JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Capital One Financial (NYSE:COF) Stock

Capital One Financial (NYSE:COF) had its price target lifted by JPMorgan Chase & Co. from $237.00 to $256.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 9.69% from the stock’s previous close.

Several other brokerages also recently weighed in on COF. Citigroup boosted their price target on Capital One Financial from $290.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, December 31st. The Goldman Sachs Group reaffirmed a “buy” rating and set a $300.00 price target on shares of Capital One Financial in a research report on Tuesday, January 6th. Wells Fargo & Company lifted their price objective on shares of Capital One Financial from $265.00 to $280.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. Wolfe Research began coverage on Capital One Financial in a report on Monday, December 8th. They issued an “outperform” rating and a $270.00 price target for the company. Finally, Jefferies Financial Group boosted their target price on shares of Capital One Financial from $265.00 to $275.00 and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $278.20.

Capital One Financial Stock Performance

NYSE:COF traded down $15.82 during mid-day trading on Monday, reaching $233.38. The stock had a trading volume of 9,072,728 shares, compared to its average volume of 4,565,565. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.03 and a current ratio of 1.03. The business has a 50 day simple moving average of $230.47 and a 200 day simple moving average of $222.26. Capital One Financial has a twelve month low of $143.22 and a twelve month high of $259.64. The firm has a market capitalization of $148.37 billion, a price-to-earnings ratio of 98.45, a PEG ratio of 0.57 and a beta of 1.13.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Monday, November 3rd. The financial services provider reported $5.95 earnings per share for the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. The business had revenue of $15.46 billion for the quarter. On average, analysts expect that Capital One Financial will post 15.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Neal Blinde sold 43,200 shares of the business’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $221.83, for a total transaction of $9,583,056.00. Following the sale, the insider directly owned 73,020 shares of the company’s stock, valued at $16,198,026.60. The trade was a 37.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ravi Raghu sold 13,450 shares of the stock in a transaction on Monday, January 5th. The shares were sold at an average price of $250.00, for a total value of $3,362,500.00. Following the completion of the transaction, the insider owned 30,337 shares of the company’s stock, valued at $7,584,250. This trade represents a 30.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 298,895 shares of company stock worth $67,111,541. Corporate insiders own 1.26% of the company’s stock.

Institutional Investors Weigh In On Capital One Financial

A number of large investors have recently made changes to their positions in COF. Earned Wealth Advisors LLC acquired a new position in Capital One Financial during the 2nd quarter valued at $254,000. Plancorp LLC bought a new position in shares of Capital One Financial during the 2nd quarter worth about $272,000. CIBC Asset Management Inc increased its holdings in shares of Capital One Financial by 53.9% during the 2nd quarter. CIBC Asset Management Inc now owns 88,505 shares of the financial services provider’s stock worth $18,830,000 after purchasing an additional 30,991 shares during the period. Cortland Associates Inc. MO acquired a new position in shares of Capital One Financial during the third quarter valued at about $14,391,000. Finally, Smith Chas P & Associates PA Cpas lifted its stake in shares of Capital One Financial by 1,490.0% in the second quarter. Smith Chas P & Associates PA Cpas now owns 43,486 shares of the financial services provider’s stock valued at $9,252,000 after buying an additional 40,751 shares during the period. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Company Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.