Zacks Investment Research Downgrades Capital One Financial (NYSE: COF) to Hold

Capital One Financial (NYSE: COF) was downgraded by Zacks Investment Research from a “buy” rating to a “keep” rating in a report released Friday, Zacks.com reports. They currently have a price target of $ 162.00 on shares of the financial services provider. Zacks Investment Research’s price target suggests a potential rise of 3.99% from the company’s previous close.

According to Zacks, “Capital One stocks have outperformed the industry over the past year. Its profits have exceeded Zacks’ consensus estimate in each of the past four quarters. Its third quarter 2021 results reflect an increase in demand for consumer loans and benefits. Robust card and online banking business, strategic acquisitions (she signed an agreement to buy TripleTree) and a strong balance sheet should continue to support profitability. demand for consumer loans, which will support commission income. However, interest rates close to zero will hamper the growth of margins and, therefore, affect income in the future. In addition, the deterioration in credit quality is a matter of concern. buybacks will hurt results. “

Several other analysts have also recently published reports on the company. Deutsche Bank Aktiengesellschaft raised its target price on Capital One Financial from $ 180.00 to $ 194.00 and gave the stock a “buy” rating in a research note on Wednesday, October 27. BMO Capital Markets raised its price target for the Capital One Financial shares from $ 188.00 to $ 191.00 and assigned the stock a “outperform” rating in a report released on Wednesday, October 27. Barclays raised its price target on Capital One Financial shares from $ 197.00 to $ 205 and rated the stock “overweight” in a report released on Wednesday, October 27. Jefferies Financial Group raised its price target for Capital One Financial shares from $ 180.00 to $ 190.00 and gave the stock a “buy” rating in a report released on Friday, July 23. Finally, Robert W. Baird downgraded Capital One Financial shares from a “neutral” rating to an “underperforming” rating and lowered their target price for the share from $ 175.80 to $ 145.00. in a report released on Monday, August 30. One analyst rated the stock with a sell rating, seven issued a conservation rating, and thirteen assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $ 176.73.

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The COF traded at $ 2.32 in Friday’s session, reaching $ 155.78. The stock had a trading volume of 64,614 shares, compared to its average volume of 3,114,715. The stock has a market cap of $ 69.50 billion, a PE ratio of 5.82, a PEG ratio of 0.23 and a beta of 1.67. The company has a debt ratio of 0.58, a quick ratio of 0.91, and a current ratio of 0.93. Capital One Financial has a one-year minimum of $ 76.20 and a one-year maximum of $ 177.95. The company has a 50-day moving average of $ 162.24 and a 200-day moving average of $ 159.95.

Capital One Financial (NYSE: COF) last reported its results on Tuesday, October 26. The financial services provider reported EPS of $ 6.86 for the quarter, beating the Zacks’ consensus estimate of $ 5.22 by $ 1.64. Capital One Financial posted a return on equity of 19.85% and a net margin of 39.92%. The company posted revenue of $ 7.83 billion for the quarter, compared to $ 7.45 billion expected by analysts. In the same quarter of the previous year, the company made a profit of $ 5.05 per share. The company’s revenue grew 6.1% year-over-year. Equity research analysts predict that Capital One Financial will post 25.42 EPS for the current fiscal year.

In other news from Capital One Financial, insider John G. Finneran, Jr. sold 20,000 shares of the company in a trade on Thursday, September 23. The shares were sold for an average price of $ 165.37, for a total value of $ 3,307,400.00. The transaction was disclosed in a legal file with the Securities & Exchange Commission, which is available at this link. Additionally, insider Robert M. Alexander sold 12,267 shares of the company in a trade on Thursday, August 26. The shares were sold at an average price of $ 174.23, for a total transaction of $ 2,137,279.41. Disclosure of this sale can be found here. Insiders have sold a total of 32,718 shares of the company valued at $ 5,521,349 in the past 90 days. Insiders own 1.31% of the company’s shares.

Hedge funds recently changed their holdings in the company. BlackRock Inc. increased its holdings of Capital One Financial shares by 2.5% in the second quarter. BlackRock Inc. now owns 36,741,415 shares of the financial services provider valued at $ 5,683,530,000 after purchasing an additional 902,651 shares in the last quarter. State Street Corp increased its stake in Capital One Financial by 0.6% during the 2nd quarter. State Street Corp now owns 20,593,200 shares of the financial services provider valued at $ 3,185,562,000 after acquiring an additional 124,873 shares in the last quarter. Bank of America Corp DE increased its stake in Capital One Financial by 27.8% during the 2nd quarter. Bank of America Corp DE now owns 8,148,023 shares of the financial services provider valued at $ 1,260,419,000 after acquiring an additional 1,771,101 shares in the last quarter. Geode Capital Management LLC increased its stake in Capital One Financial by 6.5% during the 2nd quarter. Geode Capital Management LLC now owns 7,476,054 shares of the financial services provider valued at $ 1,153,123,000 after acquiring an additional 453,428 shares during the last quarter. Finally, Factorial Partners LLC increased its stake in Capital One Financial by 11,757.5% in the 1st quarter. Factorial Partners LLC now owns 5,229,153 shares of the financial services provider valued at $ 41,100,000 after acquiring an additional 5,185,053 shares during the last quarter. 88.48% of the shares are currently held by institutional investors.

Capital One Financial Company Profile

Capital One Financial Corp. operates as a financial holding company. The company engages in the provision of financial products and services. It operates in the following segments: Credit Card, Personal Banking and Commercial Banking. The credit card segment provides personal and small business card loans, as well as international card lending activities.

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Analyst Recommendations for Capital One Financial (NYSE: COF)

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