Capital One Financial Corporation (NYSE:COF) Lowered to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Capital One Financial Corporation (NYSE:COF) from a buy rating to a hold rating in a report published on Monday, October 30th.

According to Zacks, “Capital One’s shares have underperformed the industry in the last six months. The company surpassed the Zacks Consensus Estimate for earnings only in two of the trailing four quarters. The company’s third quarter 2017 results were driven by higher revenues and easing margin pressure, while a rise in operating expenses and higher credit costs were undermining factors. A solid liquidity position and strength in the credit card and online banking businesses position it well for long term growth. The acquisition of Cabela's credit card portfolio further supports the company's prospects. However, continuously increasing expenses (mainly due to a rise in salaries and marketing costs) will hurt the company's bottom-line growth. Also, its asset quality is expected to remain under pressure due to losses in the auto portfolio and U.S. card business.”

Several other equities research analysts have also recently commented on the company. Morgan Stanley lowered Capital One Financial Corporation from an overweight rating to an equal weight rating and lowered their price objective for the stock from $97.00 to $83.00 in a research report on Friday, September 8th. Robert W. Baird reiterated a hold rating and issued a $84.00 price objective on shares of Capital One Financial Corporation in a research report on Tuesday, September 5th. Keefe, Bruyette & Woods reiterated a buy rating and issued a $106.00 price objective on shares of Capital One Financial Corporation in a research report on Friday, September 15th. Bank of America Corporation increased their price objective on Capital One Financial Corporation from $89.00 to $91.00 and gave the stock a neutral rating in a research report on Wednesday, October 25th. Finally, Piper Jaffray Companies reiterated a sell rating and issued a $81.00 price objective on shares of Capital One Financial Corporation in a research report on Friday, October 27th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $95.52.

Shares of Capital One Financial Corporation (NYSE COF) opened at $87.83 on Monday. The company has a market capitalization of $42,575.07, a PE ratio of 11.59, a PEG ratio of 1.31 and a beta of 1.30. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 1.17. Capital One Financial Corporation has a one year low of $76.05 and a one year high of $96.92.

Capital One Financial Corporation (NYSE:COF) last announced its earnings results on Tuesday, October 24th. The financial services provider reported $2.42 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.27. Capital One Financial Corporation had a return on equity of 8.25% and a net margin of 13.34%. The business had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $6.81 billion. During the same quarter in the prior year, the firm earned $2.03 earnings per share. The business’s revenue was up 8.1% compared to the same quarter last year. research analysts expect that Capital One Financial Corporation will post 7.94 EPS for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Monday, November 13th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date is Friday, November 10th. Capital One Financial Corporation’s dividend payout ratio (DPR) is currently 22.63%.

In other news, Director Mayo A. Shattuck III sold 24,167 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $92.71, for a total transaction of $2,240,522.57. Following the sale, the director now owns 59,613 shares of the company’s stock, valued at approximately $5,526,721.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ann F. Hackett sold 11,055 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $91.18, for a total value of $1,007,994.90. Following the sale, the director now directly owns 69,066 shares in the company, valued at approximately $6,297,437.88. The disclosure for this sale can be found here. Insiders sold a total of 43,514 shares of company stock worth $4,011,299 in the last 90 days. 1.73% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of COF. BlackRock Inc. raised its position in shares of Capital One Financial Corporation by 3,066.1% during the 1st quarter. BlackRock Inc. now owns 31,294,690 shares of the financial services provider’s stock worth $2,711,996,000 after purchasing an additional 30,306,250 shares during the last quarter. Davis Selected Advisers raised its position in shares of Capital One Financial Corporation by 112.8% during the 2nd quarter. Davis Selected Advisers now owns 8,061,905 shares of the financial services provider’s stock worth $666,075,000 after purchasing an additional 4,274,053 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Capital One Financial Corporation by 71.8% during the 1st quarter. AQR Capital Management LLC now owns 3,255,551 shares of the financial services provider’s stock worth $282,126,000 after purchasing an additional 1,360,057 shares during the last quarter. Point72 Asset Management L.P. raised its position in shares of Capital One Financial Corporation by 229.4% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,647,291 shares of the financial services provider’s stock worth $139,460,000 after purchasing an additional 1,147,191 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Capital One Financial Corporation by 107.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,989,104 shares of the financial services provider’s stock worth $164,340,000 after purchasing an additional 1,031,829 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Capital One Financial Corporation Company Profile

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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