Barclays Upgrades Capital One Financial (NYSE:COF) to Overweight

Capital One Financial (NYSE:COF) was upgraded by investment analysts at Barclays from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Monday, Marketbeat Ratings reports. The brokerage presently has a $219.00 target price on the financial services provider’s stock, up from their previous target price of $158.00. Barclays‘s target price would indicate a potential upside of 20.57% from the company’s previous close.

Other equities research analysts have also recently issued reports about the stock. Wells Fargo & Company boosted their price objective on shares of Capital One Financial from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. Keefe, Bruyette & Woods increased their price objective on Capital One Financial from $185.00 to $232.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. JPMorgan Chase & Co. raised their price objective on Capital One Financial from $162.00 to $186.00 and gave the stock a “neutral” rating in a report on Monday, December 9th. Bank of America cut Capital One Financial from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $203.00 to $200.00 in a report on Monday, December 9th. Finally, Robert W. Baird raised their price target on Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Ten analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $181.12.

Capital One Financial Price Performance

Shares of COF stock opened at $181.64 on Monday. The stock has a 50 day moving average price of $182.05 and a 200 day moving average price of $158.00. Capital One Financial has a 52-week low of $123.23 and a 52-week high of $198.30. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market capitalization of $69.30 billion, a P/E ratio of 17.15, a P/E/G ratio of 1.36 and a beta of 1.46.

Capital One Financial (NYSE:COF) last released its earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, topping the consensus estimate of $3.70 by $0.81. The business had revenue of $10 billion during the quarter, compared to the consensus estimate of $9.88 billion. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the company earned $4.45 earnings per share. As a group, sell-side analysts predict that Capital One Financial will post 13.54 earnings per share for the current year.

Insider Activity

In other news, insider Frank G. LapradeIii sold 15,751 shares of the firm’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $160.00, for a total value of $2,520,160.00. Following the completion of the transaction, the insider now directly owns 44,711 shares in the company, valued at $7,153,760. This trade represents a 26.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Mark Daniel Mouadeb sold 1,994 shares of Capital One Financial stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $162.37, for a total value of $323,765.78. Following the sale, the insider now directly owns 19,776 shares of the company’s stock, valued at $3,211,029.12. This trade represents a 9.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,007 shares of company stock worth $4,982,647 over the last 90 days. 1.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Capital One Financial

A number of institutional investors have recently bought and sold shares of COF. Y.D. More Investments Ltd acquired a new stake in shares of Capital One Financial in the second quarter worth $28,000. Catalyst Capital Advisors LLC purchased a new stake in Capital One Financial in the third quarter valued at $36,000. Strategic Financial Concepts LLC acquired a new stake in Capital One Financial during the 2nd quarter worth about $42,000. Creative Financial Designs Inc. ADV raised its stake in shares of Capital One Financial by 135.0% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 289 shares of the financial services provider’s stock valued at $43,000 after buying an additional 166 shares during the last quarter. Finally, Eastern Bank acquired a new position in shares of Capital One Financial in the 3rd quarter valued at about $44,000. 89.84% of the stock is 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.