Capital One Financial (NYSE:COF) Given New $265.00 Price Target at Wells Fargo & Company

Key Points

• Wells Fargo & Company raised its price target for Capital One Financial (NYSE:COF) from $225.00 to $265.00, indicating a potential upside of 25.99% from its current price.
• The financial services provider reported $5.48 earnings per share (EPS) for the last quarter, significantly exceeding the consensus estimate of $1.93, showing a year-over-year revenue increase of 31.4%.
• Most analysts maintain a positive outlook on COF, with thirteen issuing buy ratings and a current average target price of $233.07.
• Investment in Capital One by institutional investors remains strong, with 89.84% of the company's stock held by these entities.

Capital One Financial (NYSE:COF) had its price target hoisted by equities researchers at Wells Fargo & Company from $225.00 to $265.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the financial services provider's stock. Wells Fargo & Company's price objective would suggest a potential upside of 24.64% from the stock's previous close.

Several other brokerages also recently commented on COF. Keefe, Bruyette & Woods increased their price objective on Capital One Financial from $248.00 to $260.00 and gave the stock an "outperform" rating in a research note on Wednesday. Barclays restated an "overweight" rating and set a $253.00 price objective (up from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. Wall Street Zen upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Royal Bank Of Canada raised their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a research report on Wednesday. Finally, Bank of America upped their price objective on shares of Capital One Financial from $223.00 to $233.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $233.07.

Capital One Financial Trading Up 0.6%

Shares of Capital One Financial stock traded up $1.28 on Friday, hitting $212.61. 4,501,689 shares of the company's stock traded hands, compared to its average volume of 3,771,397. The company has a fifty day moving average of $204.67 and a two-hundred day moving average of $191.55. Capital One Financial has a one year low of $128.23 and a one year high of $232.45. The company has a market capitalization of $81.46 billion, a price-to-earnings ratio of 109.03, a price-to-earnings-growth ratio of 0.86 and a beta of 1.15. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 0.97.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, beating the consensus estimate of $1.93 by $3.55. The company had revenue of $12.49 billion during the quarter, compared to the consensus estimate of $12.72 billion. During the same period last year, the firm posted $3.14 earnings per share. The company's revenue for the quarter 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 year.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 9,560 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $199.40, for a total value of $1,906,264.00. Following the sale, the insider owned 20,089 shares in the company, valued at $4,005,746.60. This trade represents a 32.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ann F. Hackett sold 1,658 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $198.70, for a total transaction of $329,444.60. Following the sale, the director directly owned 56,244 shares of the company's stock, valued at $11,175,682.80. This represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,332 shares of company stock worth $4,540,285. 1.26% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Brighton Jones LLC lifted its stake in Capital One Financial by 330.1% in the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider's stock worth $2,423,000 after acquiring an additional 10,428 shares during the period. Murphy & Mullick Capital Management Corp bought a new stake in shares of Capital One Financial in the 4th quarter valued at about $41,000. Korea Investment CORP lifted its position in shares of Capital One Financial by 42.2% in the 4th quarter. Korea Investment CORP now owns 365,629 shares of the financial services provider's stock worth $65,199,000 after purchasing an additional 108,582 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Capital One Financial by 8.6% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 608,295 shares of the financial services provider's stock valued at $109,755,000 after purchasing an additional 48,248 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new position in Capital One Financial during the fourth quarter valued at approximately $296,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

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.