Capital One Financial Corporation (NYSE:COF) Stock Rating Reaffirmed by CIBC

CIBC reaffirmed their underperform rating on shares of Capital One Financial Corporation (NYSE:COF) in a research report sent to investors on Tuesday, July 11th.

Other research analysts have also issued research reports about the company. BMO Capital Markets restated a buy rating and issued a $103.00 price objective on shares of Capital One Financial Corporation in a report on Tuesday, June 20th. Oppenheimer Holdings, Inc. set a $82.00 price objective on Capital One Financial Corporation and gave the company a sell rating in a report on Tuesday, July 11th. Keefe, Bruyette & Woods restated a buy rating and issued a $106.00 price objective on shares of Capital One Financial Corporation in a report on Friday, June 16th. Instinet upgraded Capital One Financial Corporation from a neutral rating to a buy rating and raised their price objective for the company from $97.00 to $105.00 in a report on Wednesday, March 29th. Finally, BidaskClub upgraded Capital One Financial Corporation from a strong sell rating to a sell rating in a report on Saturday, June 10th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Capital One Financial Corporation presently has a consensus rating of Hold and an average price target of $92.76.

Capital One Financial Corporation (COF) traded down 0.31% during trading on Tuesday, hitting $82.80. 1,983,573 shares of the stock traded hands. The stock has a 50 day moving average price of $83.42 and a 200-day moving average price of $84.63. Capital One Financial Corporation has a 52-week low of $67.18 and a 52-week high of $96.92. The stock has a market cap of $40.08 billion, a P/E ratio of 12.07 and a beta of 1.20.

Capital One Financial Corporation (NYSE:COF) last announced its earnings results on Thursday, July 20th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $6.70 billion for the quarter, compared to analyst estimates of $6.68 billion. During the same quarter last year, the firm posted $1.76 EPS. The business’s revenue was up 7.2% on a year-over-year basis. On average, analysts anticipate that Capital One Financial Corporation will post $7.54 EPS for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Monday, August 7th 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 1.93%. The ex-dividend date of this dividend is Thursday, August 3rd. Capital One Financial Corporation’s payout ratio is 23.43%.

Capital One Financial Corporation announced that its Board of Directors has initiated a share repurchase program on Wednesday, June 28th that allows the company to buyback $1.85 billion in shares. This buyback authorization allows the financial services provider to purchase up to 4.6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

In related news, CEO Richard D. Fairbank sold 367,419 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $87.02, for a total transaction of $31,972,801.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.73% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Guardian Life Insurance Co. of America increased its position in 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 valued at $161,000 after buying an additional 11 shares in the last quarter. Savant Capital LLC increased its position in Capital One Financial Corporation by 0.9% in the second quarter. Savant Capital LLC now owns 3,213 shares of the financial services provider’s stock valued at $265,000 after buying an additional 28 shares in the last quarter. ARGA Investment Management LP increased its position in Capital One Financial Corporation by 0.3% in the second quarter. ARGA Investment Management LP now owns 11,002 shares of the financial services provider’s stock valued at $909,000 after buying an additional 32 shares in the last quarter. Trust Co. of Virginia VA increased its position in Capital One Financial Corporation by 0.8% in the first quarter. Trust Co. of Virginia VA now owns 4,578 shares of the financial services provider’s stock valued at $397,000 after buying an additional 35 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its position 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 in the last quarter. 87.71% 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.

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