Capital One Financial Corporation (COF) Rating Reiterated by Wedbush

Wedbush restated their sell rating on shares of Capital One Financial Corporation (NYSE:COF) in a report released on Saturday, July 22nd.

A number of other brokerages also recently issued reports on COF. Instinet upgraded Capital One Financial Corporation from a neutral rating to a buy rating and raised their price target for the stock from $97.00 to $105.00 in a research report on Wednesday, March 29th. Nomura upgraded Capital One Financial Corporation from a neutral rating to a buy rating and raised their price target for the stock from $97.00 to $105.00 in a research report on Wednesday, March 29th. Royal Bank Of Canada restated a buy rating on shares of Capital One Financial Corporation in a research report on Tuesday, April 4th. Keefe, Bruyette & Woods restated a buy rating and issued a $106.00 price target on shares of Capital One Financial Corporation in a research report on Wednesday, April 5th. Finally, Credit Suisse Group restated a hold rating and issued a $99.00 price target on shares of Capital One Financial Corporation in a research report on Friday, April 7th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $92.76.

Shares of Capital One Financial Corporation (COF) traded down 0.31% during midday trading on Friday, hitting $82.80. 1,989,254 shares of the stock were exchanged. The firm has a market cap of $40.08 billion, a PE ratio of 12.07 and a beta of 1.20. Capital One Financial Corporation has a 52-week low of $67.97 and a 52-week high of $96.92. The firm’s 50-day moving average is $83.49 and its 200 day moving average is $84.60.

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

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Capital One Financial Corporation declared that its board has initiated a stock repurchase plan on Wednesday, June 28th that authorizes the company to repurchase $1.85 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to buy up to 4.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Monday, August 7th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $1.60 annualized dividend and a yield of 1.93%. Capital One Financial Corporation’s dividend payout ratio (DPR) is presently 23.43%.

In other Capital One Financial Corporation news, CEO Richard D. Fairbank sold 367,419 shares of Capital One Financial Corporation stock in a transaction dated 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 document filed with the SEC, which is available at the SEC website. 1.73% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of COF. Guardian Life Insurance Co. of America raised 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 during the period. Savant Capital LLC raised 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 during the period. ARGA Investment Management LP raised 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 during the period. Trust Co. of Virginia VA raised 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 during the period. Finally, Quadrant Capital Group LLC raised its stake 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 during the last quarter. 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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