Capital One Financial (NYSE:COF) Rating Increased to Buy at BTIG Research

Capital One Financial (NYSE:COF) was upgraded by BTIG Research from a “neutral” rating to a “buy” rating in a research note issued to investors on Tuesday, MarketBeat.com reports. The firm currently has a $208.00 price objective on the financial services provider’s stock. BTIG Research’s price target points to a potential upside of 14.73% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on the company. Barclays lifted their target price on Capital One Financial from $219.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Hsbc Global Res raised Capital One Financial from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 14th. Robert W. Baird upgraded shares of Capital One Financial from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $190.00 to $200.00 in a research report on Tuesday, March 11th. Argus raised shares of Capital One Financial to a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods upped their target price on shares of Capital One Financial from $185.00 to $232.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Four analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $206.63.

Capital One Financial Trading Up 3.7 %

Shares of COF opened at $181.29 on Tuesday. The firm has a market cap of $69.13 billion, a P/E ratio of 15.64, a price-to-earnings-growth ratio of 1.19 and a beta of 1.47. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98. Capital One Financial has a 1 year low of $128.23 and a 1 year high of $210.67. The company has a 50 day simple moving average of $191.52 and a two-hundred day simple moving average of $176.81.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.31. The company had revenue of $10.19 billion during the quarter, compared to analysts’ expectations of $10.22 billion. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. Capital One Financial’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period last year, the company posted $2.81 earnings per share. On average, equities analysts expect that Capital One Financial will post 15.65 earnings per share for the current fiscal year.

Institutional Trading of Capital One Financial

Large investors have recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its position in Capital One Financial by 4.3% in the 3rd quarter. Principal Financial Group Inc. now owns 430,654 shares of the financial services provider’s stock valued at $64,482,000 after buying an additional 17,825 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Capital One Financial by 4.5% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 46,174 shares of the financial services provider’s stock worth $8,234,000 after purchasing an additional 2,006 shares in the last quarter. Dai ichi Life Insurance Company Ltd increased its holdings in Capital One Financial by 36.8% during the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 11,162 shares of the financial services provider’s stock worth $1,671,000 after purchasing an additional 3,000 shares during the period. Artemis Investment Management LLP bought a new stake in Capital One Financial during the 4th quarter valued at $46,915,000. Finally, DRW Securities LLC lifted its holdings in shares of Capital One Financial by 207.5% in the 3rd quarter. DRW Securities LLC now owns 9,606 shares of the financial services provider’s stock worth $1,438,000 after buying an additional 6,482 shares during the period. 89.84% of the stock is owned by hedge funds and other 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.