Capital One Financial Corp. (NYSE:COF) insider John G. Finneran, Jr. sold 47,729 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $99.23, for a total transaction of $4,736,148.67. Following the completion of the transaction, the insider now directly owns 144,280 shares in the company, valued at $14,316,904.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Capital One Financial Corp. (NYSE:COF) traded up $1.01 during trading hours on Friday, hitting $105.43. 2,298,242 shares of the stock traded hands, compared to its average volume of 2,140,000. The firm has a market cap of $51,110.00, a PE ratio of 14.79, a PEG ratio of 1.38 and a beta of 1.28. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 1.17. Capital One Financial Corp. has a one year low of $76.05 and a one year high of $106.40.
Capital One Financial (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 Zacks’ consensus estimate of $2.15 by $0.27. The business had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $6.81 billion. Capital One Financial had a net margin of 13.34% and a return on equity of 8.25%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.03 EPS. sell-side analysts forecast that Capital One Financial Corp. will post 7.99 EPS for the current fiscal year.
Capital One Financial declared that its Board of Directors has initiated a stock buyback plan on Tuesday, December 26th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.
Hedge funds and other institutional investors have recently made changes to their positions in the business. BB&T Investment Services Inc. acquired a new position in Capital One Financial in the 2nd quarter valued at approximately $108,000. Seven Eight Capital LP boosted its stake in shares of Capital One Financial 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. boosted its stake in shares of Capital One Financial 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. Archford Capital Strategies LLC boosted its stake in shares of Capital One Financial by 8,078.3% in the 2nd quarter. Archford Capital Strategies LLC now owns 4,907 shares of the financial services provider’s stock valued at $140,000 after purchasing an additional 4,847 shares during the last quarter. Finally, Westside Investment Management Inc. boosted its stake in shares of Capital One Financial 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. Hedge funds and other institutional investors own 88.33% of the company’s stock.
A number of equities analysts have recently weighed in on COF shares. Zacks Investment Research raised shares of Capital One Financial from a “hold” rating to a “buy” rating and set a $111.00 price target on the stock in a research report on Thursday, January 4th. Barclays raised their price objective on shares of Capital One Financial from $105.00 to $120.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. BMO Capital Markets restated a “buy” rating and set a $116.00 price objective on shares of Capital One Financial in a report on Friday, October 6th. Wells Fargo & Co restated an “outperform” rating and set a $112.00 price objective (up from $102.00) on shares of Capital One Financial in a report on Tuesday. Finally, Compass Point upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $99.52 to $122.00 in a report on Friday, December 22nd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $102.14.
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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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