Traders Sell Shares of Capital One Financial (COF) on Strength (COF)

Traders sold shares of Capital One Financial Corp. (NYSE:COF) on strength during trading on Tuesday. $26.03 million flowed into the stock on the tick-up and $66.23 million flowed out of the stock on the tick-down, for a money net flow of $40.20 million out of the stock. Of all companies tracked, Capital One Financial had the 0th highest net out-flow for the day. Capital One Financial traded up $0.58 for the day and closed at $97.48

A number of research firms recently issued reports on COF. Sandler O’Neill set a $113.00 target price on Capital One Financial and gave the stock a “buy” rating in a report on Tuesday, April 10th. Citigroup began coverage on Capital One Financial in a report on Thursday, April 5th. They set a “buy” rating and a $115.00 target price on the stock. Wells Fargo lowered their target price on Capital One Financial from $117.00 to $109.00 and set an “outperform” rating on the stock in a report on Thursday, March 29th. UBS began coverage on Capital One Financial in a report on Tuesday, March 27th. They set a “buy” rating and a $114.00 target price on the stock. Finally, Zacks Investment Research lowered Capital One Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the company. Capital One Financial has a consensus rating of “Hold” and an average price target of $107.57.

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The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The stock has a market cap of $47,403.27, a price-to-earnings ratio of 12.47, a price-to-earnings-growth ratio of 0.86 and a beta of 1.31.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $1.62 earnings per share for the quarter, missing the Zacks’ 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 company had revenue of $7 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same quarter last year, the business earned $1.45 EPS. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. equities research analysts expect that Capital One Financial Corp. will post 9.85 earnings per share for the current year.

Capital One Financial announced that its Board of Directors has approved a share buyback program on Tuesday, December 26th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

In other Capital One Financial news, CEO Richard D. Fairbank sold 485,202 shares of the firm’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $105.09, for a total transaction of $50,989,878.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kleber Santos sold 1,711 shares of the firm’s stock in a transaction dated Thursday, March 22nd. The stock was sold at an average price of $97.00, for a total value of $165,967.00. Following the sale, the insider now owns 15,894 shares of the company’s stock, valued at $1,541,718. The disclosure for this sale can be found here. Insiders have sold a total of 575,606 shares of company stock valued at $60,316,349 over the last 90 days. Corporate insiders own 1.73% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC boosted its position in Capital One Financial by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 4,936,404 shares of the financial services provider’s stock worth $490,494,000 after acquiring an additional 100,004 shares during the period. LSV Asset Management lifted its holdings in shares of Capital One Financial by 13.2% during the 4th quarter. LSV Asset Management now owns 4,774,254 shares of the financial services provider’s stock valued at $475,420,000 after buying an additional 557,665 shares during the last quarter. Pzena Investment Management LLC lifted its holdings in shares of Capital One Financial by 1.6% during the 4th quarter. Pzena Investment Management LLC now owns 4,660,524 shares of the financial services provider’s stock valued at $464,095,000 after buying an additional 71,616 shares during the last quarter. TIAA CREF Investment Management LLC lifted its holdings in shares of Capital One Financial by 118.7% during the 4th quarter. TIAA CREF Investment Management LLC now owns 4,156,429 shares of the financial services provider’s stock valued at $413,897,000 after buying an additional 2,255,496 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Capital One Financial by 18.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,967,323 shares of the financial services provider’s stock valued at $395,066,000 after buying an additional 624,534 shares during the last quarter. Hedge funds and other 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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