Capital One Financial Corp. (NYSE:COF) has been assigned an average recommendation of “Hold” from the twenty-six brokerages that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and twelve have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $106.06.
COF has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Capital One Financial from a “hold” rating to a “buy” rating and set a $111.00 price objective for the company in a report on Thursday, January 4th. Barclays increased their price objective on shares of Capital One Financial from $105.00 to $120.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. Wells Fargo & Co reaffirmed an “outperform” rating and set a $112.00 price objective (up from $102.00) on shares of Capital One Financial in a report on Tuesday, January 9th. BMO Capital Markets reaffirmed a “buy” rating and set a $116.00 price objective on shares of Capital One Financial in a report on Friday, October 6th. Finally, Compass Point raised shares of Capital One Financial from a “neutral” rating to a “buy” rating and increased their price objective for the company from $99.52 to $122.00 in a report on Friday, December 22nd.
Capital One Financial (NYSE COF) traded down $0.98 during trading on Monday, reaching $103.41. 2,637,999 shares of the company traded hands, compared to its average volume of 2,234,942. The stock has a market cap of $50,350.00, a price-to-earnings ratio of 14.50, a price-to-earnings-growth ratio of 1.36 and a beta of 1.28. Capital One Financial has a one year low of $76.05 and a one year high of $106.47. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 1.17.
Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, October 24th. The financial services provider reported $2.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.15 by $0.27. The company had revenue of $6.99 billion during the quarter, compared to analyst estimates of $6.81 billion. Capital One Financial had a net margin of 13.34% and a return on equity of 8.25%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.03 EPS. analysts predict that Capital One Financial will post 7.99 EPS for the current fiscal year.
Capital One Financial declared that its board has authorized a share repurchase plan on Tuesday, December 26th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.
In related news, insider Yajnik Sanjiv sold 10,086 shares of the firm’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $105.00, for a total value of $1,059,030.00. Following the completion of the transaction, the insider now directly owns 71,367 shares of the company’s stock, valued at $7,493,535. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Frank G. LapradeIii sold 83,046 shares of the firm’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $95.00, for a total transaction of $7,889,370.00. Following the completion of the transaction, the insider now directly owns 97,346 shares of the company’s stock, valued at $9,247,870. The disclosure for this sale can be found here. Over the last three months, insiders sold 445,368 shares of company stock valued at $43,323,743. 1.73% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the stock. BB&T Investment Services Inc. bought 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% in the second quarter. Seven Eight Capital LP now owns 1,400 shares of the financial services provider’s stock worth $116,000 after buying an additional 200 shares during the last quarter. Archford Capital Strategies LLC lifted its position in Capital One Financial by 8,078.3% in the second quarter. Archford Capital Strategies LLC now owns 4,907 shares of the financial services provider’s stock worth $140,000 after buying an additional 4,847 shares during the last quarter. Westside Investment Management Inc. lifted its position in Capital One Financial by 48.0% in the second quarter. Westside Investment Management Inc. now owns 1,745 shares of the financial services provider’s stock worth $143,000 after buying an additional 566 shares during the last quarter. Finally, Camelot Portfolios LLC bought a new stake in Capital One Financial in the third quarter worth $201,000. 88.33% of the stock is owned by hedge funds and other 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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