Truist Financial Forecasts Strong Price Appreciation for Capital One Financial (NYSE:COF) Stock

Capital One Financial (NYSE:COF) had its price target increased by equities research analysts at Truist Financial from $270.00 to $290.00 in a report issued on Friday,MarketScreener reports. Truist Financial’s price target would indicate a potential upside of 18.76% from the company’s current price.

Several other research analysts have also recently issued reports on COF. Zacks Research cut shares of Capital One Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Citigroup increased their price target on shares of Capital One Financial from $275.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Wolfe Research initiated coverage on shares of Capital One Financial in a research report on Monday, December 8th. They issued an “outperform” rating and a $270.00 price objective on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $280.00 price objective on shares of Capital One Financial in a research note on Tuesday. Finally, UBS Group cut their target price on Capital One Financial from $270.00 to $266.00 and set a “buy” rating on the stock in a research note on Tuesday, October 7th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $265.25.

Capital One Financial Stock Up 0.6%

COF opened at $244.20 on Friday. Capital One Financial has a 12 month low of $143.22 and a 12 month high of $244.82. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.45. The business’s 50-day moving average price is $220.91 and its 200-day moving average price is $216.84. The company has a market cap of $155.25 billion, a P/E ratio of 103.04, a P/E/G ratio of 0.56 and a beta of 1.16.

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 (EPS) for the quarter. The business had revenue of $15.46 billion for the quarter. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%. On average, equities analysts expect that Capital One Financial will post 15.65 EPS for the current year.

Insider Buying and Selling at Capital One Financial

In related news, insider Lia Dean sold 3,269 shares of Capital One Financial stock in a transaction that occurred on Monday, December 1st. The stock was 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. The trade was a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Celia Karam sold 2,936 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $218.15, for a total value of $640,488.40. Following the completion of the sale, the insider directly owned 63,433 shares in the company, valued at approximately $13,837,908.95. The trade was a 4.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 280,218 shares of company stock worth $62,395,804. Insiders own 1.26% of the company’s stock.

Institutional Trading of Capital One Financial

A number of hedge funds have recently modified their holdings of COF. Mather Group LLC. boosted its stake in Capital One Financial by 1.0% during the third quarter. Mather Group LLC. now owns 4,540 shares of the financial services provider’s stock worth $965,000 after acquiring an additional 47 shares in the last quarter. Nicolet Advisory Services LLC increased its stake in shares of Capital One Financial by 0.7% during the third quarter. Nicolet Advisory Services LLC now owns 7,047 shares of the financial services provider’s stock valued at $1,506,000 after purchasing an additional 48 shares in the last quarter. Eagle Bay Advisors LLC lifted its holdings in shares of Capital One Financial by 3.6% during the second quarter. Eagle Bay Advisors LLC now owns 1,407 shares of the financial services provider’s stock valued at $299,000 after purchasing an additional 49 shares during the last quarter. Optas LLC boosted its position in shares of Capital One Financial by 1.4% in the 3rd quarter. Optas LLC now owns 3,484 shares of the financial services provider’s stock worth $741,000 after purchasing an additional 49 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV grew its stake in shares of Capital One Financial by 1.1% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 4,450 shares of the financial services provider’s stock worth $946,000 after buying an additional 49 shares during the last quarter. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Company Profile

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.