Citigroup Lowers Capital One Financial (NYSE:COF) Price Target to $100.00

Capital One Financial (NYSE:COF) had its price target cut by equities researchers at Citigroup from $105.00 to $100.00 in a report issued on Wednesday, AnalystRatings.com reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Citigroup‘s price target points to a potential upside of 11.42% from the company’s previous close.

COF has been the topic of several other research reports. Piper Jaffray Companies reduced their price objective on shares of Capital One Financial from $111.00 to $107.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 11th. BMO Capital Markets set a $141.00 price objective on shares of Capital One Financial and gave the stock a “buy” rating in a research note on Friday, July 19th. Credit Suisse Group set a $118.00 price objective on shares of Capital One Financial and gave the stock a “buy” rating in a research note on Friday, July 19th. Zacks Investment Research cut shares of Capital One Financial from a “buy” rating to a “hold” rating and set a $103.00 price objective on the stock. in a research note on Thursday, July 25th. Finally, Deutsche Bank reissued a “hold” rating and issued a $98.00 price objective on shares of Capital One Financial in a research note on Monday, July 8th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $104.61.

Shares of Capital One Financial stock opened at $89.75 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.88. Capital One Financial has a twelve month low of $69.90 and a twelve month high of $98.62. The stock has a market cap of $40.93 billion, a price-to-earnings ratio of 8.25, a P/E/G ratio of 1.04 and a beta of 1.27. The company’s fifty day moving average is $88.76 and its 200 day moving average is $89.19.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Thursday, July 18th. The financial services provider reported $3.37 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.53. Capital One Financial had a net margin of 17.50% and a return on equity of 10.68%. The company had revenue of $7.12 billion for the quarter, compared to analysts’ expectations of $7.01 billion. During the same quarter in the previous year, the firm posted $3.71 earnings per share. Capital One Financial’s revenue for the quarter was down .9% on a year-over-year basis. As a group, equities analysts anticipate that Capital One Financial will post 11.54 earnings per share for the current fiscal year.

In other news, insider Michael J. Wassmer sold 8,212 shares of the company’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $95.03, for a total transaction of $780,386.36. Following the transaction, the insider now owns 84,679 shares in the company, valued at $8,047,045.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bradford H. Warner sold 3,777 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $91.68, for a total transaction of $346,275.36. Following the transaction, the director now owns 43,207 shares in the company, valued at approximately $3,961,217.76. The disclosure for this sale can be found here. Corporate insiders own 1.43% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Crestline Management LP purchased a new stake in Capital One Financial in the 2nd quarter valued at about $1,932,000. Westpac Banking Corp increased its stake in Capital One Financial by 3.0% in the 1st quarter. Westpac Banking Corp now owns 83,699 shares of the financial services provider’s stock valued at $6,837,000 after buying an additional 2,437 shares during the last quarter. Bridges Investment Management Inc. increased its stake in Capital One Financial by 3.1% in the 2nd quarter. Bridges Investment Management Inc. now owns 385,247 shares of the financial services provider’s stock valued at $34,958,000 after buying an additional 11,726 shares during the last quarter. Calamos Advisors LLC increased its stake in Capital One Financial by 3.4% in the 2nd quarter. Calamos Advisors LLC now owns 428,670 shares of the financial services provider’s stock valued at $38,897,000 after buying an additional 14,052 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Capital One Financial by 2.8% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,497,321 shares of the financial services provider’s stock valued at $317,347,000 after buying an additional 95,246 shares during the last quarter. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Capital One Financial Company Profile

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.

See Also: Fiduciary

Analyst Recommendations for Capital One Financial (NYSE:COF)

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