Capital One Financial (NYSE:COF) Raised to “Overweight” at Barclays

Capital One Financial (NYSE:COF) was upgraded by equities researchers at Barclays from an “equal weight” rating to an “overweight” rating in a research note issued on Monday,Finviz reports. The brokerage presently has a $219.00 price target on the financial services provider’s stock, up from their prior price target of $158.00. Barclays‘s price target indicates a potential upside of 21.38% from the company’s previous close.

A number of other equities research analysts have also issued reports on the stock. Bank of America lowered shares of Capital One Financial from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $203.00 to $200.00 in a report on Monday, December 9th. Robert W. Baird increased 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. Wells Fargo & Company boosted their target price on Capital One Financial from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday. JPMorgan Chase & Co. increased their price target on Capital One Financial from $162.00 to $186.00 and gave the company a “neutral” rating in a research report on Monday, December 9th. Finally, Keefe, Bruyette & Woods boosted their price objective on Capital One Financial from $185.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $178.13.

Capital One Financial Trading Up 1.0 %

Shares of NYSE COF opened at $180.43 on Monday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $68.84 billion, a PE ratio of 17.04, a PEG ratio of 1.36 and a beta of 1.46. Capital One Financial has a twelve month low of $123.23 and a twelve month high of $198.30. The stock has a fifty day simple moving average of $181.32 and a 200-day simple moving average of $157.37.

Capital One Financial (NYSE:COF) last released its earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, beating the consensus estimate 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%. Capital One Financial’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. On average, equities analysts forecast that Capital One Financial will post 13.54 earnings per share for the current year.

Insider Buying and Selling at Capital One Financial

In related news, insider Frank G. LapradeIii sold 15,751 shares of the stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $160.00, for a total transaction of $2,520,160.00. Following the completion of the sale, the insider now owns 44,711 shares in the company, valued at $7,153,760. This represents a 26.05 % decrease in their position. The sale was disclosed in a document filed 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 on Tuesday, November 5th. The shares were sold at an average price of $162.37, for a total transaction of $323,765.78. Following the completion of the transaction, the insider now owns 19,776 shares in the company, valued at approximately $3,211,029.12. This represents a 9.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,007 shares of company stock worth $4,982,647 over the last 90 days. Corporate insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Capital One Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in COF. FMR LLC lifted its position in Capital One Financial by 21.4% during the 3rd quarter. FMR LLC now owns 6,640,951 shares of the financial services provider’s stock worth $994,350,000 after acquiring an additional 1,169,395 shares during the period. Eminence Capital LP acquired a new stake in shares of Capital One Financial during the second quarter worth $127,465,000. Wellington Management Group LLP grew its position in Capital One Financial by 268.7% in 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 buying an additional 710,881 shares during the last quarter. Southpoint Capital Advisors LP acquired a new position in Capital One Financial in the 3rd quarter valued at $104,811,000. Finally, Assenagon Asset Management S.A. raised its position in Capital One Financial by 1,518.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 412,355 shares of the financial services provider’s stock worth $61,742,000 after buying an additional 386,870 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

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.