Capital One Financial (NYSE:COF)‘s stock had its “hold” rating reaffirmed by analysts at Robert W. Baird in a research note issued to investors on Wednesday, January 3rd. They currently have a $106.00 price target on the financial services provider’s stock. Robert W. Baird’s price objective indicates a potential upside of 1.51% from the stock’s previous close.
A number of other research firms have also recently issued reports on COF. Piper Jaffray Companies raised Capital One Financial from an “underweight” rating to a “neutral” rating and set a $81.00 price target for the company in a report on Monday, December 18th. Bank of America raised Capital One Financial from a “neutral” rating to a “buy” rating and set a $107.00 price target for the company in a report on Monday, December 18th. Zacks Investment Research cut Capital One Financial from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. Credit Suisse Group reaffirmed a “hold” rating and issued a $92.00 price target on shares of Capital One Financial in a report on Tuesday, December 19th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $106.00 price target on shares of Capital One Financial in a report on Friday, September 15th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $102.14.
Shares of Capital One Financial (NYSE:COF) traded up $1.28 during trading hours on Wednesday, hitting $104.42. 2,177,700 shares of the stock traded hands, compared to its average volume of 2,115,050. Capital One Financial has a 52 week low of $76.05 and a 52 week high of $104.46. 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 firm has a market cap of $51,020.00, a P/E ratio of 14.65, a PEG ratio of 1.38 and a beta of 1.28.
Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $2.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.15 by $0.27. Capital One Financial had a return on equity of 8.25% and a net margin of 13.34%. The business had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $6.81 billion. During the same period in the previous year, the business posted $2.03 earnings per share. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. equities research analysts predict that Capital One Financial will post 7.96 earnings per share for the current fiscal year.
Capital One Financial announced that its Board of Directors has authorized a stock buyback program on Tuesday, December 26th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.
In other news, Director Bradford H. Warner sold 3,000 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $99.46, for a total value of $298,380.00. Following the completion of the sale, the director now directly owns 53,085 shares of the company’s stock, valued at approximately $5,279,834.10. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mayo A. Shattuck III sold 24,167 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $92.71, for a total value of $2,240,522.57. Following the completion of the sale, the director now directly owns 59,613 shares of the company’s stock, valued at $5,526,721.23. The disclosure for this sale can be found here. Insiders have sold a total of 435,282 shares of company stock valued at $42,264,713 over the last three months. Company insiders own 1.73% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. South State Corp grew its position in shares of Capital One Financial by 9.2% in the 2nd quarter. South State Corp now owns 65,457 shares of the financial services provider’s stock valued at $5,408,000 after purchasing an additional 5,510 shares during the period. Bank of Nova Scotia grew its position in shares of Capital One Financial by 70.8% in the 2nd quarter. Bank of Nova Scotia now owns 187,907 shares of the financial services provider’s stock valued at $15,525,000 after purchasing an additional 77,861 shares during the period. Quantbot Technologies LP acquired a new position in shares of Capital One Financial in the 3rd quarter valued at approximately $1,635,000. Norinchukin Bank The grew its position in shares of Capital One Financial by 9.5% in the 3rd quarter. Norinchukin Bank The now owns 43,270 shares of the financial services provider’s stock valued at $3,663,000 after purchasing an additional 3,743 shares during the period. Finally, CNA Financial Corp grew its position in shares of Capital One Financial by 20.6% in the 2nd quarter. CNA Financial Corp now owns 31,827 shares of the financial services provider’s stock valued at $2,630,000 after purchasing an additional 5,427 shares during the period. 88.33% of the stock is owned by institutional investors.
About Capital One Financial
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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