Deutsche Bank assumed coverage on shares of Capital One Financial (NYSE:COF) in a report released on Tuesday. The firm set a “hold” rating on the financial services provider’s stock.
Other research analysts also recently issued research reports about the stock. Barclays boosted their target price on shares of Capital One Financial from $105.00 to $120.00 and gave the company an “overweight” rating in a research note on Tuesday. BMO Capital Markets upped their price objective on shares of Capital One Financial from $116.00 to $118.00 and gave the company an “outperform” rating in a research note on Wednesday, October 25th. Robert W. Baird reaffirmed a “hold” rating and set a $84.00 price objective on shares of Capital One Financial in a research note on Tuesday, September 5th. Credit Suisse Group reaffirmed a “hold” rating and set a $92.00 price objective on shares of Capital One Financial in a research note on Tuesday, December 19th. Finally, Morgan Stanley downgraded shares of Capital One Financial from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $97.00 to $83.00 in a research note on Friday, September 8th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company. Capital One Financial currently has a consensus rating of “Hold” and an average target price of $99.33.
Capital One Financial (COF) traded up $0.03 during trading on Tuesday, hitting $99.61. 1,647,449 shares of the company traded hands, compared to its average volume of 1,980,000. Capital One Financial has a 1-year low of $76.05 and a 1-year high of $101.43. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 1.17. The stock has a market cap of $48,290.00, a price-to-earnings ratio of 13.97, a PEG ratio of 1.48 and a beta of 1.28.
Capital One Financial declared that its Board of Directors has initiated a stock buyback program on Tuesday, December 26th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
In other Capital One Financial news, Director Mayo A. Shattuck III sold 24,167 shares of the stock in a transaction on Friday, October 27th. The stock was sold at an average price of $92.71, for a total value of $2,240,522.57. Following the sale, the director now directly owns 59,613 shares of the company’s stock, valued at $5,526,721.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ann F. Hackett sold 11,055 shares of the firm’s stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $91.18, for a total value of $1,007,994.90. Following the transaction, the director now directly owns 69,066 shares in the company, valued at $6,297,437.88. The disclosure for this sale can be found here. Insiders sold 378,192 shares of company stock worth $36,581,362 over the last ninety days. 1.73% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of COF. BB&T Investment Services Inc. acquired a new position in shares of Capital One Financial during the second quarter valued at $108,000. Seven Eight Capital LP increased its holdings in shares of Capital One Financial by 16.7% during the second 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 during the period. Bronfman E.L. Rothschild L.P. increased its holdings in shares of Capital One Financial by 47.1% during the second 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 during the period. Archford Capital Strategies LLC increased its holdings in shares of Capital One Financial by 8,078.3% during the second 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 during the period. Finally, Westside Investment Management Inc. increased its holdings in shares of Capital One Financial by 48.0% during the second 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 during the period. 88.33% of the stock is currently owned by institutional investors.
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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.
