Capital One Financial (NYSE:COF) Upgraded by Hsbc Global Res to “Hold” Rating

Capital One Financial (NYSE:COF) was upgraded by research analysts at Hsbc Global Res from a “moderate sell” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other equities analysts have also recently issued reports on COF. HSBC upgraded shares of Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 target price for the company in a research note on Tuesday. The Goldman Sachs Group upped their price objective 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. Evercore ISI raised their target price on Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. UBS Group upgraded Capital One Financial from a “neutral” rating to a “buy” rating and lifted their price target for the company from $168.00 to $235.00 in a research note on Monday. Finally, Bank of America downgraded Capital One Financial from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $203.00 to $200.00 in a research report on Monday, December 9th. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $188.06.

Capital One Financial Price Performance

NYSE:COF opened at $184.62 on Tuesday. The firm’s fifty day moving average is $183.63 and its two-hundred day moving average is $159.54. The firm has a market cap of $70.38 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 1.36 and a beta of 1.46. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.00 and a current ratio of 1.00. Capital One Financial has a one year low of $123.23 and a one year high of $198.30.

Capital One Financial (NYSE:COF) last issued its earnings results 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. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The firm had revenue of $10 billion for the quarter, compared to the consensus estimate of $9.88 billion. During the same quarter in the prior year, the business earned $4.45 earnings per share. The company’s revenue was up 6.8% compared to the same quarter last year. Research analysts expect that Capital One Financial will post 13.54 EPS for the current year.

Insiders Place Their Bets

In related news, insider Michael Zamsky sold 10,541 shares of Capital One Financial 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 owns 26,482 shares in the company, valued at approximately $5,038,465.32. This trade represents a 28.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Mark Daniel Mouadeb sold 1,994 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $162.37, for a total value of $323,765.78. Following the completion of the sale, the insider now owns 19,776 shares of the company’s stock, valued at approximately $3,211,029.12. The trade was a 9.16 % 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 currently owned by corporate insiders.

Hedge Funds Weigh In On Capital One Financial

A number of institutional investors have recently bought and sold shares of COF. USA Financial Formulas acquired a new stake in shares of Capital One Financial during the 4th quarter worth approximately $242,000. Meridian Financial Partners LLC increased its stake in Capital One Financial by 1.6% during the fourth quarter. Meridian Financial Partners LLC now owns 5,547 shares of the financial services provider’s stock worth $989,000 after acquiring an additional 88 shares during the last quarter. Park Avenue Securities LLC increased its stake in Capital One Financial by 20.0% during the fourth quarter. Park Avenue Securities LLC now owns 24,679 shares of the financial services provider’s stock worth $4,401,000 after acquiring an additional 4,119 shares during the last quarter. Kathmere Capital Management LLC lifted its stake in shares of Capital One Financial by 5.4% in the 4th quarter. Kathmere Capital Management LLC now owns 3,525 shares of the financial services provider’s stock valued at $629,000 after purchasing an additional 182 shares during the last quarter. Finally, Rockland Trust Co. acquired a new position in shares of Capital One Financial in the 4th quarter valued at $387,000. 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.