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

Capital One Financial (NYSE:COF) had its price objective cut by analysts at Citigroup from $245.00 to $230.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Citigroup’s price target suggests a potential upside of 27.92% from the stock’s current price.

A number of other analysts also recently commented on the stock. Robert W. Baird upgraded shares of Capital One Financial from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $190.00 to $200.00 in a research report on Tuesday, March 11th. Truist Financial dropped their price objective on Capital One Financial from $257.00 to $215.00 and set a “buy” rating on the stock in a research note on Friday. Keefe, Bruyette & Woods lifted their target price on Capital One Financial from $185.00 to $232.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. UBS Group raised shares of Capital One Financial from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $168.00 to $235.00 in a research note on Monday, January 13th. Finally, Evercore ISI upgraded shares of Capital One Financial from an “in-line” rating to an “outperform” rating and set a $200.00 target price for the company in a report on Wednesday, March 12th. Five research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Capital One Financial currently has an average rating of “Moderate Buy” and a consensus price target of $206.53.

Capital One Financial Stock Performance

Capital One Financial stock traded up $4.99 during midday trading on Monday, reaching $179.81. 617,428 shares of the stock traded hands, compared to its average volume of 2,719,964. The firm has a fifty day moving average price of $191.50 and a two-hundred day moving average price of $176.54. Capital One Financial has a fifty-two week low of $128.23 and a fifty-two week high of $210.67. The firm has a market cap of $68.57 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 1.19 and a beta of 1.47. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, beating the consensus estimate of $2.78 by $0.31. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The firm had revenue of $10.19 billion for the quarter, compared to analysts’ expectations of $10.22 billion. During the same period last year, the firm earned $2.81 EPS. The firm’s revenue was up 7.2% compared to the same quarter last year. On average, equities research analysts forecast that Capital One Financial will post 15.65 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of COF. Vanguard Group Inc. grew its stake in shares of Capital One Financial by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 31,744,818 shares of the financial services provider’s stock valued at $5,660,736,000 after buying an additional 234,863 shares in the last quarter. State Street Corp grew its position in Capital One Financial by 0.5% in the third quarter. State Street Corp now owns 16,506,861 shares of the financial services provider’s stock worth $2,471,572,000 after acquiring an additional 74,784 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Capital One Financial by 3.2% during the 4th quarter. Franklin Resources Inc. now owns 10,718,860 shares of the financial services provider’s stock worth $1,911,387,000 after purchasing an additional 331,595 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of Capital One Financial by 0.7% during the 3rd quarter. Fisher Asset Management LLC now owns 9,694,297 shares of the financial services provider’s stock valued at $1,451,527,000 after purchasing an additional 72,097 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Capital One Financial by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 8,227,587 shares of the financial services provider’s stock valued at $1,467,393,000 after purchasing an additional 207,427 shares during the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

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.