Positive News Coverage Somewhat Unlikely to Impact Capital One Financial Corporation (COF) Stock Price
Media stories about Capital One Financial Corporation (NYSE:COF) have trended positive recently, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Capital One Financial Corporation earned a news sentiment score of 0.26 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 46.1472136323271 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Capital One Financial Corporation Declares Quarterly Dividend of $0.40 (COF) (expressnewsline.com)
- Capital One makes record real estate buy in Georgetown – Washington Business Journal (bizjournals.com)
- Technical Study: Following Indicators For Capital One Financial Corp (COF) – Berry Recorder (berryrecorder.com)
- Capital One Financial Corporation (COF) Ex-Dividend Date Scheduled for August 03, 2017 – Nasdaq (nasdaq.com)
Capital One Financial Corporation (COF) traded down 0.21% on Friday, reaching $84.41. The company had a trading volume of 2,624,035 shares. The stock has a market capitalization of $40.85 billion, a PE ratio of 12.31 and a beta of 1.20. Capital One Financial Corporation has a 52-week low of $66.00 and a 52-week high of $96.92. The stock has a 50 day moving average price of $82.67 and a 200 day moving average price of $84.69.
Capital One Financial Corporation (NYSE:COF) last announced its earnings results on Thursday, July 20th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.90 by $0.06. Capital One Financial Corporation had a net margin of 13.32% and a return on equity of 7.92%. The firm had revenue of $6.70 billion for the quarter, compared to analyst estimates of $6.68 billion. During the same quarter last year, the business earned $1.76 earnings per share. Capital One Financial Corporation’s revenue was up 7.2% compared to the same quarter last year. Analysts expect that Capital One Financial Corporation will post $7.53 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Monday, August 7th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, August 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 1.90%. Capital One Financial Corporation’s dividend payout ratio (DPR) is currently 23.43%.
Capital One Financial Corporation announced that its Board of Directors has initiated a share buyback program on Wednesday, June 28th that permits the company to buyback $1.85 billion in outstanding shares. This buyback authorization permits the financial services provider to reacquire up to 4.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.
Several brokerages recently weighed in on COF. CIBC upgraded Capital One Financial Corporation from an “underperform” rating to a “market perform” rating in a research note on Friday, July 21st. Barclays PLC restated an “overweight” rating and issued a $105.00 price target on shares of Capital One Financial Corporation in a research note on Saturday, July 22nd. Wedbush restated a “sell” rating on shares of Capital One Financial Corporation in a research note on Saturday, July 22nd. Zacks Investment Research upgraded Capital One Financial Corporation from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Finally, Rafferty Capital Markets cut Capital One Financial Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $92.90.
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In related news, CEO Richard D. Fairbank sold 367,419 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $87.02, for a total transaction of $31,972,801.38. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.73% of the stock is currently owned by company insiders.
About Capital One Financial Corporation
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.
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