BTIG Research Raises Capital One Financial (NYSE:COF) Price Target to $308.00

Capital One Financial (NYSE:COF) had its target price upped by analysts at BTIG Research from $264.00 to $308.00 in a research note issued on Friday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the financial services provider’s stock. BTIG Research’s target price points to a potential upside of 23.41% from the stock’s previous close.

Several other brokerages also recently issued reports on COF. Truist Financial upped their price target on shares of Capital One Financial from $270.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Jefferies Financial Group upped their target price on Capital One Financial from $265.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Morgan Stanley reissued an “overweight” rating and set a $280.00 price target on shares of Capital One Financial in a research note on Tuesday, December 16th. Citigroup upped their price objective on Capital One Financial from $275.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Finally, TD Cowen lifted their target price on shares of Capital One Financial from $258.00 to $261.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Capital One Financial has a consensus rating of “Moderate Buy” and an average target price of $267.45.

Capital One Financial Stock Up 0.5%

Shares of NYSE:COF opened at $249.58 on Friday. The firm has a market cap of $158.67 billion, a P/E ratio of 105.31, a P/E/G ratio of 0.57 and a beta of 1.16. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.45. Capital One Financial has a 12 month low of $143.22 and a 12 month high of $249.73. The company’s 50-day moving average price is $224.67 and its two-hundred day moving average price is $218.62.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Monday, November 3rd. The financial services provider reported $5.95 earnings per share for the quarter. The company had revenue of $15.46 billion for the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. As a group, research analysts forecast that Capital One Financial will post 15.65 EPS for the current fiscal year.

Insider Transactions at Capital One Financial

In related news, CEO Richard D. Fairbank sold 103,487 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $220.68, for a total value of $22,837,511.16. Following the transaction, the chief executive officer owned 4,001,228 shares in the company, valued at $882,990,995.04. The trade was a 2.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lia Dean sold 3,269 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $218.15, for a total transaction of $713,132.35. Following the sale, the insider directly owned 69,855 shares in the company, valued at $15,238,868.25. This trade represents a 4.47% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 280,218 shares of company stock worth $62,395,804. Company insiders own 1.26% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Kingstone Capital Partners Texas LLC boosted its position in shares of Capital One Financial by 588,668.3% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock worth $24,988,129,000 after purchasing an additional 117,427,549 shares in the last quarter. Vanguard Group Inc. increased its position in Capital One Financial by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 56,537,167 shares of the financial services provider’s stock valued at $12,018,671,000 after buying an additional 156,254 shares in the last quarter. State Street Corp raised its stake in Capital One Financial by 63.4% during the 2nd quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock worth $5,910,500,000 after buying an additional 10,776,843 shares during the period. Geode Capital Management LLC boosted its holdings in Capital One Financial by 64.1% in the second quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider’s stock worth $2,970,628,000 after acquiring an additional 5,474,328 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in Capital One Financial by 12.8% in the third quarter. Franklin Resources Inc. now owns 11,838,304 shares of the financial services provider’s stock valued at $2,516,587,000 after acquiring an additional 1,339,215 shares during the period. 89.84% of the stock is owned by institutional investors.

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.