Oppenheimer Holdings, Inc. Reiterates “Hold” Rating for Capital One Financial Corporation (NYSE:COF)

Oppenheimer Holdings, Inc. reissued their hold rating on shares of Capital One Financial Corporation (NYSE:COF) in a report released on Tuesday, October 24th. Oppenheimer Holdings also issued estimates for Capital One Financial Corporation’s Q4 2017 earnings at $1.91 EPS, FY2017 earnings at $8.04 EPS and FY2018 earnings at $8.46 EPS.

A number of other brokerages have also recently commented on COF. BMO Capital Markets reiterated a buy rating and set a $116.00 price target on shares of Capital One Financial Corporation in a research report on Friday, October 6th. Wedbush cut shares of Capital One Financial Corporation from a neutral rating to an underperform rating and cut their price target for the company from $94.00 to $80.00 in a report on Wednesday, July 5th. Wells Fargo & Company began coverage on shares of Capital One Financial Corporation in a report on Tuesday, October 10th. They issued an outperform rating and a $96.00 price target on the stock. Compass Point began coverage on shares of Capital One Financial Corporation in a report on Thursday, August 10th. They issued a neutral rating and a $90.00 price target on the stock. Finally, Piper Jaffray Companies started coverage on shares of Capital One Financial Corporation in a report on Thursday, September 21st. They issued an underweight rating and a $81.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Capital One Financial Corporation currently has an average rating of Hold and an average target price of $95.00.

Shares of Capital One Financial Corporation (NYSE COF) opened at $87.15 on Tuesday. The company has a market cap of $42,245.44, a PE ratio of 11.50, a price-to-earnings-growth ratio of 1.30 and a beta of 1.30. Capital One Financial Corporation has a fifty-two week low of $76.05 and a fifty-two week high of $96.92. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 1.17.

Capital One Financial Corporation (NYSE:COF) last released its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $2.42 EPS for the quarter, beating 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 business had revenue of $6.99 billion for the quarter, compared to the consensus estimate of $6.81 billion. During the same period in the prior year, the firm earned $2.03 earnings per share. The company’s revenue was up 8.1% compared to the same quarter last year. equities research analysts anticipate that Capital One Financial Corporation will post 7.94 EPS for the current year.

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The firm also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Monday, November 13th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.84%. Capital One Financial Corporation’s dividend payout ratio is presently 22.63%.

In related news, Director Mayo A. Shattuck III sold 24,167 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $92.71, for a total value of $2,240,522.57. Following the transaction, the director now directly owns 59,613 shares of the company’s stock, valued at approximately $5,526,721.23. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Michael Slocum sold 8,292 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $91.99, for a total value of $762,781.08. Following the completion of the transaction, the insider now directly owns 53,613 shares in the company, valued at $4,931,859.87. The disclosure for this sale can be found here. Over the last three months, insiders sold 43,514 shares of company stock worth $4,011,299. 1.73% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Guardian Life Insurance Co. of America raised its holdings in shares of Capital One Financial Corporation by 0.6% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,860 shares of the financial services provider’s stock worth $161,000 after acquiring an additional 11 shares in the last quarter. Savant Capital LLC raised its holdings in shares of Capital One Financial Corporation by 0.9% during the 2nd quarter. Savant Capital LLC now owns 3,213 shares of the financial services provider’s stock worth $265,000 after acquiring an additional 28 shares in the last quarter. ARGA Investment Management LP raised its holdings in shares of Capital One Financial Corporation by 0.3% during the 2nd quarter. ARGA Investment Management LP now owns 11,002 shares of the financial services provider’s stock worth $909,000 after acquiring an additional 32 shares in the last quarter. Linscomb & Williams Inc. raised its holdings in shares of Capital One Financial Corporation by 1.1% during the 2nd quarter. Linscomb & Williams Inc. now owns 2,953 shares of the financial services provider’s stock worth $244,000 after acquiring an additional 33 shares in the last quarter. Finally, Union Bankshares Corp raised its holdings in shares of Capital One Financial Corporation by 1.0% during the 2nd quarter. Union Bankshares Corp now owns 8,814 shares of the financial services provider’s stock worth $728,000 after acquiring an additional 86 shares in the last quarter. 87.40% of the stock is currently owned by institutional investors and hedge funds.

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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