Other analysts have also issued research reports about the company. BMO Capital Markets reissued a buy rating and set a $116.00 price objective on shares of Capital One Financial in a research note on Friday, October 6th. Buckingham Research initiated coverage on Capital One Financial in a research note on Monday, October 2nd. They set a buy rating and a $99.00 price objective for the company. Keefe, Bruyette & Woods reissued a buy rating and set a $106.00 price objective on shares of Capital One Financial in a research note on Friday, September 15th. Zacks Investment Research raised Capital One Financial from a hold rating to a buy rating and set a $102.00 price objective for the company in a research note on Friday, October 27th. Finally, Bank of America raised Capital One Financial from a neutral rating to a buy rating and set a $107.00 price objective for the company in a research note on Monday, December 18th. 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. The company has a consensus rating of Hold and a consensus target price of $102.14.
Shares of Capital One Financial (NYSE COF) traded up $1.01 during midday trading on Tuesday, reaching $105.43. 2,298,242 shares of the company’s stock were exchanged, compared to its average volume of 2,135,400. Capital One Financial has a twelve month low of $76.05 and a twelve month high of $106.40. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.07 and a quick ratio of 1.06. The company has a market capitalization of $51,110.00, a PE ratio of 14.79, a P/E/G ratio of 1.38 and a beta of 1.28.
Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $2.42 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.27. Capital One Financial had a net margin of 13.34% and a return on equity of 8.25%. The business had revenue of $6.99 billion for the quarter, compared to analysts’ expectations of $6.81 billion. During the same period last year, the business earned $2.03 earnings per share. The business’s quarterly revenue was up 8.1% on a year-over-year basis. sell-side analysts forecast that Capital One Financial will post 7.96 earnings per share for the current year.
Capital One Financial announced that its Board of Directors has approved a share repurchase program on Tuesday, December 26th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.
In related news, Director Ann F. Hackett sold 11,055 shares of the firm’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $91.18, for a total value of $1,007,994.90. Following the completion of the sale, the director now owns 69,066 shares of the company’s stock, valued at $6,297,437.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ann F. Hackett sold 6,361 shares of the firm’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $102.00, for a total value of $648,822.00. Following the completion of the sale, the director now directly owns 64,372 shares of the company’s stock, valued at approximately $6,565,944. The disclosure for this sale can be found here. Insiders sold 435,282 shares of company stock valued at $42,264,713 in the last ninety days. 1.73% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the stock. BB&T Investment Services Inc. purchased a new stake in Capital One Financial in the second quarter worth $108,000. Seven Eight Capital LP lifted its position in Capital One Financial by 16.7% during the second quarter. Seven Eight Capital LP now owns 1,400 shares of the financial services provider’s stock valued at $116,000 after buying an additional 200 shares during the period. Westside Investment Management Inc. lifted its position in Capital One Financial by 48.0% during the second quarter. Westside Investment Management Inc. now owns 1,745 shares of the financial services provider’s stock valued at $143,000 after buying an additional 566 shares during the period. Abner Herrman & Brock LLC purchased a new position in Capital One Financial during the fourth quarter valued at $219,000. Finally, Harvest Capital Management Inc purchased a new position in Capital One Financial during the fourth quarter valued at $224,000. 88.33% of the stock is owned by institutional investors.
Capital One Financial Company Profile
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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