Capital One Financial Corporation (NYSE:COF) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Monday.
Several other equities research analysts have also issued reports on COF. Compass Point assumed coverage on shares of Capital One Financial Corporation in a research note on Thursday. They issued a “neutral” rating and a $90.00 price objective for the company. Zacks Investment Research raised shares of Capital One Financial Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Oppenheimer Holdings, Inc. upgraded shares of Capital One Financial Corporation from an “underperform” rating to a “market perform” rating and set a $82.00 target price on the stock in a report on Friday, July 21st. BMO Capital Markets reiterated a “buy” rating and issued a $103.00 target price on shares of Capital One Financial Corporation in a report on Tuesday, June 20th. Finally, Barclays PLC reiterated an “overweight” rating and issued a $105.00 target price on shares of Capital One Financial Corporation in a report on Saturday, July 22nd. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Capital One Financial Corporation has a consensus rating of “Hold” and a consensus price target of $92.76.
Shares of Capital One Financial Corporation (COF) traded up 1.76% during mid-day trading on Monday, reaching $84.26. The company had a trading volume of 1,782,713 shares. Capital One Financial Corporation has a 52-week low of $67.18 and a 52-week high of $96.92. The stock has a market capitalization of $40.78 billion, a P/E ratio of 12.29 and a beta of 1.20. The company’s 50-day moving average is $83.62 and its 200 day moving average is $84.51.
Capital One Financial Corporation (NYSE:COF) last released its quarterly earnings data on Thursday, July 20th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.06. Capital One Financial Corporation had a net margin of 13.32% and a return on equity of 7.92%. The business had revenue of $6.70 billion during the quarter, compared to analyst estimates of $6.68 billion. During the same quarter in the previous year, the business earned $1.76 EPS. Capital One Financial Corporation’s quarterly revenue was up 7.2% compared to the same quarter last year. Analysts anticipate that Capital One Financial Corporation will post $7.54 EPS for the current fiscal year.
Capital One Financial Corporation announced that its board has authorized a share buyback plan on Wednesday, June 28th that allows the company to repurchase $1.85 billion in outstanding shares. This repurchase authorization allows the financial services provider to buy up to 4.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
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In related news, CEO Richard D. Fairbank sold 367,419 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $87.02, for a total value of $31,972,801.38. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.73% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Creative Planning boosted its stake in Capital One Financial Corporation by 33.4% in the first quarter. Creative Planning now owns 12,333 shares of the financial services provider’s stock worth $1,069,000 after buying an additional 3,090 shares during the last quarter. Bank of Montreal Can boosted its stake in Capital One Financial Corporation by 17.9% in the first quarter. Bank of Montreal Can now owns 432,909 shares of the financial services provider’s stock worth $37,516,000 after buying an additional 65,841 shares during the last quarter. Parametrica Management Ltd acquired a new stake in Capital One Financial Corporation during the first quarter worth $305,000. Fox Run Management L.L.C. acquired a new stake in Capital One Financial Corporation during the first quarter worth $607,000. Finally, Doyle Wealth Management acquired a new stake in Capital One Financial Corporation during the first quarter worth $10,119,000. 87.56% of the stock is currently owned by institutional investors and hedge funds.
About Capital One Financial Corporation
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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