Evercore ISI Has Lowered Expectations for Capital One Financial (NYSE:COF) Stock Price

Capital One Financial (NYSE:COF) had its target price lowered by equities researchers at Evercore ISI from $290.00 to $265.00 in a report issued on Tuesday,MarketScreener reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Evercore ISI’s price target would suggest a potential upside of 22.71% from the stock’s previous close.

COF has been the topic of several other research reports. Wolfe Research cut their target price on Capital One Financial from $294.00 to $280.00 and set an “outperform” rating on the stock in a research report on Friday. Morgan Stanley increased their target price on shares of Capital One Financial from $280.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Capital One Financial in a research report on Tuesday, January 6th. Truist Financial set a $275.00 target price on Capital One Financial in a research note on Monday. Finally, Barclays decreased their price target on Capital One Financial from $294.00 to $287.00 and set an “overweight” rating for the company in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $274.70.

Capital One Financial Stock Down 1.9%

Shares of Capital One Financial stock traded down $4.22 during trading hours on Tuesday, reaching $215.96. The company’s stock had a trading volume of 519,812 shares, compared to its average volume of 6,310,649. The company has a market capitalization of $137.29 billion, a P/E ratio of 73.08, a P/E/G ratio of 0.49 and a beta of 1.13. The stock’s fifty day simple moving average is $233.60 and its two-hundred day simple moving average is $223.40. Capital One Financial has a one year low of $143.22 and a one year high of $259.64. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.04 and a current ratio of 1.04.

Capital One Financial (NYSE:COF) last posted its earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.28). Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.The business had revenue of $15.62 billion during the quarter, compared to analyst estimates of $15.49 billion. During the same quarter in the prior year, the company earned $2.67 EPS. The company’s revenue was up 53.3% on a year-over-year basis. On average, research analysts forecast that Capital One Financial will post 15.65 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Neal Blinde sold 43,200 shares of the stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $221.83, for a total value of $9,583,056.00. Following the transaction, the insider owned 73,020 shares of the company’s stock, valued at $16,198,026.60. This represents a 37.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard D. Fairbank sold 103,487 shares of the company’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $220.68, for a total transaction of $22,837,511.16. Following the completion of the transaction, the chief executive officer owned 4,001,228 shares of the company’s stock, valued at $882,990,995.04. This trade represents a 2.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 195,409 shares of company stock worth $43,756,821. 1.26% of the stock is owned by corporate insiders.

Institutional Trading of Capital One Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Earned Wealth Advisors LLC bought a new stake in Capital One Financial in the second quarter worth $254,000. Cortland Associates Inc. MO bought a new position in shares of Capital One Financial during the third quarter valued at $14,391,000. CIBC Asset Management Inc increased its holdings 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 worth $18,830,000 after buying an additional 30,991 shares in the last quarter. Montecito Bank & Trust purchased a new position in Capital One Financial in the 3rd quarter worth about $647,000. Finally, Flagship Harbor Advisors LLC lifted its stake in Capital One Financial by 111.8% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 2,510 shares of the financial services provider’s stock valued at $534,000 after acquiring an additional 1,325 shares during the period. Hedge funds and other institutional investors own 89.84% of the company’s stock.

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.