JPMorgan Chase & Co. Issues Pessimistic Forecast for Capital One Financial (NYSE:COF) Stock Price

Key Points

• JPMorgan Chase & Co. has reduced its target price for Capital One Financial (NYSE:COF) from $248.00 to $235.00 while maintaining a "neutral" rating on the stock.
• Several other analysts also adjusted their price targets for Capital One, with Barclays setting it at $257.00 and Citigroup at $275.00, reflecting varying levels of confidence among different institutions.
• Capital One recently reported a significant earnings beat with $5.48 EPS for the quarter, far exceeding the consensus estimate of $1.93, although its revenue fell short of expectations at $12.49 billion.

Capital One Financial (NYSE:COF) had its target price lowered by research analysts at JPMorgan Chase & Co. from $248.00 to $235.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a "neutral" rating on the financial services provider's stock. JPMorgan Chase & Co.'s target price would suggest a potential upside of 9.93% from the stock's previous close.

COF has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft increased their price target on Capital One Financial from $215.00 to $224.00 and gave the stock a "hold" rating in a report on Thursday, October 2nd. Royal Bank Of Canada increased their target price 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, July 23rd. Citigroup upped their target price on shares of Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Barclays boosted their target price on Capital One Financial from $253.00 to $257.00 and gave the stock an "overweight" rating in a research report on Monday. Finally, Rothschild & Co Redburn began coverage on shares of Capital One Financial in a report on Friday, August 1st. They set a "buy" rating and a $290.00 price target for the company. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $248.72.

Capital One Financial Stock Down 0.3%

Shares of COF opened at $213.78 on Tuesday. The firm has a market cap of $136.72 billion, a P/E ratio of 109.63, a price-to-earnings-growth ratio of 0.79 and a beta of 1.18. The firm's 50-day simple moving average is $219.29 and its 200 day simple moving average is $201.62. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. 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, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) 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. The company's quarterly revenue was up 31.4% on a year-over-year basis. During the same quarter last year, the firm posted $3.14 earnings per share. On average, analysts forecast that Capital One Financial will post 15.65 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Robert M. Alexander sold 10,114 shares of the business's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total value of $2,304,576.04. Following the transaction, the insider directly owned 68,707 shares in the company, valued at $15,655,577.02. The trade was a 12.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Zamsky sold 5,515 shares of the business's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the completion of the transaction, the insider directly owned 27,364 shares in the company, valued at $5,735,220.76. This trade represents a 16.77% decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,298 shares of company stock valued at $5,103,824 in the last 90 days. Corporate insiders own 1.26% of the company's stock.

Institutional Investors Weigh In On Capital One Financial

Several large investors have recently bought and sold shares of the business. Eagle Bay Advisors LLC boosted its holdings in Capital One Financial by 3.6% during the second quarter. Eagle Bay Advisors LLC now owns 1,407 shares of the financial services provider's stock worth $299,000 after buying an additional 49 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. increased its stake in shares of Capital One Financial by 0.3% in the 2nd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 16,603 shares of the financial services provider's stock valued at $3,532,000 after purchasing an additional 50 shares in the last quarter. Atlantic Edge Private Wealth Management LLC raised its holdings in Capital One Financial by 66.7% in the 2nd quarter. Atlantic Edge Private Wealth Management LLC now owns 125 shares of the financial services provider's stock worth $27,000 after purchasing an additional 50 shares during the period. Culbertson A N & Co. Inc. boosted its position in Capital One Financial by 0.4% during the second quarter. Culbertson A N & Co. Inc. now owns 11,365 shares of the financial services provider's stock worth $2,418,000 after purchasing an additional 50 shares in the last quarter. Finally, TFB Advisors LLC increased its position in shares of Capital One Financial by 3.4% in the first quarter. TFB Advisors LLC now owns 1,539 shares of the financial services provider's stock valued at $276,000 after buying an additional 51 shares in the last quarter. 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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