Capital One Financial Corporation (NYSE:COF) was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research note issued to investors on Friday, MarketBeat Ratings reports. They presently have a $83.00 target price on the financial services provider’s stock, down from their prior target price of $97.00. Morgan Stanley’s price target would indicate a potential upside of 6.12% from the company’s previous close.

A number of other research firms have also commented on COF. CIBC raised shares of Capital One Financial Corporation from an “underperform” rating to a “market perform” rating in a report on Friday, July 21st. Barclays PLC reaffirmed an “overweight” rating and set a $105.00 target price on shares of Capital One Financial Corporation in a report on Saturday, July 22nd. Wedbush reaffirmed a “sell” rating on shares of Capital One Financial Corporation in a report on Saturday, July 22nd. Zacks Investment Research raised shares of Capital One Financial Corporation from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Finally, Compass Point assumed coverage on shares of Capital One Financial Corporation in a report on Thursday, August 10th. They set a “neutral” rating and a $90.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $92.19.

Capital One Financial Corporation (COF) traded down 0.03% during midday trading on Friday, hitting $78.21. The stock had a trading volume of 2,946,095 shares. Capital One Financial Corporation has a one year low of $69.49 and a one year high of $96.92. The company has a market cap of $37.85 billion, a P/E ratio of 11.40 and a beta of 1.22. The stock’s 50-day moving average is $83.05 and its 200-day moving average is $83.58.

Capital One Financial Corporation (NYSE:COF) last released its earnings results on Thursday, July 20th. The financial services provider reported $1.96 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $6.68 billion. During the same quarter in the previous year, the business earned $1.76 EPS. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. Equities analysts predict that Capital One Financial Corporation will post $7.54 EPS for the current fiscal year.

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

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In other Capital One Financial Corporation news, CEO Richard D. Fairbank sold 367,419 shares of the business’s stock in a transaction dated 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 legal filing with the SEC, which is available through the SEC website. Insiders own 1.73% of the company’s stock.

A number of large investors have recently modified their holdings of COF. Acadian Asset Management LLC lifted its position in Capital One Financial Corporation by 638.2% during the 1st quarter. Acadian Asset Management LLC now owns 7,862 shares of the financial services provider’s stock worth $681,000 after buying an additional 6,797 shares in the last quarter. Parnassus Investments CA lifted its position in Capital One Financial Corporation by 5.9% during the 1st quarter. Parnassus Investments CA now owns 900,000 shares of the financial services provider’s stock worth $77,994,000 after buying an additional 50,000 shares in the last quarter. Pillar Pacific Capital Management LLC lifted its position in Capital One Financial Corporation by 1.8% during the 1st quarter. Pillar Pacific Capital Management LLC now owns 74,059 shares of the financial services provider’s stock worth $6,418,000 after buying an additional 1,295 shares in the last quarter. Cypress Capital Management LLC lifted its position in Capital One Financial Corporation by 21.4% during the 1st quarter. Cypress Capital Management LLC now owns 6,150 shares of the financial services provider’s stock worth $533,000 after buying an additional 1,085 shares in the last quarter. Finally, Brick & Kyle Associates bought a new stake in Capital One Financial Corporation during the 1st quarter worth about $353,000. 88.05% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Capital One Financial Corporation (NYSE:COF)

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