raised by Robert W. Baird from $245 to $270, indicating a potential upside of 20.66% based on current stock prices.
• Other analysts, including Barclays and Truist Financial, have also increased their target prices, with the overall consensus target now at $258.79 and a Moderate Buy rating.
• In its recent earnings report, Capital One Financial posted $5.95 earnings per share, significantly exceeding analysts' expectations of $4.25.

Capital One Financial (NYSE:COF) had its price target increased by analysts at Robert W. Baird from $245.00 to $270.00 in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. The firm presently has an "outperform" rating on the financial services provider's stock. Robert W. Baird's target price would indicate a potential upside of 20.66% from the company's current price.

Other analysts have also issued reports about the stock. Redburn Atlantic upgraded shares of Capital One Financial to a "strong-buy" rating in a research note on Friday, August 1st. Barclays upped their target price on shares of Capital One Financial from $257.00 to $271.00 and gave the stock an "overweight" rating in a research note on Wednesday. Rothschild & Co Redburn initiated coverage on shares of Capital One Financial in a research note on Friday, August 1st. They set a "buy" rating and a $290.00 target price on the stock. Truist Financial upped their target price on shares of Capital One Financial from $260.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. Finally, Evercore ISI upped their target price on shares of Capital One Financial from $240.00 to $255.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 30th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Capital One Financial presently has an average rating of "Moderate Buy" and a consensus target price of $258.79.

Capital One Financial Trading Up 3.1%

NYSE:COF traded up $6.71 on Wednesday, reaching $223.76. 1,187,941 shares of the company's stock were exchanged, compared to its average volume of 4,202,775. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. The firm 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 business has a fifty day moving average of $219.16 and a 200-day moving average of $204.19. Capital One Financial has a 52-week low of $143.22 and a 52-week high of $232.45.

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 (EPS) for the quarter, topping analysts' consensus estimates of $4.25 by $1.70. The business had revenue of $15.36 billion for the quarter, compared to analysts' expectations of $15.06 billion. The firm's revenue for the quarter was up 53.4% on a year-over-year basis. During the same quarter last year, the company earned $4.51 earnings per share. As a group, analysts expect that Capital One Financial will post 15.65 earnings per share for the current year.

Insider Activity

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction that occurred on Thursday, October 2nd. The stock was 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 directly owned 98,486 shares of the company's stock, valued at approximately $20,878,047.14. This represents a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $1,155,888.85. Following the completion of the sale, the insider directly owned 27,364 shares of the company's stock, valued at $5,735,220.76. The trade was a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,184 shares of company stock valued at $2,799,248. 1.26% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Capital One Financial

Hedge funds have recently modified their holdings of the stock. WPG Advisers LLC acquired a new stake in shares of Capital One Financial during the first quarter worth $25,000. Moisand Fitzgerald Tamayo LLC lifted its holdings in Capital One Financial by 103.3% in the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 62 shares during the period. Olistico Wealth LLC lifted its holdings in Capital One Financial by 439.1% in the second quarter. Olistico Wealth LLC now owns 124 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 101 shares during the period. Saudi Central Bank acquired a new position in shares of Capital One Financial during the 1st quarter worth $27,000. Finally, RMG Wealth Management LLC acquired a new position in shares of Capital One Financial during the 2nd quarter worth $27,000. 89.84% of the stock is owned by institutional investors and hedge funds.

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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