Capital One Financial Corp. (COF) Given Average Recommendation of “Hold” by Brokerages

Capital One Financial Corp. (NYSE:COF) has been assigned an average rating of “Hold” from the twenty-four ratings firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $110.33.

COF has been the subject of several recent analyst reports. Piper Jaffray Companies raised shares of Capital One Financial from an “underweight” rating to a “neutral” rating and set a $81.00 price objective 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 research report on Monday, December 18th. 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 research report on Tuesday, January 2nd. Wedbush set a $95.00 price objective on shares of Capital One Financial and gave the stock a “hold” rating in a research report on Monday, December 11th. 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 research report on Tuesday, December 26th.

Shares of Capital One Financial (NYSE COF) opened at $92.00 on Friday. The company has a market cap of $47,637.26, a P/E ratio of 26.67, a PEG ratio of 0.90 and a beta of 1.33. Capital One Financial has a 52-week low of $76.05 and a 52-week high of $106.50. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 1.23.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $1.62 EPS for the quarter, missing the consensus estimate 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 business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the business earned $1.45 EPS. research analysts expect that Capital One Financial will post 9.72 earnings per share for the current year.

Capital One Financial announced that its board has initiated a stock repurchase plan on Tuesday, December 26th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 12th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Friday, February 9th. Capital One Financial’s payout ratio is currently 46.38%.

In related news, insider Robert M. Alexander sold 5,000 shares of Capital One Financial stock in a transaction on Friday, December 1st. The shares were sold at an average price of $92.18, for a total value of $460,900.00. Following the completion of the sale, the insider now owns 89,603 shares of the company’s stock, valued at approximately $8,259,604.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Yajnik Sanjiv sold 156,278 shares of Capital One Financial stock in a transaction 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 completion of the sale, the insider now directly owns 199,216 shares of the company’s stock, valued at approximately $19,921,600. The disclosure for this sale can be found here. In the last three months, insiders sold 954,948 shares of company stock valued at $97,433,019. 1.73% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of COF. Stifel Financial Corp boosted its holdings in Capital One Financial by 18.5% during the 2nd quarter. Stifel Financial Corp now owns 33,770 shares of the financial services provider’s stock worth $2,790,000 after acquiring an additional 5,264 shares during the last quarter. Shelton Capital Management purchased a new position in Capital One Financial during the 2nd quarter worth $332,000. Janus Henderson Group PLC boosted its holdings in Capital One Financial by 130.6% during the 2nd quarter. Janus Henderson Group PLC now owns 152,859 shares of the financial services provider’s stock worth $12,630,000 after acquiring an additional 86,563 shares during the last quarter. Cubist Systematic Strategies LLC boosted its holdings in Capital One Financial by 2,743.5% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 17,061 shares of the financial services provider’s stock worth $1,410,000 after acquiring an additional 16,461 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in Capital One Financial by 9.7% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 49,624 shares of the financial services provider’s stock worth $4,100,000 after acquiring an additional 4,369 shares during the last quarter. 88.87% of the stock is currently owned by hedge funds and other 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.

Analyst Recommendations for Capital One Financial (NYSE:COF)

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