Capital One Financial (NYSE:COF) was upgraded by equities researchers at Piper Jaffray Companies from an “underweight” rating to a “neutral” rating in a research report issued to clients and investors on Monday, Marketbeat reports. The firm presently has a $81.00 target price on the financial services provider’s stock. Piper Jaffray Companies’ price target would suggest a potential downside of 18.44% from the stock’s previous close.
Several other analysts have also recently weighed in on the stock. Wedbush set a $95.00 target price on shares of Capital One Financial and gave the company a “hold” rating in a report on Monday, December 11th. Zacks Investment Research cut shares of Capital One Financial from a “buy” rating to a “hold” rating in a report on Monday, October 30th. BMO Capital Markets raised their target price on shares of Capital One Financial from $116.00 to $118.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Bank of America raised their target price on shares of Capital One Financial from $89.00 to $91.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. Finally, Wells Fargo & Company raised their target price on shares of Capital One Financial from $96.00 to $98.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $96.24.
Shares of Capital One Financial (NYSE:COF) traded up $3.00 on Monday, hitting $99.31. 3,005,441 shares of the stock traded hands, compared to its average volume of 2,598,951. The firm has a market capitalization of $46,659.03, a PE ratio of 12.70, a PEG ratio of 1.44 and a beta of 1.28. Capital One Financial has a 1-year low of $76.05 and a 1-year high of $99.95. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.07 and a quick ratio of 1.06.
In other Capital One Financial news, insider Michael Slocum sold 8,292 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $91.99, for a total transaction of $762,781.08. Following the sale, the insider now owns 53,613 shares of the company’s stock, valued at $4,931,859.87. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Frank G. LapradeIii sold 83,046 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $95.00, for a total transaction of $7,889,370.00. Following the sale, the insider now directly owns 97,346 shares in the company, valued at approximately $9,247,870. The disclosure for this sale can be found here. In the last three months, insiders have sold 214,914 shares of company stock worth $20,267,562. 1.73% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. ARGA Investment Management LP grew its position in shares of Capital One Financial by 0.3% during the second quarter. ARGA Investment Management LP now owns 11,002 shares of the financial services provider’s stock worth $909,000 after acquiring an additional 32 shares during the last quarter. Linscomb & Williams Inc. grew its position in shares of Capital One Financial by 1.1% during the second quarter. Linscomb & Williams Inc. now owns 2,953 shares of the financial services provider’s stock worth $244,000 after acquiring an additional 33 shares during the last quarter. Northern Capital Management LLC grew its position in shares of Capital One Financial by 0.6% during the second quarter. Northern Capital Management LLC now owns 18,974 shares of the financial services provider’s stock worth $1,568,000 after acquiring an additional 110 shares during the last quarter. Calamos Wealth Management LLC grew its position in shares of Capital One Financial by 0.8% during the second quarter. Calamos Wealth Management LLC now owns 14,228 shares of the financial services provider’s stock worth $1,176,000 after acquiring an additional 113 shares during the last quarter. Finally, Parallel Advisors LLC grew its position in shares of Capital One Financial by 5.2% during the second quarter. Parallel Advisors LLC now owns 3,609 shares of the financial services provider’s stock worth $311,000 after acquiring an additional 179 shares during the last quarter. Institutional investors and hedge funds own 88.43% of the company’s stock.
About Capital One Financial
Capital One Financial Corporation is a diversified financial services holding company. The Company, along with its subsidiaries, offers a range of financial products and services to consumers, small businesses and commercial clients through branches, the Internet and other distribution channels. The Company’s segments include Credit Card, Consumer Banking, Commercial Banking and Other.
