Capital One Financial Corporation (NYSE:COF) posted its quarterly earnings data on Tuesday. The financial services provider reported $2.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.15 by $0.27, reports. The firm had revenue of $6.99 billion for the quarter, compared to the consensus estimate of $6.81 billion. Capital One Financial Corporation had a return on equity of 7.92% and a net margin of 13.32%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.03 EPS.

Capital One Financial Corporation (NYSE:COF) traded down 0.22% during midday trading on Tuesday, reaching $89.52. The company had a trading volume of 2,675,734 shares. Capital One Financial Corporation has a 52-week low of $71.91 and a 52-week high of $96.92. The company has a market cap of $43.33 billion, a PE ratio of 13.05 and a beta of 1.23. The company’s 50-day moving average is $83.63 and its 200 day moving average is $82.35.

COF has been the topic of several recent analyst reports. Morgan Stanley downgraded Capital One Financial Corporation from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $97.00 to $83.00 in a report on Friday, September 8th. Zacks Investment Research upgraded Capital One Financial Corporation from a “sell” rating to a “hold” rating in a report on Monday, October 9th. Robert W. Baird restated a “hold” rating and set a $84.00 price objective on shares of Capital One Financial Corporation in a report on Tuesday, September 5th. Keefe, Bruyette & Woods restated a “buy” rating and set a $106.00 price objective on shares of Capital One Financial Corporation in a report on Friday, September 15th. Finally, CIBC upgraded Capital One Financial Corporation from an “underperform” rating to a “market perform” rating in a report on Friday, July 21st. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $93.36.

In other Capital One Financial Corporation news, CEO Richard D. Fairbank sold 367,419 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $87.02, for a total value of $31,972,801.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.73% of the stock is owned by company insiders.

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Capital One Financial Corporation announced that its board has authorized a stock buyback program on Wednesday, June 28th that authorizes the company to repurchase $1.85 billion in shares. This repurchase authorization authorizes the financial services provider to purchase up to 4.6% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board 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 for Capital One Financial Corporation (NYSE:COF)

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