Capital One Financial (NYSE:COF) had its price objective boosted by investment analysts at Credit Suisse Group from $106.00 to $110.00 in a report issued on Wednesday. The firm currently has a “neutral” rating on the financial services provider’s stock. Credit Suisse Group’s target price would indicate a potential upside of 4.86% from the stock’s previous close.
Several other research analysts have also issued reports on the stock. Piper Jaffray Companies raised shares of Capital One Financial from an “underweight” rating to a “neutral” rating and set a $81.00 price target for the company in a research report on Monday, December 18th. Bank of America raised shares of Capital One Financial from a “neutral” rating to a “buy” rating and set a $107.00 price objective for the company in a report on Monday, December 18th. Wedbush set a $95.00 price objective on shares of Capital One Financial and gave the stock a “hold” rating in a report on Monday, December 11th. Barclays raised their price objective on shares of Capital One Financial from $105.00 to $120.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Finally, Zacks Investment Research raised shares of Capital One Financial from a “hold” rating to a “buy” rating and set a $111.00 price objective for the company in a report on Tuesday, December 26th. Two equities 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 stock. The stock currently has an average rating of “Hold” and a consensus target price of $106.10.
Capital One Financial (COF) traded up $0.64 during trading hours on Wednesday, reaching $104.90. 2,970,377 shares of the company traded hands, 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 debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 1.06. The firm has a market capitalization of $50,850.00, a price-to-earnings ratio of 27.82, a PEG ratio of 0.97 and a beta of 1.28.
Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.85 by ($0.23). Capital One Financial had a return on equity of 8.36% and a net margin of 6.89%. The business had revenue of $7 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same period last year, the company earned $1.45 EPS. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. equities research analysts expect that Capital One Financial will post 9.51 earnings per share for the current fiscal year.
Capital One Financial announced that its board has approved a stock buyback plan on Tuesday, December 26th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
In other news, insider Yajnik Sanjiv sold 156,278 shares of the stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $100.00, for a total transaction of $15,627,800.00. Following the sale, the insider now directly owns 199,216 shares of the company’s stock, valued at $19,921,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Slocum sold 8,292 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $91.99, for a total transaction of $762,781.08. Following the completion of the transaction, the insider now directly owns 53,613 shares in the company, valued at $4,931,859.87. The disclosure for this sale can be found here. Insiders have sold 895,348 shares of company stock worth $91,065,103 over the last three months. 1.73% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in COF. BB&T Investment Services Inc. bought a new position in Capital One Financial in the second quarter valued at approximately $108,000. Cerebellum GP LLC bought a new position in Capital One Financial in the fourth quarter valued at approximately $127,000. Archford Capital Strategies LLC boosted its position 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 worth $140,000 after purchasing an additional 4,847 shares in the last quarter. Westside Investment Management Inc. boosted its position 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 worth $143,000 after purchasing an additional 566 shares in the last quarter. Finally, Camelot Portfolios LLC bought a new position in shares of Capital One Financial during the third quarter worth $201,000. 88.52% of the stock is currently owned by hedge funds and other institutional investors.
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.