Capital One Financial Corporation (NYSE:COF) – Research analysts at Wedbush reduced their Q3 2017 earnings per share (EPS) estimates for Capital One Financial Corporation in a report released on Monday. Wedbush analyst H. Coffey now forecasts that the financial services provider will earn $2.15 per share for the quarter, down from their previous estimate of $2.24. Wedbush has a “Sell” rating on the stock. Wedbush also issued estimates for Capital One Financial Corporation’s Q4 2017 earnings at $1.86 EPS, Q2 2018 earnings at $2.05 EPS and Q4 2018 earnings at $1.95 EPS.

COF has been the subject of several other research reports. BMO Capital Markets reaffirmed a “buy” rating and issued a $116.00 price target on shares of Capital One Financial Corporation in a research report on Friday, October 6th. Wells Fargo & Company began coverage on shares of Capital One Financial Corporation in a research report on Tuesday. They issued an “outperform” rating for the company. Compass Point began coverage on shares of Capital One Financial Corporation in a research report on Thursday, August 10th. They issued a “neutral” rating and a $90.00 price target for the company. 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 report on Tuesday, July 11th. Finally, Piper Jaffray Companies began coverage on shares of Capital One Financial Corporation in a research report on Thursday, September 21st. They issued an “underweight” rating and a $81.00 price target for the company. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $92.86.

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Capital One Financial Corporation (COF) opened at 87.30 on Wednesday. The company has a market cap of $42.25 billion, a P/E ratio of 12.73 and a beta of 1.23. The firm’s 50 day moving average is $82.00 and its 200-day moving average is $82.21. 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 announced 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 business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $6.68 billion. During the same quarter last year, the firm earned $1.76 earnings per share. The business’s revenue for the quarter was up 7.2% on a year-over-year basis.

A number of institutional investors have recently modified their holdings of COF. BB&T Investment Services Inc. acquired a new position in Capital One Financial Corporation during the 2nd quarter valued at approximately $108,000. Seven Eight Capital LP increased its stake in Capital One Financial Corporation by 16.7% during the 2nd 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 in the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in Capital One Financial Corporation by 47.1% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,652 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 529 shares in the last quarter. Archford Capital Strategies LLC increased its stake in Capital One Financial Corporation by 8,078.3% during the 2nd quarter. Archford Capital Strategies LLC now owns 4,907 shares of the financial services provider’s stock valued at $140,000 after purchasing an additional 4,847 shares in the last quarter. Finally, Westside Investment Management Inc. increased its stake in Capital One Financial Corporation by 48.0% during the 2nd quarter. Westside Investment Management Inc. now owns 1,745 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 566 shares in the last quarter. Institutional investors and hedge funds own 87.99% of the company’s stock.

In other Capital One Financial Corporation news, CEO Richard D. Fairbank sold 367,419 shares of the company’s 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 document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.73% of the company’s stock.

Capital One Financial Corporation declared that its Board of Directors has initiated a share buyback plan on Wednesday, June 28th that authorizes the company to buyback $1.85 billion in outstanding shares. This buyback authorization authorizes the financial services provider to buy up to 4.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is 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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