Capital One Financial (NYSE:COF) was upgraded by stock analysts at Credit Suisse Group from a “neutral” rating to an “outperform” rating in a research note issued to investors on Monday, Marketbeat.com reports. The brokerage presently has a $120.00 target price on the financial services provider’s stock, up from their prior target price of $110.00. Credit Suisse Group’s price objective indicates a potential upside of 29.12% from the company’s current price.
A number of other research firms also recently weighed in on COF. Piper Jaffray Companies raised Capital One Financial from a “neutral” rating to an “overweight” rating in a report on Thursday, June 14th. Oppenheimer reaffirmed a “hold” rating on shares of Capital One Financial in a report on Tuesday, April 24th. BMO Capital Markets decreased their price objective on Capital One Financial from $133.00 to $126.00 and set an “outperform” rating on the stock in a report on Wednesday, May 9th. Zacks Investment Research downgraded Capital One Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Finally, Sandler O’Neill set a $113.00 price objective on Capital One Financial and gave the company a “buy” rating in a report on Tuesday, April 10th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $108.76.
Capital One Financial opened at $92.94 on Monday, according to Marketbeat.com. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market cap of $44.70 billion, a price-to-earnings ratio of 11.93, a P/E/G ratio of 0.85 and a beta of 1.34. Capital One Financial has a 1-year low of $76.98 and a 1-year high of $106.50.
Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, April 24th. The financial services provider reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.31. The company had revenue of $6.90 million for the quarter, compared to the consensus estimate of $6.93 billion. Capital One Financial had a return on equity of 9.23% and a net margin of 8.38%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.75 earnings per share. sell-side analysts predict that Capital One Financial will post 10.14 EPS for the current year.
In other Capital One Financial news, insider Kevin S. Borgmann sold 12,214 shares of the company’s stock in a transaction on Thursday, April 26th. The stock was sold at an average price of $92.80, for a total transaction of $1,133,459.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Richard D. Fairbank sold 242,600 shares of the company’s stock in a transaction on Wednesday, April 25th. The stock was sold at an average price of $93.13, for a total value of $22,593,338.00. Following the transaction, the chief executive officer now directly owns 3,011,738 shares in the company, valued at approximately $280,483,159.94. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 296,183 shares of company stock worth $27,691,372. Company insiders own 1.40% of the company’s stock.
A number of large investors have recently bought and sold shares of COF. TIAA CREF Investment Management LLC raised its position 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 acquiring an additional 2,255,496 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Capital One Financial by 10.4% during the 1st quarter. JPMorgan Chase & Co. now owns 18,151,777 shares of the financial services provider’s stock valued at $1,739,303,000 after acquiring an additional 1,712,501 shares during the last quarter. Ceredex Value Advisors LLC bought a new stake in shares of Capital One Financial during the 1st quarter valued at $66,251,000. BlackRock Inc. raised its position in shares of Capital One Financial by 2.3% during the 1st quarter. BlackRock Inc. now owns 29,763,273 shares of the financial services provider’s stock valued at $2,851,916,000 after acquiring an additional 661,251 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Capital One Financial by 1,437.6% during the 1st quarter. Victory Capital Management Inc. now owns 477,303 shares of the financial services provider’s stock valued at $45,735,000 after acquiring an additional 446,261 shares during the last quarter. 88.73% of the stock is currently owned by hedge funds and other institutional investors.
About Capital One Financial
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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