Capital One Financial (NYSE:COF) was downgraded by TheStreet investment analysts from a “b” rating to a “c+” rating in a research report released to clients and investors on Wednesday, TheStreetRatingsTable reports.
A number of other brokerages have also recently commented on the COF. Citigroup raised its price target on Capital One Financial shares from $185.00 to $189.00 and gave the company a “buy” rating in a Thursday, March 24 research report. Bank of America lowered its price target on Capital One Financial shares from $185.00 to $167.00 in a Thursday, March 17 research note. Wells Fargo & Company cut its price target on Capital One Financial shares from $180.00 to $165.00 and set an “overweight” rating for the company in a Wednesday, April 6 research note. StockNews.com purported coverage of Capital One Financial stock in a Thursday, March 31 research note. They set a “hold” rating for the company. Finally, BMO Capital Markets cut its price target on Capital One Financial shares from $200.00 to $188.00 and set a “buy” rating for the company in a Wednesday, April 27 research note. One investment analyst gave the stock a sell rating, eight gave the company a hold rating and fourteen gave the company a buy rating. According to data from MarketBeat.com, Capital One Financial currently has a consensus rating of “Moderate Buy” and an average target price of $168.35.
COF opened at $104.19 on Wednesday. Capital One Financial has a 12 month minimum of $98.54 and a 12 month maximum of $177.95. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt ratio of 0.79. The company’s 50-day simple moving average is $118.79 and its 200-day simple moving average is $135.21. The company has a market capitalization of $40.95 billion, a price-earnings ratio of 4.10, a PEG ratio of 0.32 and a beta of 1.44.
Capital One Financial (NYSE: COF – Get a rating) last released its quarterly results on Tuesday, April 26. The financial services provider reported earnings per share (EPS) of $5.62 for the quarter, beating analyst consensus estimates of $5.39 by $0.23. Capital One Financial had a return on equity of 18.66% and a net margin of 34.71%. The company posted revenue of $8.17 billion for the quarter, versus a consensus estimate of $8.02 billion. In the same quarter of the previous year, the company achieved EPS of $7.03. The company’s revenues increased by 14.9% compared to the same quarter last year. On average, equity research analysts expect Capital One Financial to post EPS of 20.14 for the current year.
In other news, Insider Sheldon Room sold 14,504 shares in a trade dated Thursday, May 26. The shares were sold at an average price of $125.00, for a total value of $1,813,000.00. Following the completion of the sale, the insider now directly owns 68,337 shares of the company, valued at $8,542,125. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available via this link. 1.27% of the shares are held by insiders.
Hedge funds have recently changed their stakes in the company. Norges Bank acquired a new position in Capital One Financial in the fourth quarter worth approximately $528,618,000. First Trust Advisors LP increased its stake in Capital One Financial by 603.3% in the first quarter. First Trust Advisors LP now owns 1,731,554 shares of the financial services provider valued at $227,336,000 after acquiring an additional 1,485,339 shares in the last quarter. Robeco Institutional Asset Management BV increased its stake in Capital One Financial by 79.5% in the first quarter. Robeco Institutional Asset Management BV now owns 2,515,833 shares of the financial services provider valued at $330,303,000 after acquiring an additional 1,114,456 shares in the last quarter. Fisher Asset Management LLC increased its holdings in Capital One Financial by 18.9% in the first quarter. Fisher Asset Management LLC now owns 6,941,839 shares of the financial services provider valued at $911,394,000 after acquiring an additional 1,105,809 shares in the last quarter. Finally, Marshall Wace LLP increased its position in Capital One Financial by 707.1% in the fourth quarter. Marshall Wace LLP now owns 1,109,779 shares of the financial services provider valued at $161,019,000 after purchasing an additional 972,274 shares during the period. 89.31% of the shares are currently held by institutional investors.
Capital One Financial Company Profile (Get a rating)
Capital One Financial Corporation operates as the financial services holding company for Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, Canada and the United Kingdom. It operates through three segments: Credit Cards, Consumer Banking and Business Banking.
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Capital One Financial right now?
Before you consider Capital One Financial, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes hold…and Capital One Financial wasn’t on the list.
While Capital One Financial currently has a “moderate buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here