Capital One Financial Corp. (COF) Receives Consensus Rating of “Buy” from Analysts

Capital One Financial Corp. (NYSE:COF) has been assigned a consensus recommendation of “Buy” from the twenty-one research firms that are covering the stock, MarketBeat reports. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $113.41.

A number of equities research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Capital One Financial from a “buy” rating to a “hold” rating in a report on Monday, August 13th. UBS Group raised shares of Capital One Financial from a “market perform” rating to an “outperform” rating in a research note on Monday, July 9th. Morgan Stanley increased their target price on shares of Capital One Financial from $104.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Friday, July 20th. BMO Capital Markets increased their target price on shares of Capital One Financial from $126.00 to $132.00 and gave the stock an “outperform” rating in a research note on Friday, July 20th. Finally, Oppenheimer set a $116.00 target price on shares of Capital One Financial and gave the stock a “buy” rating in a research note on Tuesday, September 18th.

Shares of COF traded down $0.80 during mid-day trading on Wednesday, reaching $90.83. The stock had a trading volume of 18,741 shares, compared to its average volume of 2,420,013. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.06. Capital One Financial has a 52-week low of $85.17 and a 52-week high of $106.50. The firm has a market capitalization of $45.42 billion, a P/E ratio of 11.66, a P/E/G ratio of 0.81 and a beta of 1.29.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Thursday, July 19th. The financial services provider reported $3.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.63 by $0.59. Capital One Financial had a net margin of 10.73% and a return on equity of 10.44%. The firm had revenue of $7.19 billion during the quarter, compared to analyst estimates of $6.95 billion. During the same quarter in the prior year, the firm posted $1.96 earnings per share. Capital One Financial’s quarterly revenue was up 7.3% on a year-over-year basis. Equities research analysts predict that Capital One Financial will post 11.04 earnings per share for the current fiscal year.

In other news, Director Lewis Hay III sold 16,446 shares of the stock in a transaction dated Tuesday, July 24th. The shares were sold at an average price of $100.00, for a total transaction of $1,644,600.00. Following the sale, the director now owns 61,636 shares of the company’s stock, valued at $6,163,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kevin S. Borgmann sold 19,117 shares of the stock in a transaction dated Tuesday, July 24th. The stock was sold at an average price of $100.00, for a total transaction of $1,911,700.00. Following the sale, the insider now directly owns 62,567 shares in the company, valued at approximately $6,256,700. The disclosure for this sale can be found here. Insiders have sold 281,726 shares of company stock worth $27,993,497 in the last three months. Corporate insiders own 1.40% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Welch & Forbes LLC lifted its position in shares of Capital One Financial by 0.5% during the third quarter. Welch & Forbes LLC now owns 258,832 shares of the financial services provider’s stock worth $24,572,000 after purchasing an additional 1,306 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Capital One Financial by 10.2% during the third quarter. Nisa Investment Advisors LLC now owns 214,950 shares of the financial services provider’s stock worth $20,405,000 after purchasing an additional 19,820 shares in the last quarter. Raymond James Trust N.A. lifted its position in shares of Capital One Financial by 10.0% during the third quarter. Raymond James Trust N.A. now owns 14,642 shares of the financial services provider’s stock worth $1,390,000 after purchasing an additional 1,335 shares in the last quarter. First Hawaiian Bank acquired a new stake in shares of Capital One Financial during the third quarter worth about $1,397,000. Finally, Winslow Evans & Crocker Inc. lifted its position in shares of Capital One Financial by 15.0% during the third quarter. Winslow Evans & Crocker Inc. now owns 11,666 shares of the financial services provider’s stock worth $1,110,000 after purchasing an additional 1,526 shares in the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Company Profile

Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

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Analyst Recommendations for Capital One Financial (NYSE:COF)

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