Capital One Financial (NYSE:COF) Stock Gets Price Target Cut from UBS Group

Capital One Financial (NYSE:COF) had its price target decreased by UBS Group from $280.00 to $274.00 in a report published on Monday,Benzinga reports. UBS Group currently has a buy rating on the financial services provider’s stock.

COF has been the subject of several other research reports. BMO Capital Markets increased their price target on Capital One Financial from $219.00 to $225.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 21st. Bank of America lowered their price target on Capital One Financial from $234.00 to $231.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Evercore restated an “outperform” rating and set a $230.00 price objective on shares of Capital One Financial in a research note on Tuesday, October 27th. JPMorgan Chase & Co. upped their price objective on shares of Capital One Financial from $227.00 to $241.00 and gave the stock an “overweight” rating in a report on Wednesday, October 21st. Finally, Deutsche Bank Aktiengesellschaft set a $245.00 target price on shares of Capital One Financial in a research report on Thursday, August 20th. Twenty analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Capital One Financial has an average rating of “Moderate Buy” and an average price target of $256.50.

Capital One Financial Stock Performance

Shares of NYSE COF opened at $206.41 on Monday. Capital One Financial has a 12-month low of $174.24 and a 12-month high of $259.64. The company has a market cap of $126.63 billion, a PE ratio of 10.04, a P/E/G ratio of 0.95 and a beta of 1.10. The stock has a 50 day simple moving average of $204.17 and a 200-day simple moving average of $201.23. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.45.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, October 20th. The financial services provider reported $6.69 EPS for the quarter, beating the consensus estimate of $5.53 by $1.16. The firm had revenue of $16.31 billion for the quarter, compared to analysts’ expectations of $16.25 billion. Capital One Financial had a return on equity of 11.64% and a net margin of 13.70%. The firm’s revenue was up 6.4% compared to the same quarter last year. During the same period last year, the firm earned $5.95 EPS. On average, equities research analysts forecast that Capital One Financial will post 21.53 EPS for the current year.

Insiders Place Their Bets

In related news, insider Lia Dean sold 1,887 shares of the stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $195.86, for a total value of $369,587.82. Following the completion of the sale, the insider directly owned 59,308 shares of the company’s stock, valued at approximately $11,616,064.88. This represents a 3.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $196.22, for a total value of $686,770.00. Following the sale, the general counsel owned 79,694 shares of the company’s stock, valued at $15,637,556.68. The trade was a 4.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 115,194 shares of company stock valued at $23,546,209 over the last quarter. 0.78% of the stock is owned by insiders.

Hedge Funds Weigh In On Capital One Financial

Large investors have recently made changes to their positions in the business. State Street Corp lifted its holdings in Capital One Financial by 107.9% in the second quarter. State Street Corp now owns 57,278,732 shares of the financial services provider’s stock valued at $11,491,259,000 after buying an additional 29,724,829 shares during the period. BlackRock Inc. grew its holdings in Capital One Financial by 0.5% during the 2nd quarter. BlackRock Inc. now owns 51,054,869 shares of the financial services provider’s stock worth $10,242,628,000 after acquiring an additional 236,643 shares during the period. Bank of America Corp DE bought a new stake in shares of Capital One Financial during the 2nd quarter valued at $1,435,311,000. Wellington Management Group LLP lifted its stake in shares of Capital One Financial by 36.2% in the 2nd quarter. Wellington Management Group LLP now owns 7,108,112 shares of the financial services provider’s stock valued at $1,426,029,000 after purchasing an additional 1,887,497 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Capital One Financial by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,621,240 shares of the financial services provider’s stock valued at $1,127,733,000 after purchasing an additional 187,532 shares during the period. Institutional investors and hedge funds own 89.84% of the company’s stock.

About Capital One Financial

Capital One Financial Corporation is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company operates as a bank holding company through Capital One, N.A., providing financial products and services to consumers, small businesses and commercial customers.

Capital One is best known for its credit card business, which offers a range of consumer and business cards. Its other activities include consumer banking products such as checking and savings accounts, auto loans and retail banking services, as well as commercial banking services for businesses and institutions.

The company primarily serves customers in the United States through digital channels, branches and other distribution networks.