Compass Point Upgrades Capital One Financial (COF) to Buy

Capital One Financial (NYSE:COF) was upgraded by investment analysts at Compass Point from a “neutral” rating to a “buy” rating in a report issued on Friday. The brokerage currently has a $122.00 price objective on the financial services provider’s stock, up from their previous price objective of $99.52. Compass Point’s target price would indicate a potential upside of 21.39% from the company’s previous close.

COF has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Capital One Financial from a “sell” rating to a “hold” rating in a report on Monday, October 9th. BMO Capital Markets reaffirmed a “buy” rating and issued a $116.00 target price on shares of Capital One Financial in a research report on Friday, October 6th. Bank of America upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and set a $107.00 price target on the stock in a research note on Monday, December 18th. Piper Jaffray Companies began coverage on shares of Capital One Financial in a research note on Thursday, September 21st. They issued an “underweight” rating and a $81.00 price target on the stock. Finally, Wedbush set a $95.00 price target on shares of Capital One Financial and gave the stock a “hold” rating in a research note on Monday, December 11th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have given a buy rating to the company’s stock. Capital One Financial has a consensus rating of “Hold” and an average price target of $98.19.

Shares of Capital One Financial (COF) opened at $100.50 on Friday. Capital One Financial has a 1 year low of $76.05 and a 1 year high of $101.43. The stock has a market cap of $48,720.00, a P/E ratio of 14.10, a price-to-earnings-growth ratio of 1.48 and a beta of 1.28. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.06 and a current ratio of 1.07.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, October 24th. The financial services provider reported $2.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.27. The business had revenue of $6.99 billion during the quarter, compared to analyst estimates of $6.81 billion. Capital One Financial had a net margin of 13.34% and a return on equity of 8.25%. Capital One Financial’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.03 earnings per share. equities research analysts anticipate that Capital One Financial will post 7.97 EPS for the current year.

In related news, Director Ann F. Hackett sold 7,000 shares of the firm’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $98.00, for a total value of $686,000.00. Following the completion of the sale, the director now directly owns 65,011 shares in the company, valued at $6,371,078. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Robert M. Alexander sold 5,000 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $92.18, for a total value of $460,900.00. Following the completion of the sale, the insider now owns 89,603 shares of the company’s stock, valued at $8,259,604.54. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 221,914 shares of company stock valued at $20,953,562. Insiders own 1.73% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Federated Investors Inc. PA grew its stake in Capital One Financial by 36.7% in the second quarter. Federated Investors Inc. PA now owns 20,957 shares of the financial services provider’s stock valued at $1,732,000 after purchasing an additional 5,624 shares during the last quarter. Victory Capital Management Inc. grew its stake in Capital One Financial by 10.8% in the second quarter. Victory Capital Management Inc. now owns 24,411 shares of the financial services provider’s stock valued at $2,017,000 after purchasing an additional 2,385 shares during the last quarter. Point View Wealth Management Inc. grew its stake in Capital One Financial by 20.2% in the second quarter. Point View Wealth Management Inc. now owns 2,879 shares of the financial services provider’s stock valued at $238,000 after purchasing an additional 483 shares during the last quarter. Zweig DiMenna Associates LLC grew its stake in Capital One Financial by 808.9% in the second quarter. Zweig DiMenna Associates LLC now owns 24,541 shares of the financial services provider’s stock valued at $2,028,000 after purchasing an additional 21,841 shares during the last quarter. Finally, Parallel Advisors LLC grew its stake in Capital One Financial by 5.2% in the second quarter. Parallel Advisors LLC now owns 3,609 shares of the financial services provider’s stock valued at $311,000 after purchasing an additional 179 shares during the last quarter. Institutional investors and hedge funds own 88.33% of the company’s stock.

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Capital One Financial 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 (NYSE:COF)

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