Truist Financial Issues Positive Forecast for Capital One Financial (NYSE:COF) Stock Price

Capital One Financial (NYSE:COF) had its target price raised by Truist Financial from $229.00 to $257.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Truist Financial’s target price indicates a potential upside of 26.42% from the stock’s current price.

Several other research firms have also recently issued reports on COF. JPMorgan Chase & Co. boosted their target price on Capital One Financial from $162.00 to $186.00 and gave the stock a “neutral” rating in a research report on Monday, December 9th. Wells Fargo & Company increased their price objective on Capital One Financial from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. Evercore ISI boosted their target price on shares of Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Royal Bank of Canada increased their price target on shares of Capital One Financial from $190.00 to $200.00 and gave the company a “sector perform” rating in a report on Wednesday, January 22nd. Finally, HSBC upgraded shares of Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 target price on the stock in a research report on Tuesday, January 14th. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $192.12.

Read Our Latest Research Report on Capital One Financial

Capital One Financial Stock Up 0.4 %

Capital One Financial stock opened at $203.30 on Monday. The stock has a market capitalization of $77.50 billion, a price-to-earnings ratio of 17.54, a PEG ratio of 1.29 and a beta of 1.46. The company has a current ratio of 0.98, a quick ratio of 1.00 and a debt-to-equity ratio of 0.74. The stock has a 50 day moving average of $185.47 and a two-hundred day moving average of $163.23. Capital One Financial has a twelve month low of $128.23 and a twelve month high of $207.24.

Capital One Financial (NYSE:COFGet Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $3.09 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.31. The company had revenue of $10.19 billion during the quarter, compared to the consensus estimate of $10.22 billion. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. Capital One Financial’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.81 EPS. As a group, research analysts expect that Capital One Financial will post 15.22 earnings per share for the current year.

Insider Transactions at Capital One Financial

In related news, insider Kara West sold 721 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $184.73, for a total transaction of $133,190.33. Following the transaction, the insider now directly owns 12,929 shares in the company, valued at approximately $2,388,374.17. This represents a 5.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Zamsky sold 10,541 shares of Capital One Financial stock in a transaction dated 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 completion of the sale, the insider now owns 26,482 shares of the company’s stock, valued at $5,038,465.32. This trade represents a 28.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,256 shares of company stock worth $2,462,487 over the last ninety days. 1.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Capital One Financial

Several institutional investors and hedge funds have recently bought and sold shares of COF. Money Concepts Capital Corp boosted its position in Capital One Financial by 4.1% during the 4th quarter. Money Concepts Capital Corp now owns 1,565 shares of the financial services provider’s stock valued at $279,000 after purchasing an additional 61 shares during the period. Grove Bank & Trust boosted its holdings in shares of Capital One Financial by 7.0% in the fourth quarter. Grove Bank & Trust now owns 973 shares of the financial services provider’s stock valued at $174,000 after acquiring an additional 64 shares in the last quarter. Cerro Pacific Wealth Advisors LLC raised its stake in shares of Capital One Financial by 1.1% in the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 5,861 shares of the financial services provider’s stock worth $1,045,000 after buying an additional 64 shares in the last quarter. Prossimo Advisors LLC lifted its holdings in Capital One Financial by 2.4% in the 3rd quarter. Prossimo Advisors LLC now owns 2,735 shares of the financial services provider’s stock valued at $410,000 after acquiring an additional 65 shares during the last quarter. Finally, City Holding Co. boosted its holdings in Capital One Financial by 1.3% during the fourth quarter. City Holding Co. now owns 5,010 shares of the financial services provider’s stock worth $893,000 after buying an additional 65 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Capital One Financial (NYSE:COF)

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