Capital One Financial (NYSE:COF) had its target price upped by Barclays from $105.00 to $120.00 in a research note released on Tuesday morning, Marketbeat.com reports. Barclays currently has an overweight rating on the financial services provider’s stock.
Several other equities analysts also recently issued reports on the stock. Piper Jaffray Companies raised shares of Capital One Financial from an underweight rating to a neutral rating and set a $81.00 price target for the company in a research note on Monday, December 18th. Morgan Stanley downgraded shares of Capital One Financial from an overweight rating to an equal weight rating and dropped their price target for the company from $97.00 to $83.00 in a research note on Friday, September 8th. Zacks Investment Research raised shares of Capital One Financial from a hold rating to a buy rating and set a $102.00 price target for the company 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 price target for the company in a research note on Monday, December 18th. Finally, Wedbush set a $95.00 price target on shares of Capital One Financial and gave the company a hold rating in a research note on Monday, December 11th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $100.95.
Capital One Financial (NYSE COF) traded down $0.27 during mid-day trading on Tuesday, hitting $101.15. 224,395 shares of the stock traded hands, compared to its average volume of 2,045,433. The company has a market capitalization of $49,090.00, a P/E ratio of 14.19, a P/E/G ratio of 1.36 and a beta of 1.28. Capital One Financial has a 12-month low of $76.05 and a 12-month high of $102.16. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.07 and a quick ratio of 1.06.
Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $2.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.15 by $0.27. The firm had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $6.81 billion. Capital One Financial had a net margin of 13.34% and a return on equity of 8.25%. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.03 earnings per share. sell-side analysts expect that Capital One Financial will post 7.97 earnings per share for the current year.
Capital One Financial announced that its board has authorized a stock buyback program on Tuesday, December 26th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.
In other Capital One Financial news, insider Yajnik Sanjiv sold 156,278 shares of the firm’s stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $100.00, for a total value of $15,627,800.00. Following the completion of the sale, the insider now directly owns 199,216 shares in the company, valued at $19,921,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bradford H. Warner sold 3,000 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $99.46, for a total transaction of $298,380.00. Following the completion of the sale, the director now owns 53,085 shares of the company’s stock, valued at $5,279,834.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 428,921 shares of company stock valued at $41,615,891. 1.73% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of the business. Capital World Investors grew its holdings in Capital One Financial by 2.3% in the second quarter. Capital World Investors now owns 38,396,005 shares of the financial services provider’s stock worth $3,172,278,000 after purchasing an additional 849,047 shares during the period. Vanguard Group Inc. grew its holdings in Capital One Financial by 1.1% in the second quarter. Vanguard Group Inc. now owns 31,789,748 shares of the financial services provider’s stock worth $2,626,469,000 after purchasing an additional 335,574 shares during the period. Franklin Resources Inc. grew its holdings in Capital One Financial by 2.4% in the second quarter. Franklin Resources Inc. now owns 13,739,126 shares of the financial services provider’s stock worth $1,135,064,000 after purchasing an additional 322,243 shares during the period. Davis Selected Advisers grew its holdings in Capital One Financial by 43.7% in the third quarter. Davis Selected Advisers now owns 11,581,237 shares of the financial services provider’s stock worth $980,149,000 after purchasing an additional 3,519,332 shares during the period. Finally, Harris Associates L P grew its holdings in Capital One Financial by 7.9% in the second quarter. Harris Associates L P now owns 8,063,205 shares of the financial services provider’s stock worth $666,182,000 after purchasing an additional 588,664 shares during the period. Institutional investors and hedge funds own 88.33% of the company’s stock.
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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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