Capital One Financial’s (COF) “Outperform” Rating Reaffirmed at Wells Fargo & Co
Capital One Financial (NYSE:COF)‘s stock had its “outperform” rating restated by equities researchers at Wells Fargo & Co in a research report issued on Tuesday, The Fly reports. They currently have a $112.00 price target on the financial services provider’s stock, up from their previous price target of $102.00. Wells Fargo & Co’s price target indicates a potential upside of 11.11% from the stock’s previous close.
Several other research analysts also recently commented on COF. Keefe, Bruyette & Woods reissued a “buy” rating and set a $106.00 price objective on shares of Capital One Financial in a report on Friday, September 15th. Zacks Investment Research downgraded shares of Capital One Financial from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. Piper Jaffray Companies started coverage on shares of Capital One Financial in a report on Thursday, September 21st. They set an “underweight” rating and a $81.00 price objective for the company. Buckingham Research started coverage on shares of Capital One Financial in a report on Monday, October 2nd. They set a “buy” rating and a $99.00 price objective for the company. Finally, BMO Capital Markets reissued a “buy” rating and set a $116.00 price objective on shares of Capital One Financial in a report on Friday, October 6th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $101.62.
Capital One Financial (NYSE COF) opened at $100.80 on Tuesday. Capital One Financial has a 1-year low of $76.05 and a 1-year high of $102.16. The company has a market cap of $48,860.00, a PE ratio of 14.14, a price-to-earnings-growth ratio of 1.38 and a beta of 1.28. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 1.17.
Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $2.42 EPS for the quarter, beating the consensus estimate of $2.15 by $0.27. Capital One Financial had a net margin of 13.34% and a return on equity of 8.25%. The business had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $6.81 billion. During the same quarter in the prior year, the firm earned $2.03 EPS. The business’s revenue was up 8.1% on a year-over-year basis. equities research analysts forecast that Capital One Financial will post 7.96 earnings per share for the current fiscal year.
Capital One Financial declared that its Board of Directors has approved a share buyback 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 buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.
In other Capital One Financial news, Director Ann F. Hackett sold 11,055 shares of the firm’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $91.18, for a total value of $1,007,994.90. Following the completion of the sale, the director now owns 69,066 shares of the company’s stock, valued at $6,297,437.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Ann F. Hackett sold 6,361 shares of the firm’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $102.00, for a total transaction of $648,822.00. Following the completion of the sale, the director now directly owns 64,372 shares of the company’s stock, valued at approximately $6,565,944. The disclosure for this sale can be found here. In the last ninety days, insiders sold 435,282 shares of company stock valued at $42,264,713. 1.73% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. BB&T Investment Services Inc. bought a new stake in Capital One Financial in the second quarter worth about $108,000. Seven Eight Capital LP lifted its stake in Capital One Financial by 16.7% in the second quarter. Seven Eight Capital LP now owns 1,400 shares of the financial services provider’s stock worth $116,000 after purchasing an additional 200 shares during the last quarter. Archford Capital Strategies LLC lifted its stake in Capital One Financial by 8,078.3% in 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 during the last quarter. Westside Investment Management Inc. lifted its stake in Capital One Financial by 48.0% in 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 during the last quarter. Finally, Camelot Portfolios LLC bought a new stake in Capital One Financial in the third quarter worth about $201,000. 88.33% of the stock is owned by institutional investors and hedge funds.
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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.
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