Capital One Financial (NYSE:COF) was upgraded by research analysts at Piper Jaffray Companies from an “underweight” rating to a “neutral” rating in a research report issued to clients and investors on Monday, December 18th, Marketbeat Ratings reports. The firm presently has a $81.00 price objective on the financial services provider’s stock. Piper Jaffray Companies’ price objective would indicate a potential downside of 23.17% from the company’s current price.
Several other equities analysts have also issued reports on the stock. Wedbush set a $95.00 target price on shares of Capital One Financial and gave the company a “hold” rating in a report on Monday, December 11th. Zacks Investment Research lowered shares of Capital One Financial from a “buy” rating to a “hold” rating in a report on Monday, October 30th. BMO Capital Markets boosted their price objective on shares of Capital One Financial from $116.00 to $118.00 and gave the stock an “outperform” rating in a report on Wednesday, October 25th. Bank of America boosted their price objective on shares of Capital One Financial from $89.00 to $91.00 and gave the stock a “neutral” rating in a report on Wednesday, October 25th. Finally, Wells Fargo & Co boosted their price objective on shares of Capital One Financial from $96.00 to $98.00 and gave the stock an “outperform” rating in a report on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $102.14.
Shares of Capital One Financial (COF) traded up $1.01 on Monday, reaching $105.43. 2,298,242 shares of the company’s stock traded hands, compared to its average volume of 2,140,000. Capital One Financial has a twelve month low of $76.05 and a twelve month high of $106.40. The stock has a market capitalization of $51,110.00, a price-to-earnings 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 (NYSE:COF) last released its earnings results on Tuesday, October 24th. The financial services provider reported $2.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $6.99 billion during the quarter, compared to analyst estimates of $6.81 billion. During the same period last year, the business earned $2.03 earnings per share. The business’s revenue was up 8.1% on a year-over-year basis. analysts anticipate that Capital One Financial will post 7.99 earnings per share for the current fiscal year.
Capital One Financial announced that its Board of Directors has initiated a share repurchase plan on Tuesday, December 26th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.
In related news, insider Yajnik Sanjiv sold 156,278 shares of the company’s stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $100.00, for a total value of $15,627,800.00. Following the completion of the transaction, the insider now owns 199,216 shares of the company’s stock, valued at approximately $19,921,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Bradford H. Warner sold 3,000 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $99.46, for a total transaction of $298,380.00. Following the completion of the transaction, the director now directly owns 53,085 shares of the company’s stock, valued at approximately $5,279,834.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 435,282 shares of company stock valued at $42,264,713. Insiders own 1.73% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. BB&T Investment Services Inc. bought a new position in Capital One Financial in the 2nd quarter worth $108,000. Seven Eight Capital LP boosted its holdings in 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 worth $116,000 after buying an additional 200 shares during the period. Bronfman E.L. Rothschild L.P. boosted its holdings in 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 worth $137,000 after buying an additional 529 shares during the period. Westside Investment Management Inc. boosted its holdings in 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 worth $143,000 after buying an additional 566 shares during the period. Finally, Abner Herrman & Brock LLC bought a new position in Capital One Financial in the 4th quarter worth $219,000. 88.33% of the stock is owned by institutional investors.
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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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