A number of other equities research analysts have also weighed in on COF. Bank of America upgraded shares of Capital One Financial from a neutral rating to a buy rating and set a $107.00 price objective for the company in a report on Monday, December 18th. Zacks Investment Research downgraded shares of Capital One Financial from a hold rating to a sell rating in a research report on Wednesday, September 20th. Robert W. Baird reissued a hold rating and set a $106.00 target price on shares of Capital One Financial in a research report on Wednesday, January 3rd. Credit Suisse Group reaffirmed a hold rating and issued a $92.00 price objective on shares of Capital One Financial in a research report on Tuesday, December 19th. Finally, Keefe, Bruyette & Woods reaffirmed a buy rating and issued a $106.00 price objective on shares of Capital One Financial in a research report on Friday, September 15th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the stock. Capital One Financial currently has an average rating of Hold and an average price target of $102.14.
Shares of Capital One Financial (NYSE COF) traded up $0.97 during midday trading on Tuesday, hitting $104.38. 2,930,000 shares of the stock were exchanged, compared to its average volume of 2,040,000. The stock has a market capitalization of $50,600.00, a PE ratio of 14.64, a PEG ratio of 1.36 and a beta of 1.28. Capital One Financial has a 1 year low of $76.05 and a 1 year high of $106.47. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 1.17.
Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, October 24th. The financial services provider reported $2.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 company had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $6.81 billion. During the same period last year, the company posted $2.03 earnings per share. Capital One Financial’s quarterly revenue was up 8.1% on a year-over-year basis. sell-side analysts expect that Capital One Financial will post 7.99 earnings per share for the current fiscal year.
Capital One Financial announced that its board has initiated a share buyback program on Tuesday, December 26th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.
In related news, insider Robert M. Alexander sold 76,354 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $94.84, for a total value of $7,241,413.36. Following the completion of the sale, the insider now owns 89,603 shares of the company’s stock, valued at $8,497,948.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Yajnik Sanjiv sold 10,086 shares of the company’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $105.00, for a total transaction of $1,059,030.00. Following the completion of the sale, the insider now directly owns 71,367 shares of the company’s stock, valued at approximately $7,493,535. The disclosure for this sale can be found here. Insiders have sold 445,368 shares of company stock valued at $43,323,743 in the last ninety days. Insiders own 1.73% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Engineers Gate Manager LP acquired a new stake in shares of Capital One Financial during the second quarter worth about $583,000. CIBC World Markets Inc. raised its holdings in Capital One Financial by 171.8% in the second quarter. CIBC World Markets Inc. now owns 14,473 shares of the financial services provider’s stock valued at $1,196,000 after acquiring an additional 9,148 shares in the last quarter. Riverhead Capital Management LLC raised its holdings in Capital One Financial by 8.8% in the second quarter. Riverhead Capital Management LLC now owns 52,334 shares of the financial services provider’s stock valued at $4,324,000 after acquiring an additional 4,211 shares in the last quarter. South State Corp raised its holdings in Capital One Financial by 9.2% in the second quarter. South State Corp now owns 65,457 shares of the financial services provider’s stock valued at $5,408,000 after acquiring an additional 5,510 shares in the last quarter. Finally, Seven Eight Capital LP increased its stake 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 valued at $116,000 after purchasing an additional 200 shares during the last quarter. 88.33% of the stock is currently owned by institutional investors.
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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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