Capital One Financial Corp. (NYSE:COF) – Stock analysts at Oppenheimer increased their Q1 2018 earnings per share estimates for Capital One Financial in a research report issued to clients and investors on Thursday, April 12th. Oppenheimer analyst B. Chittenden now expects that the financial services provider will post earnings per share of $2.33 for the quarter, up from their prior forecast of $2.20. Oppenheimer also issued estimates for Capital One Financial’s Q2 2018 earnings at $2.69 EPS, FY2018 earnings at $10.31 EPS and FY2019 earnings at $10.93 EPS.
Several other research firms have also recently weighed in on COF. Piper Jaffray upgraded Capital One Financial from an “underweight” rating to a “neutral” rating and set a $81.00 price objective on the stock in a report on Monday, December 18th. Bank of America upgraded Capital One Financial from a “neutral” rating to a “buy” rating and set a $107.00 price objective on the stock in a report on Monday, December 18th. Buckingham Research lifted their price objective on Capital One Financial from $110.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Wells Fargo reiterated an “outperform” rating and set a $117.00 price objective (up previously from $112.00) on shares of Capital One Financial in a report on Wednesday, January 24th. Finally, Credit Suisse Group lifted their price objective on Capital One Financial from $106.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven 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 $107.57.
NYSE:COF opened at $96.90 on Monday. Capital One Financial has a fifty-two week low of $76.05 and a fifty-two week high of $106.50. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 1.23. The stock has a market cap of $46,873.21, a PE ratio of 12.44, a price-to-earnings-growth ratio of 0.85 and a beta of 1.31.
Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $1.62 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 business had revenue of $7 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter last year, the firm earned $1.45 EPS. The company’s revenue for the quarter was up 6.6% on a year-over-year basis.
Capital One Financial announced that its Board of Directors has initiated a share repurchase program 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 reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.
In other news, insider Kleber Santos sold 1,711 shares of the company’s stock in a transaction that occurred on Thursday, March 22nd. The stock was sold at an average price of $97.00, for a total transaction of $165,967.00. Following the sale, the insider now owns 15,894 shares in the company, valued at approximately $1,541,718. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Bradford H. Warner sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $95.05, for a total value of $285,150.00. The disclosure for this sale can be found here. Insiders sold a total of 575,606 shares of company stock worth $60,316,349 in the last 90 days. Company insiders own 1.40% of the company’s stock.
Several institutional investors have recently made changes to their positions in COF. Cerebellum GP LLC bought a new stake in shares of Capital One Financial during the 4th quarter worth approximately $127,000. Delpha Capital Management LLC bought a new stake in shares of Capital One Financial during the 4th quarter worth approximately $134,000. SeaCrest Wealth Management LLC bought a new stake in shares of Capital One Financial during the 4th quarter worth approximately $141,000. Captrust Financial Advisors bought a new stake in shares of Capital One Financial during the 4th quarter worth approximately $162,000. Finally, HBK Sorce Advisory LLC bought a new stake in shares of Capital One Financial during the 4th quarter worth approximately $203,000. Institutional investors own 89.96% of the company’s stock.
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Capital One Financial Company Profile
Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.
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