Investors Sell Capital One Financial (COF) on Strength (COF)

Traders sold shares of Capital One Financial Corp. (NYSE:COF) on strength during trading on Wednesday. $50.09 million flowed into the stock on the tick-up and $70.02 million flowed out of the stock on the tick-down, for a money net flow of $19.93 million out of the stock. Of all stocks tracked, Capital One Financial had the 33rd highest net out-flow for the day. Capital One Financial traded up $1.45 for the day and closed at $103.14

Several analysts recently weighed in on COF shares. Keefe, Bruyette & Woods restated a “buy” rating and set a $106.00 price objective on shares of Capital One Financial in a research report on Friday, September 15th. Zacks Investment Research downgraded Capital One Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. Piper Jaffray Companies started coverage on Capital One Financial in a research report on Thursday, September 21st. They set an “underweight” rating and a $81.00 price objective for the company. Buckingham Research started coverage on Capital One Financial in a research report on Monday, October 2nd. They set a “buy” rating and a $99.00 price objective for the company. Finally, BMO Capital Markets restated a “buy” rating and set a $116.00 price objective on shares of Capital One Financial in a research report on Friday, October 6th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company. Capital One Financial has a consensus rating of “Hold” and a consensus price target of $102.14.

The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 1.17. The company has a market cap of $51,110.00, a PE ratio of 14.79, a P/E/G ratio of 1.38 and a beta of 1.28.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, October 24th. The financial services provider reported $2.42 EPS for the quarter, beating the consensus estimate of $2.15 by $0.27. The firm had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $6.81 billion. Capital One Financial had a return on equity of 8.25% and a net margin of 13.34%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the company earned $2.03 earnings per share. analysts predict that Capital One Financial Corp. will post 7.96 earnings per share for the current fiscal year.

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

In other Capital One Financial news, Director Ann F. Hackett sold 6,361 shares of the stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $102.00, for a total value of $648,822.00. Following the completion of the transaction, the director now directly owns 64,372 shares in the company, valued at $6,565,944. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ann F. Hackett sold 11,055 shares of the stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $91.18, for a total value of $1,007,994.90. Following the completion of the sale, the director now directly owns 69,066 shares of the company’s stock, valued at approximately $6,297,437.88. The disclosure for this sale can be found here. Insiders sold 435,282 shares of company stock valued at $42,264,713 over the last quarter. Corporate insiders own 1.73% of the company’s stock.

Several hedge funds have recently modified their holdings of COF. Davis Selected Advisers increased its stake in shares of Capital One Financial by 43.7% in the third quarter. Davis Selected Advisers now owns 11,581,237 shares of the financial services provider’s stock valued at $980,149,000 after buying an additional 3,519,332 shares during the period. Point72 Asset Management L.P. increased its stake in shares of Capital One Financial by 229.4% in the third quarter. Point72 Asset Management L.P. now owns 1,647,291 shares of the financial services provider’s stock valued at $139,460,000 after buying an additional 1,147,191 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Capital One Financial by 107.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,989,104 shares of the financial services provider’s stock valued at $164,340,000 after buying an additional 1,031,829 shares during the period. Capital World Investors increased its stake in shares of Capital One Financial by 2.3% in the second quarter. Capital World Investors now owns 38,396,005 shares of the financial services provider’s stock valued at $3,172,278,000 after buying an additional 849,047 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of Capital One Financial by 153.3% in the second quarter. Renaissance Technologies LLC now owns 989,099 shares of the financial services provider’s stock valued at $81,719,000 after buying an additional 598,600 shares during the period. 88.33% of the stock is owned by institutional investors.

TRADEMARK VIOLATION NOTICE: This report was originally published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this report on another publication, it was stolen and republished in violation of United States & international copyright & trademark laws. The original version of this report can be viewed at https://sportsperspectives.com/2018/01/12/investors-sell-capital-one-financial-cof-on-strength-cof.html.

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.

Receive News & Ratings for Capital One Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital One Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply