Capital One Financial (NYSE:COF) Price Target Raised to $210.00 at Wells Fargo & Company

Capital One Financial (NYSE:COF) had its target price raised by equities researchers at Wells Fargo & Company from $185.00 to $210.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 16.39% from the company’s previous close.

Several other brokerages have also recently weighed in on COF. Robert W. Baird boosted their price objective on shares of Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Evercore ISI increased their price target on Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Royal Bank of Canada lifted their price objective on Capital One Financial from $150.00 to $160.00 and gave the stock a “sector perform” rating in a research note on Friday, October 25th. Bank of America downgraded shares of Capital One Financial from a “buy” rating to a “neutral” rating and decreased their target price for the company from $203.00 to $200.00 in a research report on Monday, December 9th. Finally, JPMorgan Chase & Co. upped their price target on shares of Capital One Financial from $162.00 to $186.00 and gave the company a “neutral” rating in a research report on Monday, December 9th. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $174.31.

Capital One Financial Price Performance

Capital One Financial stock opened at $180.43 on Friday. The stock has a 50-day moving average price of $181.32 and a two-hundred day moving average price of $157.09. Capital One Financial has a 12 month low of $123.23 and a 12 month high of $198.30. The company has a market capitalization of $68.84 billion, a PE ratio of 17.04, a P/E/G ratio of 1.36 and a beta of 1.46. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.78.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.70 by $0.81. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The business had revenue of $10 billion during the quarter, compared to analyst estimates of $9.88 billion. During the same quarter last year, the business earned $4.45 EPS. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. Analysts expect that Capital One Financial will post 13.54 EPS for the current year.

Insider Buying and Selling at Capital One Financial

In other news, insider Michael Zamsky sold 10,541 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total value of $2,005,530.66. Following the transaction, the insider now owns 26,482 shares in the company, valued at $5,038,465.32. This trade represents a 28.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kara West sold 721 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $184.73, for a total value of $133,190.33. Following the sale, the insider now owns 12,929 shares of the company’s stock, valued at $2,388,374.17. This trade represents a 5.28 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,007 shares of company stock worth $4,982,647. Insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. FMR LLC increased its stake in Capital One Financial by 21.4% in the 3rd quarter. FMR LLC now owns 6,640,951 shares of the financial services provider’s stock valued at $994,350,000 after buying an additional 1,169,395 shares during the last quarter. Eminence Capital LP purchased a new stake in shares of Capital One Financial during the second quarter valued at approximately $127,465,000. Wellington Management Group LLP lifted its holdings in Capital One Financial by 268.7% during the third quarter. Wellington Management Group LLP now owns 975,439 shares of the financial services provider’s stock worth $146,052,000 after acquiring an additional 710,881 shares during the period. Southpoint Capital Advisors LP purchased a new position in Capital One Financial in the third quarter worth $104,811,000. Finally, Assenagon Asset Management S.A. grew its stake in Capital One Financial by 1,518.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 412,355 shares of the financial services provider’s stock valued at $61,742,000 after purchasing an additional 386,870 shares during the period. 89.84% of the stock is owned by institutional investors.

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.