Capital One Financial Corporation (NYSE:COF) – Research analysts at Wedbush raised their Q1 2018 EPS estimates for Capital One Financial Corporation in a note issued to investors on Monday. Wedbush analyst H. Coffey now forecasts that the financial services provider will post earnings of $2.09 per share for the quarter, up from their prior forecast of $2.07. Wedbush currently has a “Sell” rating on the stock. Wedbush also issued estimates for Capital One Financial Corporation’s Q3 2018 earnings at $2.15 EPS and FY2019 earnings at $9.00 EPS.

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, beating the Thomson Reuters’ consensus estimate of $1.90 by $0.06. The firm had revenue of $6.70 billion for 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%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.76 EPS. TRADEMARK VIOLATION WARNING: This news story was originally posted by American Banking News and is the property of of American Banking News. If you are viewing this news story on another website, it was copied illegally and republished in violation of US & international trademark and copyright laws. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2017/10/12/capital-one-financial-corporation-forecasted-to-earn-q1-2018-earnings-of-2-09-per-share-cof.html.

Several other research analysts have also recently issued reports on the company. Wells Fargo & Company assumed coverage on Capital One Financial Corporation in a research report on Tuesday. They set an “outperform” rating and a $96.00 target price on the stock. Zacks Investment Research raised Capital One Financial Corporation from a “sell” rating to a “hold” rating in a research report on Monday. BMO Capital Markets reaffirmed a “buy” rating and set a $116.00 target price on shares of Capital One Financial Corporation in a research report on Friday, October 6th. Buckingham Research assumed coverage on Capital One Financial Corporation in a research report on Monday, October 2nd. They set a “buy” rating and a $99.00 target price on the stock. Finally, Piper Jaffray Companies assumed coverage on Capital One Financial Corporation in a research report on Thursday, September 21st. They set an “underweight” rating and a $81.00 target price on the stock. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $93.36.

A number of institutional investors have recently bought and sold shares of COF. BB&T Investment Services Inc. purchased a new position in Capital One Financial Corporation during the second quarter worth about $108,000. Seven Eight Capital LP boosted its holdings in shares of Capital One Financial Corporation by 16.7% in the 2nd quarter. Seven Eight Capital LP now owns 1,400 shares of the financial services provider’s stock worth $116,000 after purchasing an additional 200 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of Capital One Financial Corporation by 47.1% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,652 shares of the financial services provider’s stock worth $137,000 after purchasing an additional 529 shares in the last quarter. Archford Capital Strategies LLC boosted its holdings in shares of Capital One Financial Corporation by 8,078.3% in the 2nd quarter. Archford Capital Strategies LLC now owns 4,907 shares of the financial services provider’s stock worth $140,000 after purchasing an additional 4,847 shares in the last quarter. Finally, Westside Investment Management Inc. boosted its holdings in shares of Capital One Financial Corporation by 48.0% in the 2nd quarter. Westside Investment Management Inc. now owns 1,745 shares of the financial services provider’s stock worth $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 related news, CEO Richard D. Fairbank sold 367,419 shares of the business’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $87.02, for a total transaction of $31,972,801.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.73% of the stock is owned by insiders.

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

Capital One Financial Corporation Company Profile

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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