Capital One Financial (COF) Now Covered by Citigroup

Citigroup initiated coverage on shares of Capital One Financial (NYSE:COF) in a report issued on Thursday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $115.00 target price on the financial services provider’s stock.

A number of other brokerages have also recently issued reports on COF. Piper Jaffray raised Capital One Financial from an underweight rating to a neutral rating and set a $81.00 price objective for the company in a report on Monday, December 18th. Bank of America raised Capital One Financial from a neutral rating to a buy rating and set a $107.00 price objective for the company in a report on Monday, December 18th. Buckingham Research lifted their price objective on Capital One Financial from $110.00 to $120.00 and gave the company a buy rating in a report on Wednesday, January 24th. Wells Fargo reissued an outperform rating and set a $117.00 price objective (up from $112.00) on shares of Capital One Financial in a report on Wednesday, January 24th. Finally, Credit Suisse Group lifted their price objective on Capital One Financial from $106.00 to $110.00 and gave the company a neutral rating in a report on Wednesday, January 24th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $107.32.

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Shares of NYSE COF opened at $94.72 on Thursday. The firm has a market cap of $46,061.11, a price-to-earnings ratio of 12.22, a P/E/G ratio of 0.84 and a beta of 1.31. Capital One Financial has a 52-week low of $76.05 and a 52-week high of $106.50. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 1.07.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.85 by ($0.23). The company had revenue of $7 billion for the quarter, compared to the consensus estimate of $7.12 billion. Capital One Financial had a net margin of 6.89% and a return on equity of 8.36%. The firm’s revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.45 earnings per share. sell-side analysts predict that Capital One Financial will post 9.81 earnings per share for the current year.

Capital One Financial announced that its Board of Directors has authorized a stock buyback program on Tuesday, December 26th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

In other Capital One Financial news, insider Kleber Santos sold 1,711 shares of the business’s stock in a transaction dated Thursday, March 22nd. The stock was sold at an average price of $97.00, for a total transaction of $165,967.00. Following the completion of the sale, the insider now directly owns 15,894 shares of the company’s stock, valued at approximately $1,541,718. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard D. Fairbank sold 485,202 shares of the business’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $105.09, for a total value of $50,989,878.18. The disclosure for this sale can be found here. Insiders have sold a total of 585,692 shares of company stock valued at $61,375,379 over the last three months. Company insiders own 1.73% of the company’s stock.

Several institutional investors have recently bought and sold shares of COF. Dimensional Fund Advisors LP grew its position in shares of Capital One Financial by 2.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,504,636 shares of the financial services provider’s stock worth $381,341,000 after buying an additional 90,233 shares during the period. Commerzbank Aktiengesellschaft FI acquired a new position in shares of Capital One Financial during the 3rd quarter worth about $1,563,000. Private Advisor Group LLC grew its position in shares of Capital One Financial by 24.3% during the 3rd quarter. Private Advisor Group LLC now owns 13,372 shares of the financial services provider’s stock worth $1,160,000 after buying an additional 2,613 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Capital One Financial by 47.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 77,689 shares of the financial services provider’s stock worth $6,576,000 after buying an additional 25,074 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec grew its position in shares of Capital One Financial by 2.0% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 130,275 shares of the financial services provider’s stock worth $11,075,000 after buying an additional 2,600 shares during the period. Institutional investors own 90.06% of the company’s stock.

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Capital One Financial Company Profile

Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

Analyst Recommendations for Capital One Financial (NYSE:COF)

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