Capital One Financial (NYSE:COF) Upgraded by Redburn Atlantic to Strong-Buy Rating

Key Points

• Capital One Financial has been upgraded to a "strong-buy" rating by Redburn Atlantic, reflecting positive sentiment from multiple research analysts.
• Analysts have varied target prices for Capital One, with significant increases, such as Barclays raising it to $253, indicating a robust outlook for the company's stock.
• Insider trading activity shows directors selling shares, but 89.84% of the stock remains owned by institutional investors, demonstrating strong institutional interest.

Capital One Financial (NYSE:COF) was upgraded by equities research analysts at Redburn Atlantic to a "strong-buy" rating in a research report issued on Friday,Zacks.com reports.

COF has been the subject of several other reports. Wall Street Zen raised Capital One Financial from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Rothschild & Co Redburn initiated coverage on Capital One Financial in a research report on Friday. They issued a "buy" rating and a $290.00 target price for the company. Barclays reaffirmed an "overweight" rating and issued a $253.00 target price (up from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. TD Cowen raised Capital One Financial from a "hold" rating to a "buy" rating and lifted their target price for the company from $184.00 to $258.00 in a research report on Tuesday, July 8th. Finally, Wells Fargo & Company lifted their price objective on Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $238.81.

Capital One Financial Stock Performance

NYSE COF opened at $207.47 on Friday. The company has a market cap of $79.49 billion, a P/E ratio of 106.40, a P/E/G ratio of 0.85 and a beta of 1.16. 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 stock has a 50-day moving average of $206.91 and a two-hundred day moving average of $192.61. Capital One Financial has a 1-year low of $128.23 and a 1-year high of $232.45.

Capital One Financial (NYSE:COF - Get Free Report) last released its 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 firm had revenue of $12.49 billion during the quarter, compared to analyst estimates of $12.72 billion. The business's revenue was up 31.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.14 earnings per share. As a group, analysts anticipate that Capital One Financial will post 15.65 EPS for the current year.

Insider Activity at Capital One Financial

In related news, Director Ann F. Hackett sold 1,658 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $198.70, for a total value of $329,444.60. Following the completion of the transaction, 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael Zamsky sold 9,560 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $199.40, for a total value of $1,906,264.00. Following the completion of the transaction, the insider directly owned 20,089 shares of the company's stock, valued at $4,005,746.60. This trade represents a 32.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,332 shares of company stock valued at $4,540,285 over the last three months. 1.26% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Capital One Financial

Large investors have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Capital One Financial by 18.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider's stock valued at $10,010,000 after acquiring an additional 9,374 shares during the period. Creative Financial Designs Inc. ADV boosted its holdings in shares of Capital One Financial by 105.3% in the first quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider's stock valued at $138,000 after acquiring an additional 394 shares during the period. Private Advisor Group LLC boosted its holdings in shares of Capital One Financial by 15.3% in the first quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider's stock valued at $1,776,000 after acquiring an additional 1,312 shares during the period. Mutual Advisors LLC acquired a new stake in shares of Capital One Financial in the first quarter valued at approximately $215,000. Finally, Lansforsakringar Fondforvaltning AB publ acquired a new stake in shares of Capital One Financial in the fourth quarter valued at approximately $91,780,000. 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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