Jefferies Group Weighs in on Capital One Financial Corporation’s FY2017 Earnings (COF)

Capital One Financial Corporation (NYSE:COF) – Research analysts at Jefferies Group boosted their FY2017 EPS estimates for Capital One Financial Corporation in a report released on Monday. Jefferies Group analyst J. Hecht now expects that the financial services provider will earn $7.71 per share for the year, up from their prior forecast of $7.54.

COF has been the subject of a number of other reports. BMO Capital Markets reiterated a “buy” rating and issued a $116.00 price target on shares of Capital One Financial Corporation in a research note on Friday, October 6th. Wedbush lowered shares of Capital One Financial Corporation from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $94.00 to $80.00 in a research note on Wednesday, July 5th. Wells Fargo & Company assumed coverage on shares of Capital One Financial Corporation in a research note on Tuesday. They issued an “outperform” rating for the company. Compass Point assumed coverage on shares of Capital One Financial Corporation in a research note on Thursday, August 10th. They issued a “neutral” rating and a $90.00 price target for the company. Finally, Oppenheimer Holdings, Inc. set a $82.00 price target on shares of Capital One Financial Corporation and gave the stock a “sell” rating in a research note on Tuesday, July 11th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $92.86.

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Capital One Financial Corporation (NYSE:COF) opened at 87.30 on Wednesday. The stock’s 50 day moving average is $82.00 and its 200-day moving average is $82.21. The company has a market capitalization of $42.25 billion, a P/E ratio of 12.73 and a beta of 1.23. Capital One Financial Corporation has a 52-week low of $70.50 and a 52-week high of $96.92.

Capital One Financial Corporation (NYSE:COF) last released its earnings results on Thursday, July 20th. The financial services provider reported $1.96 earnings per share for the quarter, beating the Zacks’ 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 firm had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $6.68 billion. During the same period in the prior year, the firm earned $1.76 EPS. The company’s revenue was up 7.2% compared to the same quarter last year.

Hedge funds have recently added to or reduced their stakes in the company. South State Corp lifted its holdings in shares of Capital One Financial Corporation by 9.2% in the second quarter. South State Corp now owns 65,457 shares of the financial services provider’s stock worth $5,408,000 after buying an additional 5,510 shares in the last quarter. Sky Investment Group LLC lifted its holdings in shares of Capital One Financial Corporation by 9.4% in the second quarter. Sky Investment Group LLC now owns 3,380 shares of the financial services provider’s stock worth $279,000 after buying an additional 290 shares in the last quarter. CNA Financial Corp lifted its holdings in shares of Capital One Financial Corporation by 20.6% in the second quarter. CNA Financial Corp now owns 31,827 shares of the financial services provider’s stock worth $2,630,000 after buying an additional 5,427 shares in the last quarter. Bank of The Ozarks lifted its holdings in shares of Capital One Financial Corporation by 14.0% in the first quarter. Bank of The Ozarks now owns 9,160 shares of the financial services provider’s stock worth $794,000 after buying an additional 1,125 shares in the last quarter. Finally, AXA lifted its holdings in shares of Capital One Financial Corporation by 28.5% in the first quarter. AXA now owns 148,167 shares of the financial services provider’s stock worth $12,840,000 after buying an additional 32,893 shares in the last quarter. 87.99% of the stock is currently owned by hedge funds and other institutional investors.

In other Capital One Financial Corporation news, CEO Richard D. Fairbank sold 367,419 shares of Capital One Financial Corporation stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $87.02, for a total transaction of $31,972,801.38. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.73% of the stock is owned by insiders.

Capital One Financial Corporation declared that its board has approved a stock repurchase program on Wednesday, June 28th that authorizes the company to repurchase $1.85 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to buy up to 4.6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

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.

Earnings History and Estimates for Capital One Financial Corporation (NYSE:COF)

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