Capital One (NYSE:COF) – Jefferies Group lowered their FY2018 EPS estimates for Capital One in a research note issued on Wednesday, May 16th. Jefferies Group analyst J. Hecht now forecasts that the financial services provider will post earnings per share of $9.55 for the year, down from their previous estimate of $9.99. Jefferies Group also issued estimates for Capital One’s Q4 2018 earnings at $2.23 EPS, Q1 2019 earnings at $3.18 EPS, Q3 2019 earnings at $2.64 EPS and FY2019 earnings at $10.63 EPS.
A number of other research analysts also recently commented on COF. Citigroup began coverage on Capital One in a report on Thursday, April 5th. They set a “buy” rating and a $115.00 target price on the stock. Buckingham Research raised their target price on Capital One from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Instinet cut Capital One from a “buy” rating to a “neutral” rating and lifted their price target for the company from $98.47 to $109.00 in a research report on Wednesday, February 21st. Morgan Stanley raised their price objective on Capital One from $97.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 25th. Finally, UBS assumed coverage on Capital One in a research note on Tuesday, March 27th. They set a “buy” rating and a $114.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $108.52.
Capital One (NYSE:COF) last announced its quarterly earnings results on Tuesday, April 24th. The financial services provider reported $2.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.34 by $0.31. Capital One had a return on equity of 9.23% and a net margin of 8.38%. The company had revenue of $6.90 million during the quarter, compared to analyst estimates of $6.93 billion. During the same period in the prior year, the firm posted $1.75 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis.
Institutional investors and hedge funds have recently bought and sold shares of the business. TLP Group LLC purchased a new position in Capital One during the first quarter worth about $103,000. Well Done LLC purchased a new position in Capital One in the first quarter valued at about $106,000. Bedel Financial Consulting Inc. purchased a new position in Capital One in the first quarter valued at about $107,000. Psagot Investment House Ltd. raised its position in shares of Capital One by 98.3% in the first quarter. Psagot Investment House Ltd. now owns 1,190 shares of the financial services provider’s stock valued at $114,000 after purchasing an additional 590 shares during the period. Finally, Cerebellum GP LLC bought a new stake in shares of Capital One in the fourth quarter valued at approximately $127,000. 89.71% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Kleber Santos sold 5,607 shares of Capital One stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $97.74, for a total transaction of $548,028.18. Following the transaction, the insider now owns 15,894 shares in the company, valued at $1,553,479.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Kevin S. Borgmann sold 12,214 shares of Capital One stock in a transaction on Thursday, April 26th. The stock was sold at an average price of $92.80, for a total transaction of $1,133,459.20. The disclosure for this sale can be found here. Insiders sold 293,770 shares of company stock worth $27,484,751 in the last 90 days. Company insiders own 1.73% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 24th. Investors of record on Monday, May 14th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, May 11th. This represents a $1.60 annualized dividend and a dividend yield of 1.65%. Capital One’s dividend payout ratio is 20.54%.
About Capital One
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.
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