Capital One Financial (NYSE: COF) Share price down 5.4% on analyst rating downgrade


Shares of Capital One Financial Co. (NYSE: COF) fell 5.4% on Wednesday after Bank of America lowered its share price target from $ 190.00 to $ 186.00. Bank of America currently has a buy rating on the stock. Capital One Financial traded as low as $ 154.42 and last traded at $ 155.87. 54,620 shares changed hands at midday, down 98% from the average session volume of 3,082,569 shares. The stock previously closed at $ 164.85.

Several other research analysts also commented on the COF. Royal Bank of Canada raised its price target on Capital One Financial shares from $ 165.00 to $ 175.00 and assigned the stock a “sector performance” rating in a research note on Friday 23 July. JPMorgan Chase & Co. raised its price target on Capital One Financial shares from $ 191.00 to $ 192.00 and rated the stock “overweight” in a research note on Wednesday. Robert W. Baird downgraded Capital One Financial’s shares from a “neutral” to an “underperforming” rating and lowered their target price for the share from $ 175.80 to $ 145.00 in a research note Monday, August 30. Barclays raised its price target on Capital One Financial shares from $ 197.00 to $ 205 and rated the stock “overweight” in a research note on Wednesday. Finally, Morgan Stanley raised its price target on Capital One Financial shares from $ 174.00 to $ 212.00 and assigned the stock an “overweight” rating in a research note on Thursday, July 29. One investment analyst assigned a sell rating to the stock, five assigned a conservation rating, thirteen assigned a buy rating, and one assigned a high buy rating to the stock. According to data from MarketBeat.com, Capital One Financial has an average rating of “Buy” and an average price target of $ 178.47.

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But this miner can sit on tons.

Separately, insider John G. Finneran, Jr. sold 20,000 shares of the company in a transaction dated Thursday, September 23. The shares were sold at an average price of $ 165.37, for a total trade of $ 3,307,400.00. The transaction was disclosed in a file with the SEC, which can be accessed through the SEC’s website. Additionally, insider Yajnik Sanjiv sold 451 shares of the company in a transaction dated Monday, September 27. The shares were sold at an average price of $ 170.00, for a total trade of $ 76,670.00. Disclosure of this sale can be found here. In the past ninety days, insiders have sold 32,718 shares of the company valued at $ 5,521,349. 1.31% of the capital is held by insiders.

A number of hedge funds and other institutional investors have recently changed their holdings to COF. Factorial Partners LLC strengthened its position in Capital One Financial by 11,757.5% in the first quarter. Factorial Partners LLC now owns 5,229,153 shares of the financial services provider valued at $ 41,100,000 after purchasing an additional 5,185,053 shares in the last quarter. Bank of America Corp DE strengthened its position in Capital One Financial by 27.8% in the 2nd quarter. Bank of America Corp DE now owns 8,148,023 shares of the financial services provider valued at $ 1,260,419,000 after purchasing an additional 1,771,101 shares in the last quarter. UBS Asset Management Americas Inc. strengthened its position in Capital One Financial by 82.9% in the 1st quarter. UBS Asset Management Americas Inc. now owns 3,672,283 shares of the financial services provider valued at $ 467,225,000 after purchasing an additional 1,664,114 shares in the last quarter. Fisher Asset Management LLC strengthened its position in Capital One Financial by 32.5% in the 2nd quarter. Fisher Asset Management LLC now owns 4,013,284 shares of the financial services provider valued at $ 620,815,000 after purchasing an additional 983,352 shares in the last quarter. Finally, Morgan Stanley strengthened its position in Capital One Financial by 62.7% in the 1st quarter. Morgan Stanley now owns 2,453,381 shares of the financial services provider valued at $ 312,144,000 after purchasing an additional 945,092 shares in the last quarter. Hedge funds and other institutional investors hold 88.51% of the company’s shares.

The company has a current ratio of 0.91, a quick ratio of 0.89, and a debt ratio of 0.55. The company has a 50-day simple moving average of $ 165.55 and a 200-day simple moving average of $ 158.11. The company has a market cap of $ 69.55 billion, a PE ratio of 6.58, a price / earnings-growth ratio of 0.30 and a beta of 1.77.

Capital One Financial (NYSE: COF) last released its quarterly earnings data on Tuesday, October 26. The financial services provider announced EPS of $ 6.86 for the quarter, beating the Thomson Reuters consensus estimate of $ 4.99 by $ 1.87. Capital One Financial posted a return on equity of 19.07% and a net margin of 37.90%. The company posted revenue of $ 7.83 billion for the quarter, compared to analysts’ estimates of $ 7.45 billion. In the same quarter of the previous year, the company posted EPS of $ 5.05. The quarterly turnover of the activity is up 6.1% compared to the same quarter last year. On average, stock analysts expect Capital One Financial Co. to post earnings per share of 24.3 for the current year.

Capital One Financial Company Profile (NYSE: COF)

Capital One Financial Corp. operates as a financial holding company. The company engages in the provision of financial products and services. It operates in the following segments: Credit Card, Personal Banking and Commercial Banking. The credit card segment provides personal and small business card loans, as well as international card lending activities.

Further reading: Cross of death

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