Capital One Financial (NYSE:COF) was downgraded by equities research analysts at Barclays from an “overweight” rating to an “equal weight” rating in a report released on Tuesday, The Fly reports.
Several other equities analysts have also weighed in on COF. StockNews.com started coverage on shares of Capital One Financial in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Citigroup dropped their price target on shares of Capital One Financial from $157.00 to $119.00 and set a “buy” rating on the stock in a research report on Thursday, October 13th. JPMorgan Chase & Co. dropped their price target on shares of Capital One Financial from $134.00 to $126.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 18th. Piper Sandler dropped their price target on shares of Capital One Financial from $125.00 to $110.00 and set a “neutral” rating on the stock in a research report on Monday, September 26th. Finally, Morgan Stanley lowered shares of Capital One Financial from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $115.00 to $90.00 in a research report on Thursday, December 1st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $135.50.
Capital One Financial Price Performance
NYSE COF opened at $92.96 on Tuesday. The company has a 50 day simple moving average of $98.79 and a 200-day simple moving average of $102.63. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.01 and a quick ratio of 1.00. The firm has a market capitalization of $35.48 billion, a price-to-earnings ratio of 4.60, a price-to-earnings-growth ratio of 0.65 and a beta of 1.41. Capital One Financial has a 52-week low of $86.98 and a 52-week high of $162.40.
Capital One Financial (NYSE:COF – Get Rating) last posted its quarterly earnings results on Thursday, October 27th. The financial services provider reported $4.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.03 by ($0.83). The company had revenue of $8.81 billion during the quarter, compared to analysts’ expectations of $8.60 billion. Capital One Financial had a return on equity of 15.44% and a net margin of 23.84%. Equities research analysts predict that Capital One Financial will post 18.78 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Capital One Financial news, CEO Richard D. Fairbank sold 12,538 shares of Capital One Financial stock in a transaction on Monday, October 31st. The stock was sold at an average price of $106.24, for a total transaction of $1,332,037.12. Following the completion of the transaction, the chief executive officer now directly owns 3,757,022 shares of the company’s stock, valued at $399,146,017.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Capital One Financial news, insider Mark Daniel Mouadeb sold 940 shares of Capital One Financial stock in a transaction on Friday, October 28th. The stock was sold at an average price of $105.00, for a total transaction of $98,700.00. Following the completion of the transaction, the insider now directly owns 11,303 shares of the company’s stock, valued at $1,186,815. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Richard D. Fairbank sold 12,538 shares of Capital One Financial stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $106.24, for a total value of $1,332,037.12. Following the completion of the transaction, the chief executive officer now directly owns 3,757,022 shares of the company’s stock, valued at $399,146,017.28. The disclosure for this sale can be found here. Insiders have sold 26,016 shares of company stock worth $2,761,270 over the last 90 days. Corporate insiders own 1.27% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. MQS Management LLC bought a new position in shares of Capital One Financial in the third quarter valued at about $264,000. Toroso Investments LLC raised its holdings in shares of Capital One Financial by 10.7% in the third quarter. Toroso Investments LLC now owns 15,771 shares of the financial services provider’s stock valued at $1,454,000 after buying an additional 1,521 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in Capital One Financial by 140.0% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 8,733 shares of the financial services provider’s stock worth $805,000 after purchasing an additional 5,094 shares during the last quarter. Teachers Retirement System of The State of Kentucky bought a new stake in Capital One Financial during the 3rd quarter worth about $3,325,000. Finally, 17 Capital Partners LLC raised its holdings in Capital One Financial by 9.7% during the 3rd quarter. 17 Capital Partners LLC now owns 12,519 shares of the financial services provider’s stock worth $1,154,000 after purchasing an additional 1,105 shares during the last quarter. 88.30% of the stock is owned by institutional investors.
About Capital One Financial
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Capital One Financial Corporation operates as the financial services holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.
Further Reading
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