Capital One Financial Corporation (COF) Research Coverage Started at Wells Fargo & Company
Investment analysts at Wells Fargo & Company assumed coverage on shares of Capital One Financial Corporation (NYSE:COF) in a report released on Tuesday, The Fly reports. The firm set an “outperform” rating on the financial services provider’s stock.
Other equities analysts have also recently issued reports about the company. Oppenheimer Holdings, Inc. set a $82.00 price objective on Capital One Financial Corporation and gave the stock a “sell” rating in a report on Tuesday, July 11th. BMO Capital Markets reaffirmed a “buy” rating and set a $103.00 price objective on shares of Capital One Financial Corporation in a report on Tuesday, June 20th. Barclays PLC reaffirmed an “overweight” rating and set a $105.00 price objective on shares of Capital One Financial Corporation in a report on Saturday, July 22nd. BidaskClub cut Capital One Financial Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. Finally, Compass Point assumed coverage on Capital One Financial Corporation in a report on Thursday, August 10th. They set a “neutral” rating and a $90.00 price objective for the company. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $92.86.
Capital One Financial Corporation (NYSE:COF) remained flat at $87.30 on Tuesday. 1,299,089 shares of the company’s stock were exchanged. The company has a market capitalization of $42.25 billion, a P/E ratio of 12.73 and a beta of 1.23. The company’s 50-day moving average price is $81.83 and its 200-day moving average price is $82.19. 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 issued its quarterly earnings data on Thursday, July 20th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.06. The firm had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $6.68 billion. Capital One Financial Corporation had a return on equity of 7.92% and a net margin of 13.32%. Capital One Financial Corporation’s revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.76 earnings per share. On average, equities research analysts predict that Capital One Financial Corporation will post $7.50 EPS for the current fiscal year.
Capital One Financial Corporation declared that its Board of Directors has approved a share repurchase plan on Wednesday, June 28th that allows the company to repurchase $1.85 billion in shares. This repurchase authorization allows the financial services provider to reacquire up to 4.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its stock is undervalued.
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In related news, CEO Richard D. Fairbank sold 367,419 shares of the stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $87.02, for a total value of $31,972,801.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.73% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of COF. Dodge & Cox purchased a new position in Capital One Financial Corporation in the fourth quarter valued at about $3,944,247,000. BlackRock Inc. boosted its holdings in Capital One Financial Corporation by 3,066.1% in the first quarter. BlackRock Inc. now owns 31,294,690 shares of the financial services provider’s stock valued at $2,711,996,000 after purchasing an additional 30,306,250 shares during the last quarter. Capital World Investors boosted its holdings in Capital One Financial Corporation by 27.5% in the third quarter. Capital World Investors now owns 27,456,008 shares of the financial services provider’s stock valued at $1,972,165,000 after purchasing an additional 5,914,808 shares during the last quarter. FMR LLC boosted its holdings in Capital One Financial Corporation by 22.2% in the fourth quarter. FMR LLC now owns 29,667,288 shares of the financial services provider’s stock valued at $2,588,175,000 after purchasing an additional 5,394,359 shares during the last quarter. Finally, Norges Bank purchased a new position in Capital One Financial Corporation in the fourth quarter valued at about $340,684,000. 87.99% of the stock is 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.
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