Capital One Financial Corp. (NYSE:COF) insider John G. Finneran, Jr. sold 47,729 shares of Capital One Financial stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $99.23, for a total value of $4,736,148.67. Following the completion of the transaction, the insider now owns 144,280 shares of the company’s stock, valued at approximately $14,316,904.40. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Capital One Financial Corp. (COF) traded up $0.64 during mid-day trading on Friday, hitting $104.90. The stock had a trading volume of 2,970,377 shares, compared to its average volume of 2,250,000. The company has a quick ratio of 1.06, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. Capital One Financial Corp. has a twelve month low of $76.05 and a twelve month high of $106.50. The stock has a market capitalization of $50,850.00, a P/E ratio of 27.82, a price-to-earnings-growth ratio of 0.97 and a beta of 1.28.
Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, January 23rd. The financial services provider reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.23). Capital One Financial had a net margin of 6.89% and a return on equity of 8.36%. The firm had revenue of $7 billion during the quarter, compared to analysts’ expectations of $7.12 billion. During the same quarter last year, the firm earned $1.45 EPS. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. analysts anticipate that Capital One Financial Corp. will post 9.51 EPS for the current fiscal year.
Capital One Financial announced that its Board of Directors has authorized a share repurchase program on Tuesday, December 26th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.
Several large investors have recently made changes to their positions in the business. Capital World Investors lifted its position in shares of Capital One Financial by 2.3% in the second quarter. Capital World Investors now owns 38,396,005 shares of the financial services provider’s stock worth $3,172,278,000 after buying an additional 849,047 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Capital One Financial by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 31,789,748 shares of the financial services provider’s stock worth $2,626,469,000 after purchasing an additional 335,574 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Capital One Financial by 2.4% during the 2nd quarter. Franklin Resources Inc. now owns 13,739,126 shares of the financial services provider’s stock worth $1,135,064,000 after purchasing an additional 322,243 shares during the last quarter. Davis Selected Advisers lifted its position in shares of Capital One Financial by 43.7% during the 3rd quarter. Davis Selected Advisers now owns 11,581,237 shares of the financial services provider’s stock worth $980,149,000 after purchasing an additional 3,519,332 shares during the last quarter. Finally, Harris Associates L P lifted its position in shares of Capital One Financial by 7.9% during the 2nd quarter. Harris Associates L P now owns 8,063,205 shares of the financial services provider’s stock worth $666,182,000 after purchasing an additional 588,664 shares during the last quarter. 88.52% of the stock is owned by institutional investors.
Several analysts recently issued reports on the company. Piper Jaffray Companies raised Capital One Financial from an “underweight” rating to a “neutral” rating and set a $81.00 price target on the stock in a report on Monday, December 18th. Bank of America raised Capital One Financial from a “neutral” rating to a “buy” rating and set a $107.00 price target on the stock in a report on Monday, December 18th. Barclays raised their price target on Capital One Financial from $105.00 to $120.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Wedbush set a $95.00 target price on Capital One Financial and gave the company a “hold” rating in a research note on Monday, December 11th. Finally, Zacks Investment Research raised Capital One Financial from a “hold” rating to a “buy” rating and set a $111.00 target price on the stock in a research note on Tuesday, December 26th. 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. Capital One Financial presently has a consensus rating of “Hold” and a consensus target price of $106.10.
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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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