Capital One Financial’s (COF) Neutral Rating Reaffirmed at Credit Suisse Group

Credit Suisse Group reissued their neutral rating on shares of Capital One Financial (NYSE:COF) in a report released on Wednesday.

A number of other analysts have also issued reports on the company. Zacks Investment Research raised Capital One Financial from a hold rating to a buy rating and set a $111.00 target price on the stock in a research report on Tuesday. Compass Point raised Capital One Financial from a neutral rating to a buy rating and boosted their target price for the company from $99.52 to $122.00 in a research report on Friday, December 22nd. Bank of America raised Capital One Financial from a neutral rating to a buy rating and set a $107.00 target price on the stock in a research report on Monday, December 18th. Piper Jaffray Companies raised Capital One Financial from an underweight rating to a neutral rating and set a $81.00 target price on the stock in a research report on Monday, December 18th. Finally, Wedbush set a $95.00 target price on Capital One Financial and gave the company a hold rating in a research report on Monday, December 11th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirteen have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $98.62.

Capital One Financial (NYSE COF) opened at $99.75 on Wednesday. Capital One Financial has a twelve month low of $76.05 and a twelve month high of $101.43. The company has a market capitalization of $48,320.00, a P/E ratio of 13.99, a P/E/G ratio of 1.50 and a beta of 1.28. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.07 and a quick ratio of 1.06.

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

Capital One Financial declared that its board has approved a stock repurchase plan on Tuesday, December 26th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

In other Capital One Financial news, Director Ann F. Hackett sold 11,055 shares of the company’s stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $91.18, for a total value of $1,007,994.90. Following the completion of the transaction, the director now owns 69,066 shares in the company, valued at $6,297,437.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Slocum sold 8,292 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $91.99, for a total transaction of $762,781.08. Following the completion of the transaction, the insider now owns 53,613 shares of the company’s stock, valued at approximately $4,931,859.87. The disclosure for this sale can be found here. Insiders sold 221,914 shares of company stock valued at $20,953,562 in the last 90 days. 1.73% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in COF. BB&T Investment Services Inc. acquired a new stake in shares of Capital One Financial during the second quarter worth about $108,000. Seven Eight Capital LP boosted its stake in shares of Capital One Financial by 16.7% during the second quarter. Seven Eight Capital LP now owns 1,400 shares of the financial services provider’s stock worth $116,000 after buying an additional 200 shares during the period. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Capital One Financial by 47.1% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,652 shares of the financial services provider’s stock worth $137,000 after buying an additional 529 shares during the period. Archford Capital Strategies LLC boosted its stake in shares of Capital One Financial by 8,078.3% during the second quarter. Archford Capital Strategies LLC now owns 4,907 shares of the financial services provider’s stock worth $140,000 after buying an additional 4,847 shares during the period. Finally, Westside Investment Management Inc. boosted its stake in shares of Capital One Financial by 48.0% during the second quarter. Westside Investment Management Inc. now owns 1,745 shares of the financial services provider’s stock worth $143,000 after buying an additional 566 shares during the period. Institutional investors own 88.33% of the company’s stock.

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About Capital One Financial

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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