Capital One Financial (NYSE:COF) Now Covered by Analysts at Truist Financial

Stock analysts at Truist Financial began coverage on shares of Capital One Financial (NYSE:COF) in a report released on Tuesday,Benzinga reports. The firm set a “buy” rating and a $229.00 price target on the financial services provider’s stock. Truist Financial’s price target would indicate a potential upside of 27.34% from the stock’s current price.

A number of other equities analysts have also weighed in on COF. Robert W. Baird upped their target price on Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. The Goldman Sachs Group raised their price objective on shares of Capital One Financial from $182.00 to $205.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Royal Bank of Canada boosted their target price on shares of Capital One Financial from $150.00 to $160.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th. Barclays upgraded Capital One Financial from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $158.00 to $219.00 in a research note on Monday. Finally, JPMorgan Chase & Co. increased their price objective on Capital One Financial from $162.00 to $186.00 and gave the stock a “neutral” rating in a research note on Monday, December 9th. Ten investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Capital One Financial currently has a consensus rating of “Hold” and an average price target of $181.12.

Capital One Financial Trading Down 1.1 %

NYSE:COF opened at $179.84 on Tuesday. The firm has a fifty day simple moving average of $182.32 and a two-hundred day simple moving average of $158.16. Capital One Financial has a 12 month low of $123.23 and a 12 month high of $198.30. The stock has a market capitalization of $68.56 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 1.36 and a beta of 1.46. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.78.

Capital One Financial (NYSE:COF) last issued its earnings results on Thursday, October 24th. The financial services provider reported $4.51 EPS for the quarter, beating analysts’ consensus estimates of $3.70 by $0.81. The business had revenue of $10 billion during the quarter, compared to analyst estimates of $9.88 billion. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The firm’s revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the company posted $4.45 EPS. Analysts expect that Capital One Financial will post 13.54 EPS for the current fiscal year.

Insider Buying and Selling at Capital One Financial

In other news, insider Michael Zamsky sold 10,541 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total transaction 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. This represents a 28.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark Daniel Mouadeb sold 1,994 shares of Capital One Financial stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $162.37, for a total value of $323,765.78. Following the completion of the sale, the insider now directly owns 19,776 shares of the company’s stock, valued at approximately $3,211,029.12. This trade represents a 9.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,007 shares of company stock worth $4,982,647 over the last three months. 1.30% of the stock is currently owned by insiders.

Institutional Trading of Capital One Financial

A number of institutional investors have recently modified their holdings of the business. FMR LLC grew its stake in Capital One Financial by 21.4% in the 3rd quarter. FMR LLC now owns 6,640,951 shares of the financial services provider’s stock valued at $994,350,000 after buying an additional 1,169,395 shares in the last quarter. Eminence Capital LP purchased a new position in shares of Capital One Financial in the second quarter valued at $127,465,000. International Assets Investment Management LLC purchased a new position in shares of Capital One Financial in the fourth quarter valued at $130,683,000. Wellington Management Group LLP raised its stake in shares of Capital One Financial by 268.7% during the 3rd quarter. Wellington Management Group LLP now owns 975,439 shares of the financial services provider’s stock valued at $146,052,000 after purchasing an additional 710,881 shares during the period. Finally, Southpoint Capital Advisors LP purchased a new stake in Capital One Financial during the 3rd quarter worth about $104,811,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

About Capital One Financial

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.