BMO Capital Markets Begins Coverage on Capital One Financial (NYSE:COF)

Investment analysts at BMO Capital Markets assumed coverage on shares of Capital One Financial (NYSE:COF) in a report released on Friday, Benzinga reports. The firm set a “market perform” rating and a $219.00 price target on the financial services provider’s stock. BMO Capital Markets’ target price points to a potential upside of 9.88% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. Piper Sandler boosted their target price on shares of Capital One Financial from $254.00 to $260.00 and gave the company an “overweight” rating in a research note on Monday, September 28th. Weiss Ratings cut shares of Capital One Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. Citigroup dropped their target price on shares of Capital One Financial from $295.00 to $280.00 and set a “buy” rating for the company in a research report on Tuesday, September 29th. Barclays cut their price target on shares of Capital One Financial from $240.00 to $237.00 and set an “overweight” rating for the company in a report on Monday. Finally, Wall Street Zen lowered shares of Capital One Financial from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Twenty investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Capital One Financial has a consensus rating of “Moderate Buy” and an average price target of $256.09.

Capital One Financial Price Performance

Capital One Financial stock opened at $199.32 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market capitalization of $122.28 billion, a PE ratio of 12.33, a price-to-earnings-growth ratio of 0.72 and a beta of 1.04. Capital One Financial has a one year low of $174.24 and a one year high of $259.64. The business has a 50 day simple moving average of $210.37 and a 200 day simple moving average of $199.66.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share for the quarter, beating analysts’ consensus estimates of $4.79 by $1.02. Capital One Financial had a return on equity of 11.28% and a net margin of 13.37%.The firm had revenue of $15.83 billion for the quarter, compared to analysts’ expectations of $15.76 billion. During the same period in the prior year, the business posted $5.48 earnings per share. The business’s revenue was up 26.9% compared to the same quarter last year. On average, sell-side analysts forecast that Capital One Financial will post 20.33 EPS for the current fiscal year.

Insiders Place Their Bets

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $214.10, for a total value of $749,350.00. Following the completion of the sale, the general counsel owned 83,194 shares in the company, valued at approximately $17,811,835.40. This trade represents a 4.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lia Dean sold 2,193 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $225.52, for a total transaction of $494,565.36. Following the completion of the transaction, the insider directly owned 63,261 shares of the company’s stock, valued at approximately $14,266,620.72. This represents a 3.35% 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. Insiders sold a total of 33,850 shares of company stock valued at $7,167,152 over the last three months. Company insiders own 0.78% of the company’s stock.

Institutional Trading of Capital One Financial

Hedge funds have recently modified their holdings of the stock. Solstein Capital LLC bought a new position in Capital One Financial in the 2nd quarter valued at $26,000. Purpose Unlimited Inc. bought a new stake in shares of Capital One Financial during the fourth quarter worth $33,000. Ballast Advisors LLC bought a new stake in shares of Capital One Financial during the first quarter worth $27,000. Pension & Wealth Management Advisors Inc. acquired a new position in shares of Capital One Financial during the second quarter valued at $31,000. Finally, Frazier Financial Advisors LLC acquired a new position in shares of Capital One Financial during the first quarter valued at $29,000. 89.84% of the stock is owned by institutional investors.

About Capital One Financial

Capital One Financial Corp. is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company provides credit cards, consumer banking products, auto financing and commercial banking services through its Capital One brand.

Capital One offers credit cards for consumers and businesses, checking and savings accounts, certificates of deposit, personal loans and auto loans. Its commercial banking operations serve businesses, institutions and commercial real estate clients with lending, deposit, treasury management and other financial services.

Capital One primarily serves customers in the United States, with additional operations in Canada and the United Kingdom.