Capital One Financial (NYSE:COF) Coverage Initiated at Citigroup

Equities researchers at Citigroup assumed coverage on shares of Capital One Financial (NYSE:COF) in a note issued to investors on Friday, Benzinga reports. The brokerage set a “buy” rating and a $190.00 price target on the financial services provider’s stock. Citigroup’s target price would indicate a potential upside of 24.77% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. Jefferies Financial Group upgraded Capital One Financial from a “hold” rating to a “buy” rating and upped their price target for the stock from $145.00 to $165.00 in a report on Thursday, June 6th. JPMorgan Chase & Co. upped their price target on Capital One Financial from $148.00 to $155.00 and gave the stock a “neutral” rating in a report on Monday, July 8th. Evercore ISI lowered their price target on Capital One Financial from $155.00 to $154.00 and set an “in-line” rating on the stock in a report on Tuesday, June 25th. BTIG Research assumed coverage on Capital One Financial in a report on Friday, June 7th. They issued a “neutral” rating on the stock. Finally, Bank of America upped their price target on Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $147.21.

Capital One Financial Stock Performance

Shares of COF stock opened at $152.28 on Friday. The company has a market cap of $57.90 billion, a price-to-earnings ratio of 11.92, a price-to-earnings-growth ratio of 1.08 and a beta of 1.44. The stock has a 50 day simple moving average of $142.56 and a 200-day simple moving average of $140.90. Capital One Financial has a 12-month low of $88.23 and a 12-month high of $153.36. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.81.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.14). The business had revenue of $9.51 billion for the quarter, compared to analysts’ expectations of $9.57 billion. Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the company posted $3.52 earnings per share. On average, equities analysts forecast that Capital One Financial will post 13.1 EPS for the current year.

Insider Transactions at Capital One Financial

In other news, CEO Kevin S. Borgmann sold 61,532 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the sale, the chief executive officer now owns 40,934 shares in the company, valued at $5,438,491.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Kevin S. Borgmann sold 61,532 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total value of $8,175,141.52. Following the transaction, the chief executive officer now directly owns 40,934 shares of the company’s stock, valued at approximately $5,438,491.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Robert M. Alexander sold 30,742 shares of the stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total value of $4,611,300.00. Following the completion of the transaction, the insider now directly owns 73,734 shares in the company, valued at $11,060,100. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Cantor Fitzgerald Investment Advisors L.P. purchased a new position in Capital One Financial in the fourth quarter valued at about $2,299,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Capital One Financial by 21.4% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 27,493 shares of the financial services provider’s stock valued at $4,093,000 after purchasing an additional 4,840 shares during the period. Twin Tree Management LP raised its position in Capital One Financial by 5.6% in the first quarter. Twin Tree Management LP now owns 68,504 shares of the financial services provider’s stock valued at $10,200,000 after purchasing an additional 3,609 shares during the period. Clear Harbor Asset Management LLC purchased a new position in Capital One Financial in the second quarter valued at about $511,000. Finally, QRG Capital Management Inc. raised its position in Capital One Financial by 3.2% in the second quarter. QRG Capital Management Inc. now owns 122,264 shares of the financial services provider’s stock valued at $16,927,000 after purchasing an additional 3,776 shares during the period. 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.