The Goldman Sachs Group Cuts Capital One Financial (NYSE:COF) Price Target to $266.00

Key Points

• The Goldman Sachs Group has lowered its target price for Capital One Financial (NYSE:COF) from $276.00 to $266.00 while maintaining a "buy" rating, suggesting a potential upside of 23.92% from its previous closing price.
• Multiple other analysts have recently adjusted their target prices for Capital One, with Citigroup raising its target to $275.00 and Wells Fargo increasing it to $265.00.
• In the most recent quarter, Capital One reported an earnings per share (EPS) of $5.48, significantly beating the consensus estimate of $1.93, alongside a revenue of $12.49 billion.

Capital One Financial (NYSE:COF) had its target price cut by analysts at The Goldman Sachs Group from $276.00 to $266.00 in a research note issued to investors on Friday,MarketScreener reports. The firm presently has a "buy" rating on the financial services provider's stock. The Goldman Sachs Group's target price would suggest a potential upside of 23.92% from the company's previous close.

COF has been the subject of a number of other reports. Citigroup boosted 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. JPMorgan Chase & Co. raised their target price on shares of Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Robert W. Baird lifted their price target on shares of Capital One Financial from $240.00 to $245.00 and gave the stock an "outperform" rating in a report on Thursday. Wells Fargo & Company increased their price objective on Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Finally, TD Cowen upgraded Capital One Financial from a "hold" rating to a "buy" rating and boosted their target price for the stock from $184.00 to $258.00 in a research note on Tuesday, July 8th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $249.06.

Capital One Financial Price Performance

NYSE COF opened at $214.66 on Friday. The company has a market cap of $137.28 billion, a PE ratio of 109.51, a P/E/G ratio of 0.81 and a beta of 1.18. Capital One Financial has a 52-week low of $143.22 and a 52-week high of $232.45. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. The firm's 50 day moving average price is $219.26 and its 200-day moving average price is $200.65.

Capital One Financial (NYSE:COF - Get Free Report) last announced its 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 for the quarter, compared to the consensus estimate of $12.72 billion. During the same period last year, the business posted $3.14 EPS. The firm's revenue was up 31.4% compared to the same quarter last year. Sell-side analysts forecast that Capital One Financial will post 15.65 EPS for the current fiscal year.

Insider Transactions at Capital One Financial

In other Capital One Financial news, CAO Timothy P. Golden sold 3,462 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total transaction of $727,989.36. Following the completion of the transaction, the chief accounting officer directly owned 8,987 shares of the company's stock, valued at approximately $1,889,786.36. This trade represents a 27.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $223.40, for a total transaction of $446,800.00. Following the completion of the sale, the general counsel owned 100,486 shares in the company, valued at $22,448,572.40. The trade was a 1.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,298 shares of company stock valued at $4,679,844 over the last three months. Company insiders own 1.26% of the company's stock.

Institutional Trading of Capital One Financial

Hedge funds have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Capital One Financial by 18.6% during the 1st 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 stake in shares of Capital One Financial during the 2nd quarter valued at about $272,000. Creative Financial Designs Inc. ADV increased its stake in shares of Capital One Financial by 105.3% in the 1st 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 holdings in Capital One Financial by 15.3% in the 1st quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider's stock worth $1,776,000 after purchasing an additional 1,312 shares during the period. Finally, Mutual Advisors LLC purchased a new position in shares of Capital One Financial during the 1st quarter valued at approximately $215,000. 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.

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