Capital One Financial Corp. (NYSE:COF) – Oppenheimer lowered their Q3 2018 earnings per share estimates for shares of Capital One Financial in a research report issued on Tuesday, October 16th. Oppenheimer analyst D. Gabriele now forecasts that the financial services provider will earn $2.93 per share for the quarter, down from their prior estimate of $3.12. Oppenheimer currently has a “Buy” rating and a $116.00 target price on the stock. Oppenheimer also issued estimates for Capital One Financial’s Q4 2018 earnings at $2.31 EPS and FY2019 earnings at $11.50 EPS.
Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Thursday, July 19th. The financial services provider reported $3.22 EPS for the quarter, beating the Zacks’ consensus estimate of $2.63 by $0.59. The business had revenue of $7.19 billion for the quarter, compared to analyst estimates of $6.95 billion. Capital One Financial had a return on equity of 10.44% and a net margin of 10.73%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.96 EPS.
A number of other brokerages have also commented on COF. Zacks Investment Research raised Capital One Financial from a “hold” rating to a “buy” rating and set a $109.00 price objective on the stock in a report on Tuesday, July 24th. BMO Capital Markets increased their price objective on Capital One Financial from $126.00 to $132.00 and gave the company an “outperform” rating in a report on Friday, July 20th. UBS Group lowered their price objective on Capital One Financial from $116.00 to $113.00 and set a “buy” rating on the stock in a report on Tuesday, August 7th. Morgan Stanley increased their price objective on Capital One Financial from $104.00 to $109.00 and gave the company an “equal weight” rating in a report on Friday, July 20th. Finally, Wells Fargo & Co increased their price objective on Capital One Financial from $109.00 to $110.00 and gave the company an “outperform” rating in a report on Monday, October 1st. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $111.10.
Shares of NYSE COF opened at $91.63 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.06. The stock has a market cap of $43.77 billion, a PE ratio of 11.76, a P/E/G ratio of 0.77 and a beta of 1.28. Capital One Financial has a 52 week low of $85.17 and a 52 week high of $106.50.
In related news, insider Kevin S. Borgmann sold 19,117 shares of the stock in a transaction that occurred on Tuesday, July 24th. The stock was sold at an average price of $100.00, for a total transaction of $1,911,700.00. Following the completion of the sale, the insider now owns 62,567 shares in the company, valued at approximately $6,256,700. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Richard D. Fairbank sold 242,090 shares of the stock in a transaction that occurred on Tuesday, July 24th. The shares were sold at an average price of $99.33, for a total value of $24,046,799.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 281,726 shares of company stock valued at $27,993,497. 1.73% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Integrated Investment Consultants LLC bought a new stake in Capital One Financial during the 2nd quarter valued at approximately $108,000. Kaizen Advisory LLC lifted its position in shares of Capital One Financial by 161.0% in the 2nd quarter. Kaizen Advisory LLC now owns 1,198 shares of the financial services provider’s stock worth $110,000 after acquiring an additional 739 shares during the period. Farmers National Bank bought a new stake in shares of Capital One Financial in the 2nd quarter worth approximately $102,000. Sun Life Financial INC lifted its position in shares of Capital One Financial by 518.3% in the 2nd quarter. Sun Life Financial INC now owns 1,317 shares of the financial services provider’s stock worth $121,000 after acquiring an additional 1,104 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Capital One Financial by 87.5% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,500 shares of the financial services provider’s stock worth $138,000 after acquiring an additional 700 shares during the period. Hedge funds and other institutional investors own 88.36% of the company’s stock.
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.
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