Capital One Financial (NYSE:COF) had its price objective raised by investment analysts at Buckingham Research from $110.00 to $120.00 in a report released on Wednesday. The brokerage currently has a “buy” rating on the financial services provider’s stock. Buckingham Research’s price objective would indicate a potential upside of 14.39% from the company’s current price.
Other equities analysts also recently issued reports about the company. Zacks Investment Research raised Capital One Financial from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a research note on Friday, October 27th. BMO Capital Markets reissued a “buy” rating and set a $116.00 price target on shares of Capital One Financial in a research report on Friday, October 6th. Bank of America raised Capital One Financial from a “neutral” rating to a “buy” rating and set a $107.00 price target for the company in a research report on Monday, December 18th. Compass Point raised Capital One Financial from a “neutral” rating to a “buy” rating and raised their price target for the stock from $99.52 to $122.00 in a research report on Friday, December 22nd. Finally, Royal Bank of Canada reissued a “buy” rating and set a $113.00 price target on shares of Capital One Financial in a research report on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $106.10.
Capital One Financial (NYSE COF) traded up $0.64 during trading on Wednesday, reaching $104.90. The company’s stock had a trading volume of 2,970,377 shares, compared to its average volume of 2,250,000. Capital One Financial has a 52 week low of $76.05 and a 52 week high of $106.50. The company has a quick ratio of 1.06, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The firm has a market cap of $50,850.00, a PE ratio of 27.82, a price-to-earnings-growth ratio of 0.97 and a beta of 1.28.
Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $1.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.23). The company had revenue of $7 billion for the quarter, compared to analyst estimates of $7.12 billion. Capital One Financial had a return on equity of 8.36% and a net margin of 6.89%. The firm’s revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.45 earnings per share. equities analysts predict that Capital One Financial will post 9.51 EPS for the current year.
Capital One Financial announced that its board has initiated a stock repurchase program on Tuesday, December 26th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the financial services provider to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
In other news, CEO Richard D. Fairbank sold 485,202 shares of the firm’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $105.09, for a total transaction of $50,989,878.18. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Ann F. Hackett sold 7,000 shares of the firm’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $98.00, for a total value of $686,000.00. Following the sale, the director now owns 65,011 shares in the company, valued at approximately $6,371,078. The disclosure for this sale can be found here. Insiders have sold 895,348 shares of company stock worth $91,065,103 in the last 90 days. Insiders own 1.73% of the company’s stock.
Several hedge funds have recently bought and sold shares of COF. Davis Selected Advisers boosted its position in shares of Capital One Financial by 43.7% during the third quarter. Davis Selected Advisers now owns 11,581,237 shares of the financial services provider’s stock worth $980,149,000 after buying an additional 3,519,332 shares during the period. APG Asset Management N.V. lifted its position in Capital One Financial by 1,256.0% in the fourth quarter. APG Asset Management N.V. now owns 1,851,401 shares of the financial services provider’s stock worth $153,533,000 after purchasing an additional 1,714,867 shares during the period. Point72 Asset Management L.P. lifted its position in Capital One Financial by 229.4% in the third quarter. Point72 Asset Management L.P. now owns 1,647,291 shares of the financial services provider’s stock worth $139,460,000 after purchasing an additional 1,147,191 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Capital One Financial by 107.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,989,104 shares of the financial services provider’s stock worth $164,340,000 after purchasing an additional 1,031,829 shares during the period. Finally, Cornerstone Investment Partners LLC lifted its position in Capital One Financial by 87.9% in the fourth quarter. Cornerstone Investment Partners LLC now owns 2,045,312 shares of the financial services provider’s stock worth $203,672,000 after purchasing an additional 956,815 shares during the period. Institutional investors and hedge funds own 88.52% of the company’s stock.
About Capital One Financial
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.