Wells Fargo & Company Forecasts Strong Price Appreciation for Capital One Financial (NYSE:COF) Stock

Capital One Financial (NYSE:COF) had its price objective boosted by Wells Fargo & Company from $185.00 to $210.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 16.39% from the company’s current price.

COF has been the topic of a number of other reports. Robert W. Baird raised their price objective on Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. upped their price objective on shares of Capital One Financial from $162.00 to $186.00 and gave the company a “neutral” rating in a research report on Monday, December 9th. Barclays raised their target price on Capital One Financial from $154.00 to $158.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Citigroup began coverage on Capital One Financial in a report on Friday, September 20th. They set a “buy” rating and a $190.00 price objective on the stock. Finally, Bank of America downgraded shares of Capital One Financial from a “buy” rating to a “neutral” rating and reduced their target price for the company from $203.00 to $200.00 in a research note on Monday, December 9th. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $174.31.

Capital One Financial Price Performance

NYSE COF opened at $180.43 on Friday. Capital One Financial has a 52-week low of $123.23 and a 52-week high of $198.30. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $68.84 billion, a price-to-earnings ratio of 17.04, a price-to-earnings-growth ratio of 1.36 and a beta of 1.46. The company has a 50 day simple moving average of $181.32 and a 200-day simple moving average of $157.09.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, topping analysts’ consensus estimates of $3.70 by $0.81. The company had revenue of $10 billion during the quarter, compared to the consensus estimate of $9.88 billion. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the business earned $4.45 EPS. Equities research analysts predict that Capital One Financial will post 13.54 earnings per share for the current fiscal year.

Insider Activity at Capital One Financial

In related news, insider Michael Zamsky sold 10,541 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $190.26, for a total value of $2,005,530.66. Following the sale, the insider now directly owns 26,482 shares of the company’s stock, valued at approximately $5,038,465.32. The trade was a 28.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Frank G. LapradeIii sold 15,751 shares of the business’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $160.00, for a total value of $2,520,160.00. Following the completion of the sale, the insider now owns 44,711 shares in the company, valued at approximately $7,153,760. This trade represents a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,007 shares of company stock worth $4,982,647. 1.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Capital One Financial

Several hedge funds have recently made changes to their positions in COF. Y.D. More Investments Ltd bought a new stake in shares of Capital One Financial in the 2nd quarter valued at about $28,000. Catalyst Capital Advisors LLC bought a new stake in shares of Capital One Financial in the third quarter valued at approximately $36,000. Strategic Financial Concepts LLC bought a new stake in shares of Capital One Financial during the 2nd quarter valued at $42,000. Creative Financial Designs Inc. ADV grew its stake in Capital One Financial by 135.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 289 shares of the financial services provider’s stock worth $43,000 after buying an additional 166 shares in the last quarter. Finally, Eastern Bank acquired a new stake in shares of Capital One Financial during the 3rd quarter worth approximately $44,000. 89.84% of the stock is owned by institutional investors.

Capital One Financial Company Profile

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.