UBS Group Lowers Capital One Financial (NYSE:COF) Price Target to $270.00

Capital One Financial (NYSE:COF) had its price target lowered by equities researchers at UBS Group from $283.00 to $270.00 in a research report issued on Wednesday,MarketScreener reports. UBS Group’s target price would suggest a potential upside of 40.14% from the company’s current price.

Several other equities research analysts have also recently issued reports on the company. Morgan Stanley cut their target price on Capital One Financial from $300.00 to $273.00 and set an “overweight” rating for the company in a research note on Thursday, April 16th. Wolfe Research dropped their price target on shares of Capital One Financial from $294.00 to $280.00 and set an “outperform” rating for the company in a research note on Friday, January 23rd. Deutsche Bank Aktiengesellschaft cut their price target on Capital One Financial from $256.00 to $250.00 and set a “hold” rating on the stock in a research note on Wednesday, April 22nd. Argus reduced their target price on Capital One Financial from $260.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Finally, BTIG Research reaffirmed a “buy” rating and set a $224.00 price objective on shares of Capital One Financial in a research report on Wednesday, April 22nd. Eighteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $257.52.

Capital One Financial Price Performance

NYSE COF traded down $0.73 during mid-day trading on Wednesday, hitting $192.67. The stock had a trading volume of 174,705 shares, compared to its average volume of 5,242,469. The firm’s 50 day moving average is $190.12 and its 200 day moving average is $213.19. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $119.82 billion, a price-to-earnings ratio of 67.60, a PEG ratio of 0.69 and a beta of 1.05. Capital One Financial has a twelve month low of $174.98 and a twelve month high of $259.64.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share for the quarter, missing the consensus estimate of $5.08 by ($0.66). Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.The company had revenue of $15.23 billion for the quarter, compared to analyst estimates of $15.68 billion. During the same quarter in the prior year, the firm earned $4.06 earnings per share. The company’s revenue for the quarter was up 52.3% on a year-over-year basis. Equities research analysts forecast that Capital One Financial will post 19.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Capital One Financial news, insider Celia Karam sold 1,749 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $192.58, for a total transaction of $336,822.42. Following the sale, the insider owned 61,579 shares in the company, valued at approximately $11,858,883.82. This represents a 2.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lia Dean sold 1,692 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 $314,052.12. Following the sale, the insider directly owned 65,454 shares in the company, valued at approximately $12,148,916.94. The trade was a 2.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 46,404 shares of company stock worth $8,884,404 in the last quarter. Corporate insiders own 0.78% of the company’s stock.

Institutional Trading of Capital One Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in COF. Cortland Associates Inc. MO purchased a new position in shares of Capital One Financial in the 3rd quarter worth $14,391,000. Meridian Wealth Management LLC increased its position in shares of Capital One Financial by 334.8% during the third quarter. Meridian Wealth Management LLC now owns 9,404 shares of the financial services provider’s stock worth $1,999,000 after acquiring an additional 7,241 shares during the last quarter. National Pension Service raised its position in shares of Capital One Financial by 4.0% in the 3rd quarter. National Pension Service now owns 1,552,736 shares of the financial services provider’s stock valued at $330,081,000 after purchasing an additional 59,100 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in Capital One Financial by 58.5% in the third quarter. B. Riley Wealth Advisors Inc. now owns 36,685 shares of the financial services provider’s stock valued at $7,798,000 after acquiring an additional 13,539 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of Capital One Financial by 17.3% during the third quarter. Jones Financial Companies Lllp now owns 129,013 shares of the financial services provider’s stock worth $28,861,000 after purchasing an additional 19,059 shares during the last quarter. Hedge funds and other institutional investors 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.