JPMorgan Chase & Co. Increases Capital One Financial (NYSE:COF) Price Target to $186.00

Capital One Financial (NYSE:COF) had its price target raised by equities research analysts at JPMorgan Chase & Co. from $162.00 to $186.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target indicates a potential downside of 0.64% from the stock’s previous close.

A number of other research analysts have also recently issued reports on the stock. Citigroup started coverage on shares of Capital One Financial in a research note on Friday, September 20th. They issued a “buy” rating and a $190.00 price objective on the stock. Barclays lifted their price target on Capital One Financial from $154.00 to $158.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Robert W. Baird upped their price objective on Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. The Goldman Sachs Group lifted their target price on Capital One Financial from $182.00 to $205.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Finally, Royal Bank of Canada increased their target price on shares of Capital One Financial from $150.00 to $160.00 and gave the stock a “sector perform” rating in a report on Friday, October 25th. Twelve investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $168.47.

Capital One Financial Price Performance

Shares of NYSE:COF traded down $0.77 during trading on Monday, reaching $187.19. 1,392,857 shares of the company traded hands, compared to its average volume of 2,559,930. The firm has a market capitalization of $71.41 billion, a PE ratio of 17.67, a PEG ratio of 1.37 and a beta of 1.45. Capital One Financial has a 52 week low of $117.13 and a 52 week high of $198.30. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.78. The company’s 50 day moving average is $170.41 and its two-hundred day moving average is $151.15.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data 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. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The business had revenue of $10 billion during the quarter, compared to analysts’ expectations of $9.88 billion. During the same quarter in the prior year, the business posted $4.45 earnings per share. Capital One Financial’s revenue was up 6.8% compared to the same quarter last year. As a group, sell-side analysts predict that Capital One Financial will post 13.54 earnings per share for the current year.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 10,541 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total value of $2,005,530.66. Following the transaction, the insider now directly owns 26,482 shares of the company’s stock, valued at approximately $5,038,465.32. The trade was a 28.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark Daniel Mouadeb sold 1,994 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $162.37, for a total transaction of $323,765.78. Following the sale, the insider now directly owns 19,776 shares of the company’s stock, valued at approximately $3,211,029.12. This trade represents a 9.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,007 shares of company stock worth $4,982,647 over the last ninety days. 1.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of COF. Franklin Resources Inc. raised its holdings in shares of Capital One Financial by 2.8% during the third quarter. Franklin Resources Inc. now owns 10,387,265 shares of the financial services provider’s stock valued at $1,649,488,000 after purchasing an additional 280,462 shares during the period. Tidal Investments LLC raised its stake in Capital One Financial by 10.8% during the 3rd quarter. Tidal Investments LLC now owns 20,482 shares of the financial services provider’s stock worth $3,067,000 after buying an additional 1,994 shares during the period. Destination Wealth Management boosted its holdings in Capital One Financial by 0.6% in the third quarter. Destination Wealth Management now owns 149,405 shares of the financial services provider’s stock worth $22,370,000 after acquiring an additional 876 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Capital One Financial in the third quarter valued at approximately $619,000. Finally, Arvest Bank Trust Division bought a new stake in shares of Capital One Financial during the third quarter valued at approximately $8,310,000. 89.84% of the stock is owned by 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.