Capital One Financial Corporation (NYSE:COF) has been given an average recommendation of “Hold” by the twenty-seven ratings firms that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation, eleven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $94.06.
COF has been the subject of a number of research reports. Nomura reiterated a “buy” rating and set a $101.00 target price on shares of Capital One Financial Corporation in a research report on Wednesday, April 26th. Wells Fargo & Company reiterated a “market perform” rating and set a $85.00 target price (down previously from $88.00) on shares of Capital One Financial Corporation in a research report on Sunday, May 21st. Deutsche Bank AG raised shares of Capital One Financial Corporation from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a report on Monday, May 1st. Morgan Stanley reissued an “overweight” rating and issued a $97.00 price target (down from $100.00) on shares of Capital One Financial Corporation in a report on Thursday, July 6th. Finally, Rafferty Capital Markets downgraded shares of Capital One Financial Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th.
In related news, CEO Richard D. Fairbank sold 367,419 shares of Capital One Financial Corporation stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $87.02, for a total value of $31,972,801.38. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.73% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Quadrature Capital Ltd bought a new stake in Capital One Financial Corporation during the fourth quarter valued at $1,640,000. Wealthfront Inc. purchased a new position in shares of Capital One Financial Corporation during the fourth quarter valued at approximately $1,000,000. Kentucky Retirement Systems purchased a new position in shares of Capital One Financial Corporation during the fourth quarter valued at approximately $3,053,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Capital One Financial Corporation during the fourth quarter valued at approximately $1,362,000. Finally, Wsfs Capital Management LLC purchased a new position in shares of Capital One Financial Corporation during the fourth quarter valued at approximately $235,000. Institutional investors and hedge funds own 87.71% of the company’s stock.
Capital One Financial Corporation (NYSE COF) opened at 85.51 on Monday. The firm has a market cap of $41.39 billion, a price-to-earnings ratio of 12.47 and a beta of 1.20. Capital One Financial Corporation has a 52-week low of $66.61 and a 52-week high of $96.92. The firm’s 50-day moving average is $83.03 and its 200-day moving average is $84.70.
Capital One Financial Corporation (NYSE:COF) last issued its earnings results on Thursday, July 20th. The financial services provider reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.06. The firm had revenue of $6.70 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business earned $1.76 earnings per share. Analysts forecast that Capital One Financial Corporation will post $7.53 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Monday, August 7th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.87%. The ex-dividend date is Thursday, August 3rd. Capital One Financial Corporation’s dividend payout ratio (DPR) is currently 23.43%.
Capital One Financial Corporation announced that its board has authorized a stock repurchase plan on Wednesday, June 28th that authorizes the company to repurchase $1.85 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to buy up to 4.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.
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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