Capital One Financial Corporation (COF) Stock Rating Reaffirmed by Oppenheimer Holdings, Inc.

Capital One Financial Corporation (NYSE:COF)‘s stock had its “underperform” rating reissued by investment analysts at Oppenheimer Holdings, Inc. in a research report issued on Wednesday, July 12th, StockTargetPrices.com reports. Oppenheimer Holdings also issued estimates for Capital One Financial Corporation’s Q2 2017 earnings at $1.95 EPS, Q3 2017 earnings at $2.12 EPS, Q4 2017 earnings at $1.66 EPS, FY2017 earnings at $7.24 EPS and FY2018 earnings at $7.96 EPS.

COF has been the topic of several other research reports. CIBC decreased their price target on shares of Capital One Financial Corporation from $84.00 to $80.00 and set an “underperform” rating on the stock in a research note on Wednesday, April 26th. Nomura upgraded shares of Capital One Financial Corporation from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $97.00 to $105.00 in a research note on Wednesday, March 29th. Evercore ISI restated an “underperform” rating and issued a $94.00 target price on shares of Capital One Financial Corporation in a report on Wednesday, April 19th. Zacks Investment Research downgraded shares of Capital One Financial Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $97.00 price target (down from $100.00) on shares of Capital One Financial Corporation in a report on Thursday, July 6th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $92.90.

Capital One Financial Corporation (COF) traded up 0.42% on Wednesday, hitting $85.51. The company had a trading volume of 1,993,639 shares. Capital One Financial Corporation has a one year low of $66.61 and a one year high of $96.92. The company has a market capitalization of $41.39 billion, a P/E ratio of 12.47 and a beta of 1.20. The stock’s 50-day moving average price is $83.03 and its 200 day moving average price is $84.70.

Capital One Financial Corporation (NYSE:COF) last issued its quarterly earnings results 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. Capital One Financial Corporation had a net margin of 13.32% and a return on equity of 7.92%. The business had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $6.68 billion. During the same quarter last year, the company posted $1.76 EPS. The company’s revenue was up 7.2% compared to the same quarter last year. On average, analysts expect that Capital One Financial Corporation will post $7.53 EPS for the current fiscal year.

Capital One Financial Corporation announced that its board has initiated a stock buyback program on Wednesday, June 28th that permits the company to buyback $1.85 billion in shares. This buyback authorization permits the financial services provider to purchase up to 4.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

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In related news, CEO Richard D. Fairbank sold 367,419 shares of the firm’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.73% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Israel Discount Bank of New York GFN acquired a new position in shares of Capital One Financial Corporation during the fourth quarter worth $123,000. Quadrant Capital Group LLC increased its position in shares of Capital One Financial Corporation by 2.5% in the first quarter. Quadrant Capital Group LLC now owns 1,472 shares of the financial services provider’s stock worth $121,000 after buying an additional 36 shares in the last quarter. Guardian Life Insurance Co. of America increased its position in shares of Capital One Financial Corporation by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 1,860 shares of the financial services provider’s stock worth $161,000 after buying an additional 11 shares in the last quarter. SRS Capital Advisors Inc. increased its position in shares of Capital One Financial Corporation by 16.6% in the first quarter. SRS Capital Advisors Inc. now owns 2,289 shares of the financial services provider’s stock worth $198,000 after buying an additional 326 shares in the last quarter. Finally, Lowe Brockenbrough & Co. Inc. bought a new stake in shares of Capital One Financial Corporation during the first quarter valued at $207,000. Hedge funds and other institutional investors own 87.71% 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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Analyst Recommendations for Capital One Financial Corporation (NYSE:COF)

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