The Goldman Sachs Group Issues Pessimistic Forecast for Capital One Financial (NYSE:COF) Stock Price

Capital One Financial (NYSE:COF) had its price target decreased by stock analysts at The Goldman Sachs Group from $300.00 to $260.00 in a research note issued on Tuesday,MarketScreener reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. The Goldman Sachs Group’s target price would suggest a potential upside of 42.33% from the company’s current price.

Other equities analysts have also issued reports about the stock. TD Cowen cut their price target on shares of Capital One Financial from $290.00 to $260.00 and set a “buy” rating on the stock in a report on Tuesday, March 31st. Morgan Stanley lifted their price target on shares of Capital One Financial from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. HSBC cut their price target on shares of Capital One Financial from $234.00 to $226.00 and set a “hold” rating on the stock in a report on Tuesday, January 20th. Barclays cut their price target on shares of Capital One Financial from $287.00 to $226.00 and set an “overweight” rating on the stock in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Capital One Financial from $263.00 to $256.00 and set a “hold” rating on the stock in a report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $267.25.

Capital One Financial Price Performance

NYSE COF opened at $182.67 on Tuesday. The firm’s fifty day simple moving average is $197.52 and its two-hundred day simple moving average is $216.00. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.44. Capital One Financial has a 12-month low of $147.30 and a 12-month high of $259.64. The firm has a market capitalization of $113.61 billion, a P/E ratio of 61.60, a P/E/G ratio of 0.56 and a beta of 1.14.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $15.62 billion during the quarter, compared to analysts’ expectations of $15.49 billion. During the same period in the prior year, the firm posted $2.67 earnings per share. Capital One Financial’s revenue for the quarter was up 53.3% compared to the same quarter last year. Analysts forecast that Capital One Financial will post 15.65 EPS for the current fiscal year.

Insider Activity at Capital One Financial

In other news, insider Lia Dean sold 1,692 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $185.61, for a total transaction of $314,052.12. Following the sale, the insider directly owned 65,454 shares of the company’s stock, valued at $12,148,916.94. The trade was a 2.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,099 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $185.61, for a total transaction of $203,985.39. Following the sale, the insider directly owned 63,323 shares in the company, valued at $11,753,382.03. This trade represents a 1.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 50,047 shares of company stock valued at $9,742,217 over the last three months. 1.26% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Capital One Financial

Large investors have recently made changes to their positions in the stock. Purpose Unlimited Inc. acquired a new position in Capital One Financial during the fourth quarter valued at $33,000. Rockefeller Capital Management L.P. lifted its position in Capital One Financial by 21.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 246,517 shares of the financial services provider’s stock valued at $59,746,000 after purchasing an additional 43,813 shares during the period. World Investment Advisors lifted its position in Capital One Financial by 26.8% during the fourth quarter. World Investment Advisors now owns 18,825 shares of the financial services provider’s stock valued at $4,562,000 after purchasing an additional 3,975 shares during the period. Nalls Sherbakoff Group LLC acquired a new position in Capital One Financial during the fourth quarter valued at $238,000. Finally, Meadowbrook Advisors Group LLC acquired a new position in Capital One Financial during the fourth quarter valued at $240,000. 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.