Capital One Financial (NYSE:COF) had its price objective hoisted by research analysts at Morgan Stanley from $110.00 to $111.00 in a research note issued to investors on Friday. The brokerage presently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s price objective points to a potential upside of 9.28% from the company’s current price.
A number of other research analysts have also recently commented on COF. BMO Capital Markets restated a “buy” rating and issued a $116.00 price target on shares of Capital One Financial in a report on Friday, October 6th. Zacks Investment Research upgraded shares of Capital One Financial from a “sell” rating to a “hold” rating in a report on Monday, October 9th. Wells Fargo & Co started coverage on shares of Capital One Financial in a report on Tuesday, October 10th. They issued an “outperform” rating and a $96.00 price target on the stock. Oppenheimer restated a “hold” rating on shares of Capital One Financial in a report on Tuesday, October 24th. Finally, Wedbush upgraded shares of Capital One Financial from an “underperform” rating to a “neutral” rating and set a $80.00 target price on the stock in a report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $106.14.
Capital One Financial (COF) traded down $3.15 during midday trading on Friday, hitting $101.57. 1,826,633 shares of the stock were exchanged, compared to its average volume of 2,190,000. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $49,240.00, a PE ratio of 26.94, a PEG ratio of 0.95 and a beta of 1.33. Capital One Financial has a 12-month low of $76.05 and a 12-month high of $106.50.
Capital One Financial announced that its board has approved a stock buyback plan on Tuesday, December 26th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.
In other Capital One Financial news, insider Yajnik Sanjiv sold 156,278 shares of the stock in a transaction dated 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 $19,921,600. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert M. Alexander sold 76,354 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $94.84, for a total transaction of $7,241,413.36. Following the sale, the insider now directly owns 89,603 shares of the company’s stock, valued at $8,497,948.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 954,948 shares of company stock valued at $97,433,019. Insiders own 1.73% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the business. Davis Selected Advisers lifted 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 valued at $980,149,000 after buying an additional 3,519,332 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Capital One Financial by 5.7% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 6,317,935 shares of the financial services provider’s stock valued at $534,876,000 after buying an additional 338,678 shares during the last quarter. LSV Asset Management lifted its position in shares of Capital One Financial by 13.2% during the fourth quarter. LSV Asset Management now owns 4,774,254 shares of the financial services provider’s stock valued at $475,420,000 after buying an additional 557,665 shares during the last quarter. Pzena Investment Management LLC lifted its position in shares of Capital One Financial by 13.5% during the third quarter. Pzena Investment Management LLC now owns 4,588,908 shares of the financial services provider’s stock valued at $388,497,000 after buying an additional 547,262 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Capital One Financial by 2.0% during the third quarter. Dimensional Fund Advisors LP now owns 4,504,636 shares of the financial services provider’s stock valued at $381,341,000 after buying an additional 90,233 shares during the last quarter. 88.75% of the stock is owned by institutional investors and hedge funds.
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.
