BTIG Research Forecasts Strong Price Appreciation for Capital One Financial (NYSE:COF) Stock

Capital One Financial (NYSE:COF) had its target price boosted by BTIG Research from $264.00 to $308.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. BTIG Research’s price target indicates a potential upside of 24.08% from the stock’s current price.

COF has been the subject of a number of other reports. Zacks Research downgraded Capital One Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. The Goldman Sachs Group upped their price objective on Capital One Financial from $266.00 to $276.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Cowen reissued a “buy” rating on shares of Capital One Financial in a report on Wednesday, November 26th. Jefferies Financial Group upped their price target on Capital One Financial from $265.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. Finally, Wall Street Zen upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $267.45.

Capital One Financial Trading Down 0.0%

Capital One Financial stock traded down $0.04 during trading hours on Friday, reaching $248.23. 491,419 shares of the company’s stock traded hands, compared to its average volume of 4,118,069. The firm’s 50 day moving average is $223.90 and its 200-day moving average is $218.15. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $157.81 billion, a price-to-earnings ratio of 104.77, a PEG ratio of 0.57 and a beta of 1.16. Capital One Financial has a fifty-two week low of $143.22 and a fifty-two week high of $249.65.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Monday, November 3rd. The financial services provider reported $5.95 earnings per share (EPS) for the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. The company had revenue of $15.46 billion for the quarter. On average, analysts predict that Capital One Financial will post 15.65 earnings per share for the current year.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Neal Blinde sold 43,200 shares of Capital One Financial stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $221.83, for a total transaction of $9,583,056.00. Following the completion of the sale, the insider directly owned 73,020 shares in the company, valued at approximately $16,198,026.60. The trade was a 37.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $221.54, for a total value of $443,080.00. Following the completion of the transaction, the general counsel directly owned 94,486 shares of the company’s stock, valued at approximately $20,932,428.44. This trade represents a 2.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 280,218 shares of company stock valued at $62,395,804 over the last three months. Company insiders own 1.26% of the company’s stock.

Institutional Investors Weigh In On Capital One Financial

Hedge funds have recently modified their holdings of the company. Earned Wealth Advisors LLC acquired a new stake in Capital One Financial during the 2nd quarter worth $254,000. Plancorp LLC acquired a new position in Capital One Financial in the second quarter valued at $272,000. CIBC Asset Management Inc increased its position in Capital One Financial by 53.9% in the 2nd quarter. CIBC Asset Management Inc now owns 88,505 shares of the financial services provider’s stock valued at $18,830,000 after acquiring an additional 30,991 shares during the period. Smith Chas P & Associates PA Cpas raised its stake in shares of Capital One Financial by 1,490.0% during the second quarter. Smith Chas P & Associates PA Cpas now owns 43,486 shares of the financial services provider’s stock worth $9,252,000 after purchasing an additional 40,751 shares during the last quarter. Finally, Montecito Bank & Trust acquired a new position in shares of Capital One Financial during the third quarter worth about $647,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

About Capital One Financial

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.