Capital One Financial (COF) Given Buy Rating at Royal Bank of Canada

Capital One Financial (NYSE:COF)‘s stock had its “buy” rating restated by equities researchers at Royal Bank of Canada in a research report issued to clients and investors on Tuesday. They presently have a $113.00 price objective on the financial services provider’s stock. Royal Bank of Canada’s price objective indicates a potential upside of 9.56% from the company’s current price.

A number of other equities analysts have also issued reports on the stock. Piper Jaffray Companies upgraded shares of Capital One Financial from an “underweight” rating to a “neutral” rating and set a $81.00 target price for the company in a research report on Monday, December 18th. Bank of America upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and set a $107.00 target price for the company in a research report on Monday, December 18th. Wedbush set a $95.00 target price on shares of Capital One Financial and gave the company a “hold” rating in a research report on Monday, December 11th. Zacks Investment Research upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a research report on Friday, October 27th. Finally, Compass Point upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and increased their target price for the company from $99.52 to $122.00 in a research report on Friday, December 22nd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the stock. Capital One Financial has an average rating of “Hold” and an average price target of $102.14.

Shares of Capital One Financial (NYSE COF) traded up $1.45 on Tuesday, reaching $103.14. 2,620,600 shares of the company were exchanged, compared to its average volume of 2,106,100. The company has a market cap of $50,000.00, a price-to-earnings ratio of 14.47, a PEG ratio of 1.38 and a beta of 1.28. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 1.17. Capital One Financial has a 12-month low of $76.05 and a 12-month high of $103.70.

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 Zacks’ consensus estimate of $2.15 by $0.27. The firm 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 was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.03 EPS. research analysts anticipate that Capital One Financial will post 7.96 earnings per share for the current fiscal year.

Capital One Financial announced that its board has approved a share repurchase plan on Tuesday, December 26th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

In other Capital One Financial news, insider Yajnik Sanjiv sold 156,278 shares of the company’s stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $100.00, for a total transaction of $15,627,800.00. Following the completion of the sale, the insider now directly owns 199,216 shares of the company’s stock, valued at $19,921,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ann F. Hackett sold 6,361 shares of the company’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $102.00, for a total transaction of $648,822.00. Following the sale, the director now directly owns 64,372 shares of the company’s stock, valued at $6,565,944. The disclosure for this sale can be found here. Insiders have sold 435,282 shares of company stock valued at $42,264,713 over the last ninety days. Insiders own 1.73% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Harvest Capital Management Inc purchased a new stake in Capital One Financial during the fourth quarter valued at about $224,000. DnB Asset Management AS lifted its position in shares of Capital One Financial by 1.4% in the fourth quarter. DnB Asset Management AS now owns 52,038 shares of the financial services provider’s stock worth $5,182,000 after purchasing an additional 700 shares in the last quarter. Abner Herrman & Brock LLC purchased a new stake in shares of Capital One Financial in the fourth quarter worth approximately $219,000. Prudential Financial Inc. lifted its position in shares of Capital One Financial by 21.3% in the third quarter. Prudential Financial Inc. now owns 2,775,787 shares of the financial services provider’s stock worth $234,999,000 after purchasing an additional 487,880 shares in the last quarter. Finally, Atlantic Trust Group LLC lifted its position in shares of Capital One Financial by 0.3% in the third quarter. Atlantic Trust Group LLC now owns 1,061,862 shares of the financial services provider’s stock worth $89,897,000 after purchasing an additional 3,448 shares in the last quarter. 88.33% of the stock is owned by institutional investors.

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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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