14 Best S&P 500 Stocks to Buy Now

12. Capital One Financial Corporation (NYSE:COF)

Number of Hedge Fund Holders: 129

Capital One Financial Corporation (NYSE:COF) is among the 14 Best S&P 500 Stocks to Buy Now. On December 15, BofA Securities raised its price target on the stock to $268 from $248 while maintaining a Buy rating.

The revision comes after the bank holding company released credit metrics for November, which reflect continued strong performance throughout the latter half of the year.

Earlier in the day, TD Cowen analyst Moshe Orenbuch also reiterated a Buy rating on the stock with a share price target of $261.

These updates follow Wolfe Research’s initiation of coverage on the stock on December 8, with an Outperform rating and a share price target of $270, citing the company’s higher returns.

Wolfe analyst Darrin Peller told investors that if the bank continues to bolster its returns and earnings, it should command a higher multiple than in the past.

As of the close of business on December 17, Wall Street analysts have a consensus Moderate Buy rating on Capital One Financial Corporation (NYSE:COF), with a one-year average share price target of $260.17, implying a 9% upside.

Capital One Financial Corporation (NYSE:COF) is the holding company for Capital One Bank. It provides a range of financial products and services to customers, businesses, and other clients across multiple channels.