TD Cowen Cuts Capital One Financial (NYSE:COF) Price Target to $253.00

Capital One Financial (NYSE:COF) had its target price decreased by TD Cowen from $260.00 to $253.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. TD Cowen’s price target would suggest a potential upside of 23.11% from the company’s previous close.

A number of other research firms also recently commented on COF. Truist Financial dropped their price objective on Capital One Financial from $275.00 to $255.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. Royal Bank Of Canada dropped their price target on Capital One Financial from $275.00 to $235.00 and set a “sector perform” rating for the company in a research note on Friday, April 10th. The Goldman Sachs Group cut their price objective on Capital One Financial from $300.00 to $260.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. JPMorgan Chase & Co. boosted their target price on Capital One Financial from $213.00 to $215.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. Finally, UBS Group increased their target price on shares of Capital One Financial from $270.00 to $275.00 and gave the stock a “buy” rating in a research report on Tuesday. Eighteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Capital One Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $259.71.

Capital One Financial Trading Down 0.5%

Capital One Financial stock traded down $0.99 during trading on Tuesday, reaching $205.51. The company had a trading volume of 356,767 shares, compared to its average volume of 5,131,396. Capital One Financial has a 12-month low of $174.24 and a 12-month high of $259.64. The stock’s 50 day moving average price is $191.12 and its two-hundred day moving average price is $204.59. The firm has a market capitalization of $127.89 billion, a price-to-earnings ratio of 72.23, a PEG ratio of 0.74 and a beta of 1.02. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.03.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $4.42 EPS for the quarter, missing the consensus estimate of $5.08 by ($0.66). The company had revenue of $15.23 billion for the quarter, compared to analyst estimates of $15.68 billion. Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.The business’s revenue for the quarter was up 52.3% on a year-over-year basis. During the same period last year, the company posted $4.06 EPS. As a group, equities analysts expect that Capital One Financial will post 19.53 earnings per share for the current fiscal year.

Insider Activity

In other Capital One Financial news, insider Celia Karam sold 1,749 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $192.58, for a total transaction of $336,822.42. Following the transaction, the insider owned 61,579 shares in the company, valued at $11,858,883.82. The trade was a 2.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $183.93, for a total value of $643,755.00. Following the transaction, the general counsel owned 97,194 shares in the company, valued at approximately $17,876,892.42. This represents a 3.48% decrease in their position. 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. Company insiders own 0.78% of the company’s stock.

Hedge Funds Weigh In On Capital One Financial

Several hedge funds and other institutional investors have recently bought and sold shares of COF. Vanguard Group Inc. grew its position in Capital One Financial by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 56,897,238 shares of the financial services provider’s stock valued at $13,789,615,000 after acquiring an additional 360,071 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Capital One Financial by 5.4% during the fourth quarter. Franklin Resources Inc. now owns 12,476,462 shares of the financial services provider’s stock worth $3,023,795,000 after purchasing an additional 638,158 shares in the last quarter. Morgan Stanley boosted its stake in shares of Capital One Financial by 3.9% in the fourth quarter. Morgan Stanley now owns 8,677,981 shares of the financial services provider’s stock valued at $2,103,196,000 after purchasing an additional 323,350 shares during the period. Norges Bank purchased a new position in shares of Capital One Financial in the fourth quarter valued at $2,089,803,000. Finally, Davis Selected Advisers grew its holdings in Capital One Financial by 2.8% during the 4th quarter. Davis Selected Advisers now owns 8,614,766 shares of the financial services provider’s stock valued at $2,087,878,000 after purchasing an additional 234,649 shares in the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

About Capital One Financial

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.