Capital One Financial (NYSE:COF) Raised to Hold at BMO Capital Markets

Capital One Financial (NYSE:COF) was upgraded by equities researchers at BMO Capital Markets to a “hold” rating in a research report issued on Thursday, Zacks reports.

Several other equities analysts have also weighed in on COF. Bank of America cut their target price on Capital One Financial from $234.00 to $231.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Barclays decreased their target price on Capital One Financial from $240.00 to $237.00 and set an “overweight” rating for the company in a research report on Monday. Evercore set a $220.00 price objective on shares of Capital One Financial in a report on Thursday, October 1st. Weiss Ratings cut shares of Capital One Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. Finally, BTIG Research raised their target price on Capital One Financial from $224.00 to $259.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. Twenty research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $256.09.

Capital One Financial Trading Down 0.1%

Capital One Financial stock opened at $199.14 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.39. Capital One Financial has a 12 month low of $174.24 and a 12 month high of $259.64. The company’s fifty day simple moving average is $210.17 and its 200-day simple moving average is $199.65. The stock has a market cap of $122.17 billion, a P/E ratio of 12.32, a P/E/G ratio of 0.73 and a beta of 1.04.

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

Insider Buying and Selling

In related news, insider Ravi Raghu sold 9,726 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $209.78, for a total value of $2,040,320.28. Following the completion of the sale, the insider owned 26,328 shares of the company’s stock, valued at $5,523,087.84. This trade represents a 26.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Lia Dean sold 2,193 shares of Capital One Financial stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $225.52, for a total value of $494,565.36. Following the completion of the sale, the insider owned 63,261 shares of the company’s stock, valued at approximately $14,266,620.72. The trade was a 3.35% decrease in their ownership of the stock. 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 have sold a total of 33,850 shares of company stock valued at $7,167,152 in the last ninety days. 0.78% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Solstein Capital LLC acquired a new position in shares of Capital One Financial in the 2nd quarter valued at approximately $26,000. Ballast Advisors LLC acquired a new position in Capital One Financial in the 1st quarter worth $27,000. Gilpin Wealth Management LLC bought a new position in Capital One Financial during the 3rd quarter worth about $27,000. Frazier Financial Advisors LLC bought a new position in Capital One Financial during the 1st quarter worth about $29,000. Finally, Pension & Wealth Management Advisors Inc. acquired a new stake in shares of Capital One Financial in the 2nd quarter valued at about $31,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

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.