Capital One Financial (NYSE:COF) Upgraded at HSBC

Capital One Financial (NYSE:COF) was upgraded by research analysts at HSBC from a “reduce” rating to a “hold” rating in a report released on Tuesday,Briefing.com Automated Import reports. The brokerage presently has a $176.00 price target on the financial services provider’s stock. HSBC’s price objective points to a potential downside of 2.43% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. Bank of America downgraded Capital One Financial from a “buy” rating to a “neutral” rating and cut their target price for the stock from $203.00 to $200.00 in a research note on Monday, December 9th. Wells Fargo & Company increased their price objective on Capital One Financial from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. Evercore ISI boosted their target price on shares of Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. raised their price objective on shares of Capital One Financial from $162.00 to $186.00 and gave the company a “neutral” rating in a research note on Monday, December 9th. Finally, 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 research report on Tuesday, November 19th. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $188.06.

Capital One Financial Price Performance

Capital One Financial stock opened at $180.39 on Tuesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.00 and a quick ratio of 1.00. The business has a 50 day simple moving average of $183.26 and a 200-day simple moving average of $159.21. Capital One Financial has a 12 month low of $123.23 and a 12 month high of $198.30. The stock has a market capitalization of $68.77 billion, a PE ratio of 17.03, a price-to-earnings-growth ratio of 1.36 and a beta of 1.46.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.51 EPS for the quarter, topping analysts’ consensus estimates of $3.70 by $0.81. The company had revenue of $10 billion during the quarter, compared to the consensus estimate of $9.88 billion. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. Capital One Financial’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.45 EPS. Equities analysts predict that Capital One Financial will post 13.54 earnings per share for the current year.

Insider Buying and Selling at Capital One Financial

In related news, insider Kara West sold 721 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $184.73, for a total value of $133,190.33. Following the completion of the sale, the insider now directly owns 12,929 shares in the company, valued at approximately $2,388,374.17. The trade was a 5.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Zamsky sold 10,541 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the transaction, the insider now directly owns 26,482 shares in the company, valued at approximately $5,038,465.32. This represents a 28.47 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,007 shares of company stock worth $4,982,647. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of Capital One Financial

Institutional investors and hedge funds have recently made changes to their positions in the company. Catalyst Capital Advisors LLC purchased a new stake in Capital One Financial during the third quarter valued at about $36,000. Creative Financial Designs Inc. ADV grew its holdings in shares of Capital One Financial by 135.0% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 289 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 166 shares during the period. Eastern Bank acquired a new stake in Capital One Financial during the 3rd quarter worth approximately $44,000. Prospera Private Wealth LLC purchased a new position in Capital One Financial in the third quarter valued at approximately $47,000. Finally, Concord Wealth Partners lifted its position in Capital One Financial by 115.3% during the third quarter. Concord Wealth Partners now owns 323 shares of the financial services provider’s stock valued at $48,000 after buying an additional 173 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

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.