Capital One Financial (COF) Price Target Raised to $120.00 at Barclays

Capital One Financial (NYSE:COF) had its target price lifted by Barclays from $105.00 to $120.00 in a research report released on Tuesday morning, Marketbeat reports. The firm currently has an overweight rating on the financial services provider’s stock.

Several other research firms have also recently weighed in on COF. Piper Jaffray Companies upgraded Capital One Financial from an underweight rating to a neutral rating and set a $81.00 price objective for the company in a report on Monday, December 18th. Bank of America upgraded Capital One Financial from a neutral rating to a buy rating and set a $107.00 price objective for the company in a report on Monday, December 18th. Zacks Investment Research cut Capital One Financial from a hold rating to a sell rating in a report on Wednesday, September 20th. Credit Suisse Group reiterated a hold rating and issued a $92.00 price objective on shares of Capital One Financial in a report on Tuesday, December 19th. Finally, Keefe, Bruyette & Woods reiterated a buy rating and issued a $106.00 price objective on shares of Capital One Financial in a report on Friday, September 15th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $100.95.

Capital One Financial (NYSE:COF) opened at $101.43 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $49,170.00, a PE ratio of 14.23, a PEG ratio of 1.36 and a beta of 1.28. Capital One Financial has a 1 year low of $76.05 and a 1 year high of $102.16.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, October 24th. The financial services provider reported $2.42 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.27. The company had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $6.81 billion. Capital One Financial had a return on equity of 8.25% and a net margin of 13.34%. Capital One Financial’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.03 EPS. sell-side analysts anticipate that Capital One Financial will post 7.97 earnings per share for the current fiscal year.

Capital One Financial announced that its board has approved a share buyback program on Tuesday, December 26th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

In related news, insider John G. Finneran, Jr. sold 47,729 shares of Capital One Financial stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $99.23, for a total value of $4,736,148.67. Following the completion of the sale, the insider now owns 144,280 shares of the company’s stock, valued at $14,316,904.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bradford H. Warner sold 3,000 shares of Capital One Financial stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $99.46, for a total value of $298,380.00. Following the completion of the sale, the director now directly owns 53,085 shares of the company’s stock, valued at approximately $5,279,834.10. The disclosure for this sale can be found here. In the last three months, insiders sold 428,921 shares of company stock valued at $41,615,891. Corporate insiders own 1.73% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BB&T Investment Services Inc. purchased a new position in shares of Capital One Financial in the second quarter valued at about $108,000. Seven Eight Capital LP lifted its position in shares of Capital One Financial by 16.7% in the second quarter. Seven Eight Capital LP now owns 1,400 shares of the financial services provider’s stock valued at $116,000 after acquiring an additional 200 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its position in shares of Capital One Financial by 47.1% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,652 shares of the financial services provider’s stock valued at $137,000 after acquiring an additional 529 shares in the last quarter. Westside Investment Management Inc. lifted its position in shares of Capital One Financial by 48.0% in the second quarter. Westside Investment Management Inc. now owns 1,745 shares of the financial services provider’s stock valued at $143,000 after acquiring an additional 566 shares in the last quarter. Finally, Abner Herrman & Brock LLC purchased a new position in shares of Capital One Financial in the fourth quarter valued at about $219,000. Institutional investors own 88.33% of the company’s stock.

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About Capital One Financial

Capital One Financial Corporation is a diversified financial services holding company. The Company, along with its subsidiaries, offers a range of financial products and services to consumers, small businesses and commercial clients through branches, the Internet and other distribution channels. The Company’s segments include Credit Card, Consumer Banking, Commercial Banking and Other.

Analyst Recommendations for Capital One Financial (NYSE:COF)

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