Capital One Financial (NYSE:COF) had its target price upped by research analysts at Morgan Stanley from $97.00 to $110.00 in a research note issued to investors on Thursday. The firm presently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s price objective points to a potential upside of 5.51% from the company’s previous close.
Other analysts have also recently issued research reports about the stock. BMO Capital Markets reissued a “buy” rating and issued a $116.00 target price on shares of Capital One Financial in a research note on Friday, October 6th. Buckingham Research started coverage on shares of Capital One Financial in a research note on Monday, October 2nd. They issued a “buy” rating and a $99.00 target price on the stock. Zacks Investment Research raised shares of Capital One Financial from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a research note on Friday, October 27th. Bank of America raised shares of Capital One Financial from a “neutral” rating to a “buy” rating and set a $107.00 target price on the stock in a research note on Monday, December 18th. Finally, Compass Point raised shares of Capital One Financial from a “neutral” rating to a “buy” rating and upped their target price for the company from $99.52 to $122.00 in a research note on Friday, December 22nd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $106.23.
Capital One Financial (COF) traded down $1.00 during midday trading on Thursday, reaching $104.26. 2,615,679 shares of the company were exchanged, compared to its average volume of 2,461,523. The company has a market capitalization of $50,540.00, a PE ratio of 27.66, a P/E/G ratio of 1.05 and a beta of 1.28. Capital One Financial has a twelve month low of $76.05 and a twelve month high of $106.50. 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 declared that its Board of Directors has initiated a share buyback program 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. Stock buyback programs are typically a sign that the company’s management believes its shares are undervalued.
In other news, insider Michael Slocum sold 8,292 shares of the company’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 transaction, the insider now directly owns 53,613 shares in the company, valued at $4,931,859.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Yajnik Sanjiv sold 156,278 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $100.00, for a total transaction of $15,627,800.00. Following the transaction, the insider now owns 199,216 shares in the company, valued at $19,921,600. The disclosure for this sale can be found here. Insiders have sold 434,313 shares of company stock worth $42,315,748 over the last quarter. 1.73% of the stock is owned by company insiders.
Several hedge funds have recently made changes to their positions in COF. Advisor Group Inc. lifted its position in shares of Capital One Financial by 5.2% during the second quarter. Advisor Group Inc. now owns 10,430 shares of the financial services provider’s stock worth $804,000 after purchasing an additional 520 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Capital One Financial by 153.3% during the second quarter. Renaissance Technologies LLC now owns 989,099 shares of the financial services provider’s stock worth $81,719,000 after purchasing an additional 598,600 shares in the last quarter. Voya Investment Management LLC lifted its position in shares of Capital One Financial by 4.7% during the second quarter. Voya Investment Management LLC now owns 305,621 shares of the financial services provider’s stock worth $25,250,000 after purchasing an additional 13,816 shares in the last quarter. Brandywine Global Investment Management LLC lifted its position in shares of Capital One Financial by 1.2% during the second quarter. Brandywine Global Investment Management LLC now owns 494,582 shares of the financial services provider’s stock worth $40,863,000 after purchasing an additional 5,939 shares in the last quarter. Finally, Stifel Financial Corp lifted its position in shares of Capital One Financial by 18.5% during the second quarter. Stifel Financial Corp now owns 33,770 shares of the financial services provider’s stock worth $2,790,000 after purchasing an additional 5,264 shares in the last quarter. Institutional investors 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.
