Capital One Financial (NYSE:COF) Downgraded by ValuEngine

ValuEngine lowered shares of Capital One Financial (NYSE:COF) from a hold rating to a sell rating in a research note issued to investors on Thursday, ValuEngine reports.

COF has been the topic of several other research reports. Piper Jaffray Companies set a $111.00 price target on shares of Capital One Financial and gave the stock a buy rating in a research report on Friday, July 19th. Credit Suisse Group set a $118.00 price target on shares of Capital One Financial and gave the stock a buy rating in a research report on Friday, July 19th. Royal Bank of Canada reiterated a sector perform rating and set a $98.00 price target on shares of Capital One Financial in a research report on Friday, May 3rd. Jefferies Financial Group upgraded shares of Capital One Financial from a hold rating to a buy rating and upped their price target for the stock from $95.00 to $115.00 in a research report on Tuesday, May 14th. Finally, Zacks Investment Research downgraded shares of Capital One Financial from a buy rating to a hold rating and set a $103.00 price target on the stock. in a research report on Thursday, July 25th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company. Capital One Financial currently has a consensus rating of Hold and a consensus price target of $105.58.

Shares of NYSE:COF traded down $1.05 on Thursday, hitting $89.85. The stock had a trading volume of 2,802,145 shares, compared to its average volume of 3,067,007. Capital One Financial has a twelve month low of $69.90 and a twelve month high of $101.26. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.88. The company has a 50 day moving average of $91.75. The company has a market cap of $42.94 billion, a P/E ratio of 8.26, a price-to-earnings-growth ratio of 1.00 and a beta of 1.24.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Thursday, July 18th. The financial services provider reported $3.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.84 by $0.53. The business had revenue of $7.12 billion for the quarter, compared to the consensus estimate of $7.01 billion. Capital One Financial had a net margin of 17.50% and a return on equity of 10.68%. The firm’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.71 EPS. On average, sell-side analysts forecast that Capital One Financial will post 11.46 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Monday, August 5th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, August 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.78%. Capital One Financial’s dividend payout ratio (DPR) is presently 14.71%.

In other news, insider Michael J. Wassmer sold 8,212 shares of the company’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $95.03, for a total value of $780,386.36. Following the completion of the sale, the insider now directly owns 84,679 shares of the company’s stock, valued at approximately $8,047,045.37. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Bradford H. Warner sold 4,000 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $85.98, for a total value of $343,920.00. Following the completion of the sale, the director now directly owns 57,930 shares of the company’s stock, valued at $4,980,821.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,149 shares of company stock valued at $5,053,283. 1.43% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in COF. FMR LLC grew its position in shares of Capital One Financial by 7.3% in the 1st quarter. FMR LLC now owns 18,589,892 shares of the financial services provider’s stock valued at $1,518,608,000 after purchasing an additional 1,259,001 shares during the period. Ceredex Value Advisors LLC grew its position in shares of Capital One Financial by 104.5% in the 1st quarter. Ceredex Value Advisors LLC now owns 1,005,350 shares of the financial services provider’s stock valued at $82,127,000 after purchasing an additional 513,675 shares during the period. Geode Capital Management LLC grew its position in shares of Capital One Financial by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 6,275,759 shares of the financial services provider’s stock valued at $473,568,000 after purchasing an additional 370,154 shares during the period. American Century Companies Inc. acquired a new position in shares of Capital One Financial in the 4th quarter valued at approximately $27,440,000. Finally, CIBC Private Wealth Group LLC grew its position in shares of Capital One Financial by 31.6% in the 1st quarter. CIBC Private Wealth Group LLC now owns 1,373,473 shares of the financial services provider’s stock valued at $112,198,000 after purchasing an additional 329,936 shares during the period. 88.55% of the stock is owned by institutional investors.

About Capital One Financial

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.

Further Reading: Cost of Goods Sold (COGS)

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Analyst Recommendations for Capital One Financial (NYSE:COF)

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