Morgan Stanley Boosts Capital One Financial (NYSE:COF) Price Target to $272.00

Key Points

• Morgan Stanley has raised its price target for Capital One Financial (NYSE: COF) from $267.00 to $272.00, indicating potential upside of 23.02% based on the current stock price.
• Several analysts are bullish on Capital One Financial, with ratings varying from "buy" to "strong buy," and a consensus price target of $259.16.
• Capital One Financial reported a significant jump in quarterly earnings, posting $5.95 earnings per share, exceeding expectations by $1.70 and achieving revenue of $15.36 billion.

Capital One Financial (NYSE:COF) had its target price boosted by investment analysts at Morgan Stanley from $267.00 to $272.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an "overweight" rating on the financial services provider's stock. Morgan Stanley's target price suggests a potential upside of 23.02% from the stock's current price.

Several other equities analysts have also recently weighed in on the stock. Wall Street Zen raised shares of Capital One Financial from a "hold" rating to a "buy" rating in a research note on Friday, September 26th. Keefe, Bruyette & Woods raised their target price on shares of Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. The Goldman Sachs Group raised their target price on shares of Capital One Financial from $266.00 to $276.00 and gave the company a "buy" rating in a research note on Wednesday. UBS Group decreased their target price on shares of Capital One Financial from $270.00 to $266.00 and set a "buy" rating for the company in a research note on Tuesday, October 7th. Finally, HSBC set a $218.00 price objective on shares of Capital One Financial and gave the stock a "hold" rating in a research report on Friday, October 10th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $259.16.

Capital One Financial Stock Up 1.9%

COF stock traded up $4.05 during mid-day trading on Wednesday, hitting $221.10. 4,651,992 shares of the company were exchanged, compared to its average volume of 4,223,470. 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 1-year low of $143.22 and a 1-year high of $232.45. The firm has a market cap of $141.39 billion, a P/E ratio of 113.26, a P/E/G ratio of 0.77 and a beta of 1.18. The firm's 50 day simple moving average is $219.16 and its 200 day simple moving average is $204.19.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $5.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.25 by $1.70. The business had revenue of $15.36 billion during the quarter, compared to analyst estimates of $15.06 billion. During the same quarter last year, the business earned $4.51 earnings per share. Capital One Financial's revenue for the quarter was up 53.4% on a year-over-year basis. On average, sell-side analysts predict that Capital One Financial will post 15.65 EPS for the current fiscal year.

Insider Activity

In other news, General Counsel Matthew W. Cooper sold 2,000 shares of the business's stock in a transaction dated Thursday, October 2nd. The shares were 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 owned 98,486 shares of the company's stock, valued at approximately $20,878,047.14. The trade was a 1.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael Zamsky sold 5,515 shares of the business's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $209.59, for a total transaction 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 approximately $5,735,220.76. The trade was a 16.77% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,184 shares of company stock valued at $2,799,248. 1.26% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. raised its stake in 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 purchasing an additional 9,374 shares in the last quarter. Plancorp LLC acquired a new position in Capital One Financial in the second quarter valued at about $272,000. Creative Financial Designs Inc. ADV raised its stake in 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 purchasing an additional 394 shares in the last quarter. Private Advisor Group LLC raised its stake in 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 purchasing an additional 1,312 shares in the last quarter. Finally, Mutual Advisors LLC acquired a new position in Capital One Financial in the first quarter valued at about $215,000. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.