Capital One Financial (NYSE:COF) Stock Price Target Cut by Citigroup

Capital One Financial (NYSE:COF) had its price target reduced by research analysts at Citigroup from $295.00 to $280.00 in a note issued to investors on Tuesday. Citigroup’s price target would suggest a potential upside of 42.38% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Bank of America dropped their price objective on Capital One Financial from $234.00 to $231.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft set a $245.00 price target on shares of Capital One Financial in a research note on Thursday, August 20th. JPMorgan Chase & Co. increased their target price on shares of Capital One Financial from $215.00 to $245.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Barclays decreased their price objective on Capital One Financial from $242.00 to $240.00 and set an “overweight” rating for the company in a research note on Wednesday, July 22nd. Finally, Wolfe Research raised their price objective on Capital One Financial from $255.00 to $275.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 25th. Twenty-one equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $258.50.

Capital One Financial Price Performance

NYSE:COF opened at $196.65 on Tuesday. The firm has a market capitalization of $120.64 billion, a price-to-earnings ratio of 12.17, a PEG ratio of 0.72 and a beta of 1.02. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02. The business has a 50 day simple moving average of $211.85 and a 200-day simple moving average of $198.90. Capital One Financial has a 1 year low of $174.24 and a 1 year high of $259.64.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, beating the consensus estimate of $4.79 by $1.02. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The business had revenue of $15.83 billion for the quarter, compared to the consensus estimate of $15.76 billion. During the same quarter in the prior year, the firm posted $5.48 earnings per share. The business’s revenue for the quarter was up 26.9% on a year-over-year basis. Equities analysts forecast that Capital One Financial will post 20.3 EPS for the current year.

Insider Transactions at Capital One Financial

In related news, insider Michael Zamsky sold 5,473 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $218.02, for a total value of $1,193,223.46. Following the completion of the transaction, the insider owned 27,992 shares in the company, valued at $6,102,815.84. This trade represents a 16.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Timothy P. Golden sold 3,487 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $211.00, for a total transaction of $735,757.00. Following the transaction, the chief accounting officer directly owned 7,429 shares of the company’s stock, valued at $1,567,519. This represents a 31.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 33,850 shares of company stock worth $7,208,382 over the last 90 days. Insiders own 0.78% of the company’s stock.

Institutional Investors Weigh In On Capital One Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in COF. State Street Corp boosted its stake in Capital One Financial by 107.9% during the second quarter. State Street Corp now owns 57,278,732 shares of the financial services provider’s stock worth $11,491,259,000 after buying an additional 29,724,829 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Capital One Financial by 0.5% in 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 last quarter. Franklin Resources Inc. lifted its stake in Capital One Financial by 5.4% during the fourth quarter. Franklin Resources Inc. now owns 12,476,462 shares of the financial services provider’s stock worth $3,023,795,000 after purchasing an additional 638,158 shares in the last quarter. Bank of America Corp DE acquired a new stake in shares of Capital One Financial in the second quarter valued at $1,435,311,000. Finally, Wellington Management Group LLP lifted its stake in Capital One Financial by 36.2% during the 2nd quarter. Wellington Management Group LLP now owns 7,108,112 shares of the financial services provider’s stock worth $1,426,029,000 after acquiring an additional 1,887,497 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

About Capital One Financial

Capital One Financial Corp. is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company provides credit cards, consumer banking products, auto financing and commercial banking services through its Capital One brand.

Capital One offers credit cards for consumers and businesses, checking and savings accounts, certificates of deposit, personal loans and auto loans. Its commercial banking operations serve businesses, institutions and commercial real estate clients with lending, deposit, treasury management and other financial services.

Capital One primarily serves customers in the United States, with additional operations in Canada and the United Kingdom.