Robert W. Baird Issues Positive Forecast for Capital One Financial (NYSE:COF) Stock Price

Key Points

• Robert W. Baird has increased its price target for Capital One Financial (NYSE:COF) from $240 to $245, suggesting a potential upside of 15.02% from the current stock price.
• Several other brokerages have also raised their price targets for COF, with Citigroup setting the highest target at $275 and maintaining a "buy" rating.
• Insider trading activity has been noted, with significant sales of shares by executives, which may indicate shifts in confidence among company insiders.

Capital One Financial (NYSE:COF) had its price objective lifted by research analysts at Robert W. Baird from $240.00 to $245.00 in a research report issued on Thursday,MarketScreener reports. The brokerage currently has an "outperform" rating on the financial services provider's stock. Robert W. Baird's price objective would indicate a potential upside of 15.02% from the company's current price.

A number of other brokerages also recently issued reports on COF. Wells Fargo & Company lifted their price target on Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Redburn Atlantic raised shares of Capital One Financial to a "strong-buy" rating in a research note on Friday, August 1st. Morgan Stanley raised their price objective on shares of Capital One Financial from $261.00 to $267.00 and gave the company an "overweight" rating in a research report on Monday. 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 research report on Thursday, July 24th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Capital One Financial from $215.00 to $224.00 and gave the company a "hold" rating in a research report on Thursday. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $245.67.

Capital One Financial Stock Down 0.2%

COF opened at $213.01 on Thursday. Capital One Financial has a 12 month low of $143.22 and a 12 month high of $232.45. The company has a market cap of $136.22 billion, a PE ratio of 109.32, a price-to-earnings-growth ratio of 0.81 and a beta of 1.18. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. The company has a 50 day moving average of $219.22 and a 200 day moving average of $200.32.

Capital One Financial (NYSE:COF - Get Free Report) last announced 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 analysts' expectations of $12.72 billion. During the same quarter last year, the firm posted $3.14 earnings per share. Capital One Financial's revenue for the quarter was up 31.4% compared to the same quarter last year. On average, sell-side analysts expect that Capital One Financial will post 15.65 EPS for the current year.

Insider Buying and Selling

In related news, CAO Timothy P. Golden sold 207 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total transaction of $44,589.87. Following the completion of the transaction, the chief accounting officer owned 8,780 shares of the company's stock, valued at $1,891,299.80. This trade represents a 2.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert M. Alexander sold 10,114 shares of the stock in a transaction on 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 completion of the sale, the insider directly owned 68,707 shares in the company, valued at approximately $15,655,577.02. This represents a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,298 shares of company stock worth $4,679,844. 1.26% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of COF. Kingstone Capital Partners Texas LLC grew its stake in shares of Capital One Financial by 588,668.3% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider's stock valued at $24,988,129,000 after purchasing an additional 117,427,549 shares during the period. Vanguard Group Inc. lifted its position in shares of Capital One Financial by 74.8% in the second quarter. Vanguard Group Inc. now owns 56,380,913 shares of the financial services provider's stock worth $11,995,603,000 after buying an additional 24,129,990 shares in the last quarter. State Street Corp lifted its position in Capital One Financial by 63.4% during the second quarter. State Street Corp now owns 27,780,128 shares of the financial services provider's stock valued at $5,910,500,000 after purchasing an additional 10,776,843 shares during the last quarter. Norges Bank purchased a new stake in Capital One Financial during the 2nd quarter valued at $1,701,511,000. Finally, Geode Capital Management LLC grew its holdings in Capital One Financial by 64.1% during the 2nd quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider's stock valued at $2,970,628,000 after purchasing an additional 5,474,328 shares during the last quarter. Hedge funds and other 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.

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.