Positive News Coverage Somewhat Unlikely to Impact Capital One Financial Corporation (NYSE:COF) Stock Price
News articles about Capital One Financial Corporation (NYSE:COF) have been trending positive on Monday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Capital One Financial Corporation earned a media sentiment score of 0.30 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 46.6942105454951 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Capital One Financial Corporation (NYSE:COF) versus VMware, Inc. (NYSE:VMW) Are There Any Catalysts to Propel … – FLBC News (flbcnews.com)
- Capital One Financial Corporation (COF) noted a price change of -0.31% and The Timken Company (TKR) closes with … – Stocks Gallery (stocksgallery.com)
- Zooming in on the Numbers for Capital One Financial Corporation (NYSE:COF) – Jonesboro Recorder (jonesbororecorder.com)
- Critical Survey: Capital One Financial Corporation (COF) & Green Dot Corporation (GDOT) (americanbankingnews.com)
- Trade Signal Alert For Capital One Financial Corp (COF) Shares … – Evergreen Caller (evergreencaller.com)
Shares of Capital One Financial Corporation (COF) traded up 1.76% during trading on Monday, reaching $84.26. 1,782,713 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $83.62 and a 200-day moving average price of $84.51. Capital One Financial Corporation has a 52-week low of $67.18 and a 52-week high of $96.92. The company has a market capitalization of $40.78 billion, a PE ratio of 12.29 and a beta of 1.20.
Capital One Financial Corporation (NYSE:COF) last issued its quarterly earnings data on Thursday, July 20th. The financial services provider reported $1.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.90 by $0.06. The firm had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $6.68 billion. Capital One Financial Corporation had a net margin of 13.32% and a return on equity of 7.92%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.76 earnings per share. On average, equities analysts forecast that Capital One Financial Corporation will post $7.54 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Monday, August 7th will be paid a dividend of $0.40 per share. The ex-dividend date is Thursday, August 3rd. This represents a $1.60 annualized dividend and a yield of 1.90%. Capital One Financial Corporation’s dividend payout ratio is 23.43%.
Capital One Financial Corporation announced that its Board of Directors has authorized a stock buyback program on Wednesday, June 28th that permits the company to buyback $1.85 billion in outstanding shares. This buyback authorization permits the financial services provider to purchase up to 4.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.
Several brokerages have recently weighed in on COF. Wedbush downgraded Capital One Financial Corporation from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $94.00 to $80.00 in a research note on Wednesday, July 5th. Oppenheimer Holdings, Inc. lowered their target price on Capital One Financial Corporation from $84.00 to $80.00 and set an “underperform” rating for the company in a research note on Wednesday, April 26th. Compass Point began coverage on Capital One Financial Corporation in a research note on Thursday. They set a “neutral” rating and a $90.00 target price for the company. BMO Capital Markets restated a “buy” rating and set a $103.00 target price on shares of Capital One Financial Corporation in a research note on Tuesday, June 20th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $106.00 target price on shares of Capital One Financial Corporation in a research note on Friday, June 16th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $92.76.
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In other Capital One Financial Corporation news, CEO Richard D. Fairbank sold 367,419 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $87.02, for a total transaction of $31,972,801.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.73% of the stock is currently owned by corporate insiders.
About Capital One Financial Corporation
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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