Wall Street Zen Downgrades Capital One Financial (NYSE:COF) to Hold

Capital One Financial (NYSE:COF) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other brokerages have also weighed in on COF. Royal Bank Of Canada lifted their price objective on Capital One Financial from $240.00 to $255.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 23rd. TD Cowen upgraded Capital One Financial from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $184.00 to $258.00 in a research report on Tuesday, July 8th. Keefe, Bruyette & Woods lifted their price objective on Capital One Financial from $248.00 to $260.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 23rd. Redburn Atlantic upgraded Capital One Financial to a “strong-buy” rating in a research report on Friday, August 1st. Finally, Truist Financial lifted their price objective on Capital One Financial from $225.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, July 28th. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $238.81.

Capital One Financial Stock Performance

Shares of NYSE COF opened at $208.32 on Friday. The stock has a market cap of $133.22 billion, a price-to-earnings ratio of 106.83, a P/E/G ratio of 0.81 and a beta of 1.16. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. Capital One Financial has a 1-year low of $131.55 and a 1-year high of $232.45. The stock’s 50-day moving average is $208.99 and its 200 day moving average is $193.28.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $3.55. The firm had revenue of $12.49 billion for the quarter, compared to analysts’ expectations of $12.72 billion. The business’s quarterly revenue was up 31.4% on a year-over-year basis. During the same period in the prior year, the business posted $3.14 earnings per share. On average, sell-side analysts anticipate that Capital One Financial will post 15.65 EPS for the current fiscal year.

Insider Buying and Selling at Capital One Financial

In other news, Director Ann F. Hackett sold 1,658 shares of the business’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $198.70, for a total value of $329,444.60. Following the transaction, the director directly owned 56,244 shares in the company, valued at $11,175,682.80. The trade was a 2.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Zamsky sold 5,515 shares of the business’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $209.59, for a total value of $1,155,888.85. Following the completion of the transaction, the insider owned 27,364 shares in the company, valued at $5,735,220.76. The trade was a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,847 shares of company stock valued at $5,696,173. Company insiders own 1.26% of the company’s stock.

Institutional Investors Weigh In On Capital One Financial

Hedge funds have recently made changes to their positions in the company. Tortoise Investment Management LLC raised its position in Capital One Financial by 166.8% during the second quarter. Tortoise Investment Management LLC now owns 1,030 shares of the financial services provider’s stock valued at $219,000 after purchasing an additional 644 shares during the period. Itau Unibanco Holding S.A. purchased a new stake in Capital One Financial during the second quarter valued at approximately $830,000. Kingsview Wealth Management LLC raised its position in Capital One Financial by 24.8% during the second quarter. Kingsview Wealth Management LLC now owns 11,677 shares of the financial services provider’s stock valued at $2,484,000 after purchasing an additional 2,324 shares during the period. Cornerstone Advisors LLC raised its position in Capital One Financial by 6.5% during the second quarter. Cornerstone Advisors LLC now owns 9,900 shares of the financial services provider’s stock valued at $2,106,000 after purchasing an additional 600 shares during the period. Finally, Citizens Financial Group Inc. RI raised its position in Capital One Financial by 101.6% during the second quarter. Citizens Financial Group Inc. RI now owns 18,942 shares of the financial services provider’s stock valued at $4,030,000 after purchasing an additional 9,548 shares during the period. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Company Profile

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of 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.