Capital One Financial (NYSE:COF) Cut to “Neutral” at Bank of America

Capital One Financial (NYSE:COF) was downgraded by investment analysts at Bank of America from a “buy” rating to a “neutral” rating in a research note issued to investors on Monday,Briefing.com Automated Import reports. They presently have a $200.00 target price on the financial services provider’s stock, down from their prior target price of $203.00. Bank of America‘s target price would suggest a potential upside of 6.41% from the company’s current price.

Several other equities research analysts also recently issued reports on the company. Royal Bank of Canada increased their price target on Capital One Financial from $150.00 to $160.00 and gave the stock a “sector perform” rating in a report on Friday, October 25th. 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 target on the stock. Barclays increased their price objective on shares of Capital One Financial from $154.00 to $158.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Evercore ISI lifted their target price on Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group raised their price target on Capital One Financial from $182.00 to $205.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Twelve investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $162.47.

Capital One Financial Stock Performance

Shares of Capital One Financial stock opened at $187.96 on Monday. Capital One Financial has a 52 week low of $113.42 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 stock has a market capitalization of $71.71 billion, a price-to-earnings ratio of 17.75, a PEG ratio of 1.37 and a beta of 1.45. The firm has a fifty day moving average of $170.41 and a two-hundred day moving average of $151.15.

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, beating the consensus estimate of $3.70 by $0.81. The firm had revenue of $10 billion for the quarter, compared to analyst estimates of $9.88 billion. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.45 earnings per share. As a group, equities research analysts predict that Capital One Financial will post 13.54 EPS for the current year.

Insider Transactions at Capital One Financial

In other news, insider Mark Daniel Mouadeb sold 1,994 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now owns 19,776 shares of the company’s stock, valued at approximately $3,211,029.12. The trade was a 9.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Frank G. LapradeIii sold 15,751 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $160.00, for a total transaction of $2,520,160.00. Following the completion of the sale, the insider now owns 44,711 shares in the company, valued at approximately $7,153,760. The trade was a 26.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,007 shares of company stock valued at $4,982,647. 1.30% of the stock is currently owned by company insiders.

Institutional Trading of Capital One Financial

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

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.