Capital One Financial (NYSE:COF) was upgraded by equities research analysts at Compass Point from a “neutral” rating to a “buy” rating in a report issued on Friday, December 22nd, Marketbeat.com reports. The brokerage currently has a $122.00 price target on the financial services provider’s stock, up from their prior price target of $99.52. Compass Point’s target price would suggest a potential upside of 15.72% from the stock’s previous close.
COF has been the topic of a number of other research reports. Zacks Investment Research upgraded Capital One Financial from a “sell” rating to a “hold” rating in a research report on Monday, October 9th. BMO Capital Markets restated a “buy” rating and issued a $116.00 price target on shares of Capital One Financial in a research report on Friday, October 6th. Bank of America upgraded Capital One Financial from a “neutral” rating to a “buy” rating and set a $107.00 price target on the stock in a research report on Monday, December 18th. Piper Jaffray Companies started coverage on Capital One Financial in a research report on Thursday, September 21st. They issued an “underweight” rating and a $81.00 price target on the stock. Finally, Wedbush set a $95.00 price target on Capital One Financial and gave the company a “hold” rating in a research report on Monday, December 11th. Two research 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. Capital One Financial presently has an average rating of “Hold” and a consensus price target of $102.14.
Capital One Financial (NYSE COF) traded up $1.01 on Friday, hitting $105.43. The stock had a trading volume of 2,298,242 shares, compared to its average volume of 2,140,000. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.07 and a quick ratio of 1.06. Capital One Financial has a twelve month low of $76.05 and a twelve month high of $106.40. The firm has a market capitalization of $51,110.00, a PE ratio of 14.79, a P/E/G ratio of 1.38 and a beta of 1.28.
Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, October 24th. The financial services provider reported $2.42 EPS for the quarter, topping the Zacks’ consensus estimate of $2.15 by $0.27. Capital One Financial had a return on equity of 8.25% and a net margin of 13.34%. The business had revenue of $6.99 billion for the quarter, compared to analysts’ expectations of $6.81 billion. During the same quarter in the previous year, the firm earned $2.03 earnings per share. The business’s revenue was up 8.1% compared to the same quarter last year. equities research analysts forecast that Capital One Financial will post 7.99 earnings per share for the current fiscal year.
Capital One Financial declared that its board has initiated a stock buyback program on Tuesday, December 26th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its stock is undervalued.
In other news, Director Ann F. Hackett sold 11,055 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $91.18, for a total transaction of $1,007,994.90. Following the sale, the director now owns 69,066 shares of the company’s stock, valued at approximately $6,297,437.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ann F. Hackett sold 6,361 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $102.00, for a total value of $648,822.00. Following the sale, the director now directly owns 64,372 shares in the company, valued at approximately $6,565,944. The disclosure for this sale can be found here. Insiders have sold a total of 435,282 shares of company stock worth $42,264,713 in the last quarter. 1.73% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the company. BB&T Investment Services Inc. purchased a new stake in shares of Capital One Financial during the 2nd quarter worth approximately $108,000. Seven Eight Capital LP boosted its stake in shares of Capital One Financial by 16.7% during the 2nd quarter. Seven Eight Capital LP now owns 1,400 shares of the financial services provider’s stock worth $116,000 after acquiring an additional 200 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Capital One Financial by 47.1% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,652 shares of the financial services provider’s stock worth $137,000 after acquiring an additional 529 shares in the last quarter. Archford Capital Strategies LLC boosted its stake in shares of Capital One Financial by 8,078.3% during the 2nd quarter. Archford Capital Strategies LLC now owns 4,907 shares of the financial services provider’s stock worth $140,000 after acquiring an additional 4,847 shares in the last quarter. Finally, Westside Investment Management Inc. boosted its stake in shares of Capital One Financial by 48.0% during the 2nd quarter. Westside Investment Management Inc. now owns 1,745 shares of the financial services provider’s stock worth $143,000 after acquiring an additional 566 shares in the last quarter. 88.33% of the stock is currently owned by institutional investors and hedge funds.
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Capital One Financial Company Profile
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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