Stock analysts at Deutsche Bank started coverage on shares of Capital One Financial (NYSE:COF) in a research note issued on Tuesday, January 2nd, MarketBeat Ratings reports. The firm set a “hold” rating and a $110.00 price target on the financial services provider’s stock. Deutsche Bank’s price target points to a potential upside of 4.33% from the company’s current price.
A number of other research analysts also recently weighed in on COF. Barclays increased their target price on shares of Capital One Financial from $105.00 to $120.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Credit Suisse Group reissued a “neutral” rating on shares of Capital One Financial in a research report on Wednesday, December 27th. Zacks Investment Research raised shares of Capital One Financial from a “hold” rating to a “buy” rating and set a $111.00 target price for the company in a research report on Tuesday, December 26th. Compass Point raised shares of Capital One Financial from a “neutral” rating to a “buy” rating and increased their target price for the company from $99.52 to $122.00 in a research report on Friday, December 22nd. Finally, Bank of America raised shares of Capital One Financial from a “neutral” rating to a “buy” rating and set a $107.00 target price for the company in a research report on Monday, December 18th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $102.14.
Capital One Financial (NYSE COF) traded up $1.01 on Tuesday, hitting $105.43. 2,298,242 shares of the company were exchanged, compared to its average volume of 2,140,000. Capital One Financial has a 12 month low of $76.05 and a 12 month high of $106.40. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 1.17. The firm has a market cap of $51,110.00, a price-to-earnings ratio of 14.79, a PEG ratio of 1.38 and a beta of 1.28.
Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $2.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.15 by $0.27. Capital One Financial had a net margin of 13.34% and a return on equity of 8.25%. The business had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $6.81 billion. During the same period in the prior year, the firm posted $2.03 EPS. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. sell-side analysts predict that Capital One Financial will post 7.99 earnings per share for the current fiscal year.
Capital One Financial announced that its board has authorized a stock buyback plan on Tuesday, December 26th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.
In related news, Director Bradford H. Warner sold 3,000 shares of Capital One Financial stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $99.46, for a total value of $298,380.00. Following the transaction, the director now owns 53,085 shares in the company, valued at approximately $5,279,834.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Yajnik Sanjiv sold 156,278 shares of Capital One Financial stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $100.00, for a total transaction of $15,627,800.00. Following the completion of the transaction, the insider now owns 199,216 shares in the company, valued at approximately $19,921,600. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 435,282 shares of company stock worth $42,264,713. Corporate insiders own 1.73% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. Hexavest Inc. grew its holdings in Capital One Financial by 2.3% in the 4th quarter. Hexavest Inc. now owns 558,038 shares of the financial services provider’s stock worth $55,569,000 after acquiring an additional 12,442 shares during the last quarter. Acropolis Investment Management LLC grew its holdings in Capital One Financial by 69.1% in the 4th quarter. Acropolis Investment Management LLC now owns 15,118 shares of the financial services provider’s stock worth $1,505,000 after acquiring an additional 6,176 shares during the last quarter. Harvest Capital Management Inc bought a new stake in Capital One Financial in the 4th quarter worth $224,000. DnB Asset Management AS grew its holdings in Capital One Financial by 1.4% in the 4th quarter. DnB Asset Management AS now owns 52,038 shares of the financial services provider’s stock worth $5,182,000 after acquiring an additional 700 shares during the last quarter. Finally, Abner Herrman & Brock LLC bought a new stake in Capital One Financial in the 4th quarter worth $219,000. Institutional investors own 88.33% of the company’s stock.
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About Capital One Financial
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.
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