Evercore Lowers Capital One Financial (NYSE:COF) Price Target to $222.00

Capital One Financial (NYSE:COF) had its price objective cut by Evercore from $265.00 to $222.00 in a report released on Monday,MarketScreener reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Evercore’s price target suggests a potential upside of 21.07% from the company’s previous close.

Other analysts also recently issued reports about the company. Weiss Ratings restated a “hold (c)” rating on shares of Capital One Financial in a report on Friday, March 27th. BTIG Research cut their price objective on Capital One Financial from $308.00 to $270.00 and set a “buy” rating on the stock in a research note on Friday, January 23rd. JPMorgan Chase & Co. increased their target price on shares of Capital One Financial from $237.00 to $256.00 and gave the company a “neutral” rating in a research report on Monday, January 12th. HSBC lowered their price target on shares of Capital One Financial from $234.00 to $226.00 and set a “hold” rating for the company in a report on Tuesday, January 20th. Finally, Truist Financial reduced their price objective on shares of Capital One Financial from $290.00 to $275.00 and set a “buy” rating on the stock in a research note on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Capital One Financial presently has an average rating of “Moderate Buy” and an average target price of $269.25.

Capital One Financial Stock Up 0.8%

Shares of NYSE COF opened at $183.37 on Monday. The company has a 50 day simple moving average of $198.25 and a 200 day simple moving average of $216.33. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.04 and a quick ratio of 1.04. Capital One Financial has a 1 year low of $143.22 and a 1 year high of $259.64. The firm has a market cap of $114.04 billion, a PE ratio of 61.94, a price-to-earnings-growth ratio of 0.56 and a beta of 1.14.

Capital One Financial (NYSE:COF) last posted its earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.28). The business had revenue of $15.62 billion for the quarter, compared to the consensus estimate of $15.49 billion. Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.The company’s revenue was up 53.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.67 earnings per share. On average, research analysts forecast that Capital One Financial will post 15.65 EPS for the current year.

Insider Transactions at Capital One Financial

In related news, insider Neal Blinde sold 38,135 shares of Capital One Financial stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $190.51, for a total transaction of $7,265,098.85. Following the transaction, the insider owned 33,551 shares of the company’s stock, valued at $6,391,801.01. The trade was a 53.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Celia Karam sold 1,099 shares of the stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $185.61, for a total value of $203,985.39. Following the completion of the sale, the insider directly owned 63,323 shares of the company’s stock, valued at $11,753,382.03. The trade was a 1.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 52,047 shares of company stock valued at $10,242,217. Corporate insiders own 1.26% of the company’s stock.

Institutional Trading of Capital One Financial

Several institutional investors and hedge funds have recently bought and sold shares of COF. Brighton Jones LLC grew its position in Capital One Financial by 330.1% during the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock worth $2,423,000 after buying an additional 10,428 shares in the last quarter. Intech Investment Management LLC boosted its holdings in Capital One Financial by 44.3% during the 1st quarter. Intech Investment Management LLC now owns 8,968 shares of the financial services provider’s stock valued at $1,608,000 after acquiring an additional 2,753 shares during the period. Sivia Capital Partners LLC grew its position in Capital One Financial by 118.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,300 shares of the financial services provider’s stock worth $702,000 after acquiring an additional 1,788 shares during the last quarter. First Trust Advisors LP increased its stake in Capital One Financial by 11.5% in the 2nd quarter. First Trust Advisors LP now owns 176,319 shares of the financial services provider’s stock worth $37,514,000 after purchasing an additional 18,234 shares during the period. Finally, Brown Advisory Inc. boosted its stake in shares of Capital One Financial by 22.6% during the second quarter. Brown Advisory Inc. now owns 67,483 shares of the financial services provider’s stock valued at $14,358,000 after purchasing an additional 12,438 shares during the period. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

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.