Capital One Financial Corporation (NYSE:COF) Raised to Market Perform at CIBC

CIBC upgraded shares of Capital One Financial Corporation (NYSE:COF) from an underperform rating to a market perform rating in a research report released on Friday, July 21st.

Several other equities research analysts also recently commented on the company. Oppenheimer Holdings, Inc. raised Capital One Financial Corporation from an underperform rating to a market perform rating and set a $82.00 target price for the company in a report on Friday, July 21st. UBS AG raised Capital One Financial Corporation from an underperform rating to a market perform rating in a research note on Friday, July 21st. BidaskClub downgraded Capital One Financial Corporation from a hold rating to a sell rating in a research note on Wednesday, July 12th. Instinet reissued a buy rating and issued a $96.00 price objective (down from $101.00) on shares of Capital One Financial Corporation in a research note on Wednesday, July 12th. Finally, Zacks Investment Research downgraded Capital One Financial Corporation from a hold rating to a sell rating in a research note on Tuesday, July 11th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $92.76.

Capital One Financial Corporation (NYSE:COF) traded down 0.56% on Friday, reaching $81.53. 2,415,346 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $83.77 and a 200-day moving average of $84.40. The stock has a market cap of $39.46 billion, a price-to-earnings ratio of 11.89 and a beta of 1.20. Capital One Financial Corporation has a one year low of $68.08 and a one year high of $96.92.

Capital One Financial Corporation (NYSE:COF) last announced its earnings results on Thursday, July 20th. The financial services provider reported $1.96 EPS for the quarter, beating the consensus estimate of $1.90 by $0.06. Capital One Financial Corporation had a return on equity of 7.92% and a net margin of 13.32%. The business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $6.68 billion. During the same period in the prior year, the business posted $1.76 earnings per share. Capital One Financial Corporation’s revenue was up 7.2% compared to the same quarter last year. Equities research analysts forecast that Capital One Financial Corporation will post $7.54 EPS for the current fiscal year.

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The firm also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Monday, August 7th were issued a dividend of $0.40 per share. The ex-dividend date was Thursday, August 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 1.96%. Capital One Financial Corporation’s dividend payout ratio is 23.43%.

Capital One Financial Corporation announced that its board has authorized a share buyback plan on Wednesday, June 28th that allows the company to buyback $1.85 billion in shares. This buyback authorization allows the financial services provider to repurchase up to 4.6% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

In other news, CEO Richard D. Fairbank sold 367,419 shares of Capital One Financial Corporation stock in a transaction on Wednesday, July 26th. The stock was 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 Securities & Exchange Commission, which can be accessed through the SEC website. 1.73% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. BB&T Investment Services Inc. purchased a new stake in Capital One Financial Corporation during the second quarter valued at approximately $108,000. Seven Eight Capital LP boosted its stake in Capital One Financial Corporation by 16.7% in the second quarter. Seven Eight Capital LP now owns 1,400 shares of the financial services provider’s stock valued at $116,000 after buying an additional 200 shares during the period. Quadrant Capital Group LLC boosted its stake in 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 valued at $121,000 after buying an additional 36 shares during the period. Bronfman E.L. Rothschild L.P. boosted its stake in Capital One Financial Corporation by 47.1% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,652 shares of the financial services provider’s stock valued at $137,000 after buying an additional 529 shares during the period. Finally, Archford Capital Strategies LLC boosted its stake in Capital One Financial Corporation by 8,078.3% in the second quarter. Archford Capital Strategies LLC now owns 4,907 shares of the financial services provider’s stock valued at $140,000 after buying an additional 4,847 shares during the period. 87.56% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Capital One Financial Corporation (NYSE:COF)

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