Investors Buy Capital One Financial Corp. (COF) on Weakness
Traders purchased shares of Capital One Financial Corp. (NYSE:COF) on weakness during trading on Friday. $91.46 million flowed into the stock on the tick-up and $56.36 million flowed out of the stock on the tick-down, for a money net flow of $35.10 million into the stock. Of all companies tracked, Capital One Financial Corp. had the 18th highest net in-flow for the day. Capital One Financial Corp. traded down ($0.52) for the day and closed at $71.08
A number of analysts have weighed in on the company. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Capital One Financial Corp. in a research report on Saturday, July 9th. Nomura reaffirmed a “hold” rating on shares of Capital One Financial Corp. in a research report on Saturday, July 9th. Rafferty Capital Markets cut Capital One Financial Corp. from a “buy” rating to a “hold” rating in a research report on Monday, July 25th. Deutsche Bank AG reaffirmed a “hold” rating on shares of Capital One Financial Corp. in a research report on Wednesday, June 15th. Finally, Evercore ISI reaffirmed a “hold” rating and issued a $74.00 price target on shares of Capital One Financial Corp. in a research report on Wednesday, June 15th. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $79.35.
The company’s 50 day moving average price is $68.27 and its 200-day moving average price is $68.69. The stock has a market capitalization of $36.66 billion and a price-to-earnings ratio of 10.11.
Capital One Financial Corp. (NYSE:COF) last posted its earnings results on Thursday, July 21st. The financial services provider reported $1.69 earnings per share for the quarter, missing analysts’ consensus estimates of $1.86 by $0.17. The business had revenue of $6.30 billion for the quarter, compared to analysts’ expectations of $6.28 billion. On average, equities analysts expect that Capital One Financial Corp. will post $7.18 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, August 18th. Shareholders of record on Monday, August 8th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, August 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.23%.
A hedge fund recently raised its stake in Capital One Financial Corp. stock. Schwab Charles Investment Management Inc. raised its position in Capital One Financial Corp. (NYSE:COF) by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,485,761 shares of the financial services provider’s stock after buying an additional 39,327 shares during the period. Schwab Charles Investment Management Inc. owned about 0.28% of Capital One Financial Corp. worth $107,243,000 at the end of the most recent reporting period.
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