Capital One Financial Corp (NYSE:COF) Upgrade of Rating

In a report released on Friday morning, research analysts at JP Morgan’s equity research division raised Capital One Financial Corp (NYSE:COF)’s stock from “Neutral” to “Overweight”. They have a target price per share of $83.00 on COF or 19.75 % more upside.

Out of 23 brokers covering Capital One Financial Corp., 13 rate it a Buy, 16 indicate a Hold while 0 suggest a Sell. The highest target is $108 and the lowest is $67 according to Thomson/First Call. The 12-month mean target is $81.91, which means upside potential of 15.68% over the current price.

NYSE:COF Price Chart & Trend

The stock price of Capital One Financial Corp. went down 18.81% over the last 200 days, and is in strong down trend. In the last 50 and 100 days, Capital One Financial Corp. is up 16.52% and down 11%, respectively. Our stocks momentum model is shown on the price chart below.

Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models

Institutional Ownership

Alethea Capital Management Llc had the largest stake with ownership of 181,229 shares as of q2 2015 for 24.49% of the US equity exposure. Horseman Capital Management Ltd is another bullish investment professional who is owning 636,200 shares of Capital One Financial Corp. or 14.4% of their US equity exposure. Also, Seminole Management Co. Inc. have 9.49% of their US equity exposure invested in the company for 2.67 million shares. The United Kingdom-based fund Artemis Investment Management Llp disclosed it had acquired a stake worth about 5.82% of the investment professional’s stock portfolio in Capital One Financial Corp.. The New York-based fund Central Securities Corp is also positive about the stock, possessing 2.04 million shares or 5.73% of their US equity exposure.Over the last 6 months, Capital One Financial Corp. NYSE:COF has seen 0 buys, and 2 insider selling transactions. The net result was for 2 transactions, worth $585,890.

Capital One Financial Corp (NYSE:COF) Profile

Capital One Financial Corp is a diversified financial services holding company. The Company and its subsidiaries offer a range of financial products and services to consumers, small businesses and commercial clients through branches, the Internet and other distribution channels. In addition to bank lending, treasury management and depository services, the Company offers credit and debit card products, auto loans and mortgage banking in markets across the United States.

Capital One Financial Corp (NYSE:COF) traded up 2.16% on 1 April, hitting $70.81. A total of 2.89 million shares of the company’s stock traded hands. This is up from average of 2.88 million shares. Capital One Financial Corp. has a 52 week low of $58.49 and a 52 week high of $92.1. The company has a market cap of $37.55 billion and a P/E ratio of 10.13.

Get the latest Capital One Financial Corp (NYSE:COF) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post JP Morgan Ups Capital One Financial Corp (NYSE:COF) Rating to “Overweight” from “Neutral” With $83.00 Target appeared first on Octafinance.