Capital One Financial Corporation (COF) Upgraded at Wedbush

Wedbush upgraded shares of Capital One Financial Corporation (NYSE:COF) from an underperform rating to a neutral rating in a research report released on Wednesday, October 25th, Marketbeat Ratings reports. Wedbush currently has $80.00 target price on the financial services provider’s stock. Wedbush also issued estimates for Capital One Financial Corporation’s Q4 2017 earnings at $1.87 EPS, FY2017 earnings at $8.00 EPS, Q1 2018 earnings at $2.13 EPS, Q2 2018 earnings at $2.24 EPS, Q3 2018 earnings at $1.97 EPS, Q4 2018 earnings at $2.00 EPS and FY2018 earnings at $8.35 EPS.

A number of other equities research analysts have also recently weighed in on COF. Compass Point assumed coverage on shares of Capital One Financial Corporation in a research report on Thursday, August 10th. They set a neutral rating and a $90.00 price target for the company. Keefe, Bruyette & Woods set a $106.00 price target on shares of Capital One Financial Corporation and gave the company a buy rating in a research report on Tuesday, August 15th. Zacks Investment Research upgraded shares of Capital One Financial Corporation from a sell rating to a hold rating in a research report on Thursday, July 27th. BidaskClub cut shares of Capital One Financial Corporation from a hold rating to a sell rating in a research report on Wednesday, July 12th. Finally, Buckingham Research assumed coverage on shares of Capital One Financial Corporation in a research report on Monday, October 2nd. They set a buy rating and a $99.00 price target for the company. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $95.00.

Shares of Capital One Financial Corporation (COF) opened at $87.15 on Wednesday. Capital One Financial Corporation has a 12-month low of $76.05 and a 12-month high of $96.92. The stock has a market cap of $42,245.44, a PE ratio of 11.50, a P/E/G ratio of 1.30 and a beta of 1.30. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.06 and a current ratio of 1.07.

Capital One Financial Corporation (NYSE:COF) last released its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $2.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.15 by $0.27. Capital One Financial Corporation had a net margin of 13.34% and a return on equity of 8.25%. The firm had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $6.81 billion. During the same period last year, the business earned $2.03 earnings per share. Capital One Financial Corporation’s revenue was up 8.1% compared to the same quarter last year. analysts predict that Capital One Financial Corporation will post 7.94 EPS for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Monday, November 13th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, November 10th. This represents a $1.60 annualized dividend and a dividend yield of 1.84%. Capital One Financial Corporation’s dividend payout ratio is presently 22.63%.

In related news, insider Michael Slocum sold 8,292 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $91.99, for a total value of $762,781.08. Following the completion of the sale, the insider now owns 53,613 shares in the company, valued at approximately $4,931,859.87. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Ann F. Hackett sold 11,055 shares of the company’s stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $91.18, for a total transaction of $1,007,994.90. Following the completion of the sale, the director now owns 69,066 shares of the company’s stock, valued at approximately $6,297,437.88. The disclosure for this sale can be found here. Insiders have sold a total of 43,514 shares of company stock valued at $4,011,299 in the last 90 days. Insiders own 1.73% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. BB&T Investment Services Inc. purchased a new stake in Capital One Financial Corporation in the 2nd quarter valued at $108,000. Seven Eight Capital LP raised its position in Capital One Financial Corporation by 16.7% in the 2nd quarter. Seven Eight Capital LP now owns 1,400 shares of the financial services provider’s stock valued at $116,000 after purchasing an additional 200 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its position in Capital One Financial Corporation by 47.1% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,652 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 529 shares during the last quarter. Westside Investment Management Inc. raised its position in Capital One Financial Corporation by 48.0% in the 2nd quarter. Westside Investment Management Inc. now owns 1,745 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 566 shares during the last quarter. Finally, Guardian Life Insurance Co. of America raised its position in Capital One Financial Corporation by 0.6% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,860 shares of the financial services provider’s stock valued at $161,000 after purchasing an additional 11 shares during the last quarter. Hedge funds and other institutional investors own 87.40% of the company’s stock.

About Capital One Financial Corporation

Capital One Financial Corporation is a diversified financial services holding company. The Company, along with its subsidiaries, offers a range of financial products and services to consumers, small businesses and commercial clients through branches, the Internet and other distribution channels. The Company’s segments include Credit Card, Consumer Banking, Commercial Banking and Other.

Analyst Recommendations for Capital One Financial Corporation (NYSE:COF)

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