Capital One Financial (NYSE:COF) Price Target Raised to $200.00 at Royal Bank of Canada

Capital One Financial (NYSE:COF) had its target price boosted by stock analysts at Royal Bank of Canada from $190.00 to $200.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “sector perform” rating on the financial services provider’s stock. Royal Bank of Canada’s price target indicates a potential downside of 2.03% from the stock’s previous close.

A number of other brokerages have also commented on COF. UBS Group upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $168.00 to $235.00 in a report on Monday, January 13th. Truist Financial initiated coverage on Capital One Financial in a research report on Tuesday, January 7th. They issued a “buy” rating and a $229.00 target price on the stock. Wells Fargo & Company raised their price target on shares of Capital One Financial from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. Barclays lifted their target price on Capital One Financial from $219.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. raised their target price on shares of Capital One Financial from $162.00 to $186.00 and gave the stock a “neutral” rating in a report on Monday, December 9th. Ten research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $190.47.

Capital One Financial Trading Up 1.6 %

Shares of COF opened at $204.14 on Wednesday. Capital One Financial has a twelve month low of $128.23 and a twelve month high of $207.24. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $77.82 billion, a P/E ratio of 17.61, a PEG ratio of 1.24 and a beta of 1.46. The firm’s 50-day moving average is $184.29 and its two-hundred day moving average is $161.66.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.50%. The firm had revenue of $10.19 billion during the quarter, compared to the consensus estimate of $10,220,675.12 billion. During the same quarter in the previous year, the company posted $2.81 EPS. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, research analysts predict that Capital One Financial will post 15.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Capital One Financial news, insider Kara West sold 721 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $184.73, for a total value of $133,190.33. Following the transaction, the insider now owns 12,929 shares of the company’s stock, valued at approximately $2,388,374.17. This represents a 5.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michael Zamsky sold 10,541 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $5,038,465.32. The trade was a 28.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,256 shares of company stock valued at $2,462,487 in the last 90 days. 1.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Capital One Financial

Several hedge funds have recently bought and sold shares of the company. State Street Corp grew its holdings in shares of Capital One Financial by 0.5% in the 3rd quarter. State Street Corp now owns 16,506,861 shares of the financial services provider’s stock valued at $2,471,572,000 after buying an additional 74,784 shares during the period. Franklin Resources Inc. lifted its holdings in Capital One Financial by 2.8% during the third quarter. Franklin Resources Inc. now owns 10,387,265 shares of the financial services provider’s stock worth $1,649,488,000 after acquiring an additional 280,462 shares in the last quarter. Fisher Asset Management LLC grew its stake in Capital One Financial by 0.7% in the third quarter. Fisher Asset Management LLC now owns 9,694,297 shares of the financial services provider’s stock valued at $1,451,527,000 after acquiring an additional 72,097 shares during the period. Geode Capital Management LLC increased its holdings in shares of Capital One Financial by 2.0% in the third quarter. Geode Capital Management LLC now owns 8,020,160 shares of the financial services provider’s stock worth $1,198,664,000 after acquiring an additional 159,616 shares in the last quarter. Finally, FMR LLC raised its position in shares of Capital One Financial by 21.4% during the third quarter. FMR LLC now owns 6,640,951 shares of the financial services provider’s stock worth $994,350,000 after purchasing an additional 1,169,395 shares during the period. 89.84% of the stock is currently owned by institutional investors and hedge funds.

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.