HSBC Upgrades Capital One Financial (NYSE:COF) to "Hold"

Capital One Financial (NYSE:COF) was upgraded by equities researchers at HSBC from a "reduce" rating to a "hold" rating in a research note issued on Tuesday, Marketbeat Ratings reports. The brokerage currently has a $176.00 target price on the financial services provider's stock. HSBC's price target points to a potential downside of 4.67% from the company's previous close.

A number of other brokerages also recently weighed in on COF. Bank of America downgraded shares of Capital One Financial from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $203.00 to $200.00 in a research report on Monday, December 9th. Truist Financial assumed coverage on Capital One Financial in a report on Tuesday, January 7th. They issued a "buy" rating and a $229.00 price objective on the stock. Wells Fargo & Company upped their target price on Capital One Financial from $185.00 to $210.00 and gave the stock an "overweight" rating in a research note on Friday, January 3rd. UBS Group raised shares of Capital One Financial from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $168.00 to $235.00 in a report on Monday. Finally, JPMorgan Chase & Co. increased their price objective on shares of Capital One Financial from $162.00 to $186.00 and gave the company a "neutral" rating in a report on Monday, December 9th. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Capital One Financial presently has an average rating of "Moderate Buy" and a consensus price target of $188.06.

Capital One Financial Stock Performance

NYSE COF traded up $4.29 on Tuesday, reaching $184.62. 3,534,504 shares of the company's stock traded hands, compared to its average volume of 2,870,779. The stock has a 50 day moving average price of $183.63 and a 200-day moving average price of $159.54. The firm has a market cap of $70.38 billion, a price-to-earnings ratio of 17.43, a P/E/G 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 fifty-two week low of $123.23 and a fifty-two week high of $198.30.

Capital One Financial (NYSE:COF - Get Free Report) 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. Equities research analysts predict that Capital One Financial will post 13.54 EPS for the current fiscal year.

Insider Buying and Selling at Capital One Financial

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

Hedge Funds Weigh In On Capital One Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. increased its holdings in Capital One Financial by 2.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 555,597 shares of the financial services provider's stock worth $76,922,000 after purchasing an additional 11,960 shares during the period. Brown Brothers Harriman & Co. increased its stake in shares of Capital One Financial by 25.4% during the second quarter. Brown Brothers Harriman & Co. now owns 9,383 shares of the financial services provider's stock worth $1,299,000 after buying an additional 1,903 shares during the period. Citizens Financial Group Inc. RI raised its holdings in Capital One Financial by 117.7% in the second quarter. Citizens Financial Group Inc. RI now owns 5,370 shares of the financial services provider's stock valued at $744,000 after acquiring an additional 2,903 shares in the last quarter. Lmcg Investments LLC lifted its stake in Capital One Financial by 0.6% in the second quarter. Lmcg Investments LLC now owns 99,457 shares of the financial services provider's stock worth $13,770,000 after acquiring an additional 569 shares during the last quarter. Finally, Axxcess Wealth Management LLC grew its holdings in Capital One Financial by 3.7% during the 2nd quarter. Axxcess Wealth Management LLC now owns 5,048 shares of the financial services provider's stock worth $699,000 after acquiring an additional 179 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company's stock.

Capital One Financial Company Profile

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.