Capital One Financial (NYSE:COF) Now Covered by Truist Financial

Research analysts at Truist Financial started coverage on shares of Capital One Financial (NYSE:COF) in a report issued on Tuesday,Benzinga reports. The firm set a “buy” rating and a $229.00 price target on the financial services provider’s stock. Truist Financial’s price objective points to a potential upside of 24.88% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. Evercore ISI lifted their price target on shares of Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Citigroup began coverage on shares of Capital One Financial in a report on Friday, September 20th. They issued a “buy” rating and a $190.00 target price for the company. The Goldman Sachs Group upped their target price on shares of Capital One Financial from $182.00 to $205.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Barclays raised shares of Capital One Financial from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $158.00 to $219.00 in a report on Monday. Finally, Wells Fargo & Company upped their target price on shares of Capital One Financial from $185.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday. Ten research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $181.12.

Capital One Financial Trading Up 1.6 %

Shares of COF stock opened at $183.38 on Tuesday. The firm’s 50 day moving average is $181.68 and its 200 day moving average is $157.69. The stock has a market capitalization of $69.96 billion, a P/E ratio of 17.32, a P/E/G ratio of 1.36 and a beta of 1.46. Capital One Financial has a 12-month low of $123.23 and a 12-month high of $198.30. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.78.

Capital One Financial (NYSE:COF) last issued its quarterly 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 for the quarter, compared to analysts’ expectations of $9.88 billion. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The company’s revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the company posted $4.45 EPS. Research analysts expect that Capital One Financial will post 13.54 earnings per share for the current year.

Insider Buying and Selling

In other Capital One Financial news, insider Frank G. LapradeIii sold 15,751 shares of the company’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $160.00, for a total value of $2,520,160.00. Following the transaction, the insider now directly owns 44,711 shares in the company, valued at $7,153,760. This represents a 26.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kara West sold 721 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $184.73, for a total transaction of $133,190.33. Following the completion of the transaction, the insider now owns 12,929 shares in the company, valued at $2,388,374.17. This represents a 5.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,007 shares of company stock valued at $4,982,647 in the last ninety days. 1.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Capital One Financial

Hedge funds and other institutional investors have recently modified their holdings of the business. Y.D. More Investments Ltd bought a new position in shares of Capital One Financial during the second quarter valued at approximately $28,000. Catalyst Capital Advisors LLC bought a new position in shares of Capital One Financial during the third quarter valued at approximately $36,000. Strategic Financial Concepts LLC bought a new position in shares of Capital One Financial during the second quarter valued at approximately $42,000. Creative Financial Designs Inc. ADV boosted its stake in shares of Capital One Financial by 135.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 289 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 166 shares in the last quarter. Finally, Eastern Bank purchased a new stake in Capital One Financial during the third quarter valued at approximately $44,000. 89.84% of the stock is currently owned by institutional investors.

About Capital One Financial

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.