Capital One (NYSE:COF)‘s stock had its “hold” rating reiterated by equities research analysts at Robert W. Baird in a research note issued to investors on Wednesday.
Other equities analysts have also recently issued research reports about the company. Royal Bank of Canada reiterated a “buy” rating and set a $110.00 price target on shares of Capital One in a report on Wednesday, January 24th. Buckingham Research lifted their price target on Capital One from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Zacks Investment Research upgraded Capital One from a “hold” rating to a “buy” rating and set a $111.00 price target for the company in a report on Tuesday, December 26th. UBS initiated coverage on Capital One in a report on Tuesday, March 27th. They set a “buy” rating and a $114.00 price target for the company. Finally, Citigroup initiated coverage on Capital One in a report on Thursday, April 5th. They set a “buy” rating and a $115.00 price target for the company. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have assigned a buy rating to the stock. Capital One presently has an average rating of “Hold” and a consensus price target of $108.18.
Shares of NYSE COF opened at $97.42 on Wednesday. The stock has a market capitalization of $47,412.99, a PE ratio of 12.51, a P/E/G ratio of 0.86 and a beta of 1.31. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 1.07. Capital One has a fifty-two week low of $76.05 and a fifty-two week high of $106.50.
Capital One (NYSE:COF) last announced its quarterly earnings data on Tuesday, April 24th. The financial services provider reported $2.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.34 by $0.28. Capital One had a return on equity of 8.36% and a net margin of 6.89%. The company had revenue of $6.90 million during the quarter, compared to analysts’ expectations of $6.93 billion. During the same quarter last year, the company earned $1.75 EPS. Capital One’s revenue for the quarter was up 5.7% compared to the same quarter last year. sell-side analysts forecast that Capital One will post 9.86 EPS for the current fiscal year.
Capital One announced that its Board of Directors has initiated a stock buyback program on Tuesday, December 26th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.
In other Capital One news, insider Kleber Santos sold 1,711 shares of the firm’s stock in a transaction that occurred on Thursday, March 22nd. The shares were sold at an average price of $97.00, for a total transaction of $165,967.00. Following the completion of the sale, the insider now directly owns 15,894 shares in the company, valued at $1,541,718. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard D. Fairbank sold 485,202 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $105.09, for a total transaction of $50,989,878.18. The disclosure for this sale can be found here. Insiders have sold 575,606 shares of company stock valued at $60,316,349 over the last 90 days. Company insiders own 1.40% of the company’s stock.
A number of hedge funds have recently modified their holdings of COF. Advisor Partners LLC raised its position in shares of Capital One by 5.3% in the fourth quarter. Advisor Partners LLC now owns 9,885 shares of the financial services provider’s stock valued at $1,032,000 after buying an additional 495 shares in the last quarter. E&G Advisors LP raised its position in shares of Capital One by 13.4% in the fourth quarter. E&G Advisors LP now owns 4,244 shares of the financial services provider’s stock valued at $423,000 after buying an additional 500 shares in the last quarter. Lido Advisors LLC raised its position in shares of Capital One by 21.7% in the fourth quarter. Lido Advisors LLC now owns 2,896 shares of the financial services provider’s stock valued at $288,000 after buying an additional 516 shares in the last quarter. Timber Creek Capital Management LLC raised its position in shares of Capital One by 1.0% in the fourth quarter. Timber Creek Capital Management LLC now owns 51,500 shares of the financial services provider’s stock valued at $5,128,000 after buying an additional 520 shares in the last quarter. Finally, Sentinel Trust Co. LBA raised its position in shares of Capital One by 1.2% in the fourth quarter. Sentinel Trust Co. LBA now owns 49,167 shares of the financial services provider’s stock valued at $4,896,000 after buying an additional 580 shares in the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.
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Capital One 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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