Capital One Financial (COF) Upgraded to “Buy” at Compass Point

Capital One Financial (NYSE:COF) was upgraded by equities researchers at Compass Point from a “neutral” rating to a “buy” rating in a research note issued on Friday, The Fly reports.

A number of other research firms have also recently commented on COF. Piper Jaffray Companies raised shares of Capital One Financial from an “underweight” rating to a “neutral” rating and set a $81.00 target price for the company in a report on Monday. Bank of America raised shares of Capital One Financial from a “neutral” rating to a “buy” rating and set a $107.00 target price for the company in a report on Monday. Zacks Investment Research cut shares of Capital One Financial from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. Credit Suisse Group reissued a “hold” rating and issued a $92.00 target price on shares of Capital One Financial in a report on Tuesday. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $106.00 target price on shares of Capital One Financial in a report on Friday, September 15th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company. Capital One Financial currently has an average rating of “Hold” and a consensus price target of $96.67.

Shares of Capital One Financial (COF) opened at $99.52 on Friday. The stock has a market cap of $47,790.93, a PE ratio of 13.01, a price-to-earnings-growth ratio of 1.47 and a beta of 1.28. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.06 and a current ratio of 1.07. Capital One Financial has a one year low of $76.05 and a one year high of $99.95.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, October 24th. The financial services provider reported $2.42 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.27. The firm had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $6.81 billion. Capital One Financial had a net margin of 13.34% and a return on equity of 8.25%. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.03 earnings per share. equities analysts predict that Capital One Financial will post 7.97 EPS for the current fiscal year.

In other Capital One Financial news, Director Ann F. Hackett sold 7,000 shares of the stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $98.00, for a total transaction of $686,000.00. Following the completion of the sale, the director now owns 65,011 shares of the company’s stock, valued at approximately $6,371,078. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mayo A. Shattuck III sold 24,167 shares of the stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $92.71, for a total transaction of $2,240,522.57. Following the sale, the director now directly owns 59,613 shares of the company’s stock, valued at approximately $5,526,721.23. The disclosure for this sale can be found here. In the last quarter, insiders sold 221,914 shares of company stock valued at $20,953,562. 1.73% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in COF. Davis Selected Advisers increased its position in Capital One Financial by 112.8% during the 2nd quarter. Davis Selected Advisers now owns 8,061,905 shares of the financial services provider’s stock valued at $666,075,000 after purchasing an additional 4,274,053 shares during the period. Point72 Asset Management L.P. increased its position in Capital One Financial by 229.4% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,647,291 shares of the financial services provider’s stock valued at $139,460,000 after purchasing an additional 1,147,191 shares during the period. Arrowstreet Capital Limited Partnership increased its position in Capital One Financial by 107.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,989,104 shares of the financial services provider’s stock valued at $164,340,000 after purchasing an additional 1,031,829 shares during the period. Capital World Investors increased its position in Capital One Financial by 2.3% during the 2nd quarter. Capital World Investors now owns 38,396,005 shares of the financial services provider’s stock valued at $3,172,278,000 after purchasing an additional 849,047 shares during the period. Finally, Renaissance Technologies LLC increased its position in Capital One Financial by 153.3% during the 2nd quarter. Renaissance Technologies LLC now owns 989,099 shares of the financial services provider’s stock valued at $81,719,000 after purchasing an additional 598,600 shares during the period. 88.33% of the stock is owned by institutional investors and hedge funds.

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Capital One Financial 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.