Piper Jaffray Companies initiated coverage on shares of Capital One Financial Corporation (NYSE:COF) in a report released on Thursday, MarketBeat.com reports. The firm issued an underweight rating and a $81.00 price target on the financial services provider’s stock.

A number of other brokerages have also recently issued reports on COF. CIBC upgraded shares of Capital One Financial Corporation from an underperform rating to a market perform rating in a research report on Friday, July 21st. Barclays PLC restated an overweight rating and set a $105.00 target price on shares of Capital One Financial Corporation in a research report on Saturday, July 22nd. Wedbush restated a sell rating on shares of Capital One Financial Corporation in a research report on Saturday, July 22nd. Zacks Investment Research upgraded shares of Capital One Financial Corporation from a sell rating to a hold rating in a research report on Thursday, July 27th. Finally, Compass Point began coverage on shares of Capital One Financial Corporation in a research report on Thursday, August 10th. They set a neutral rating and a $90.00 target price for the company. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Capital One Financial Corporation currently has a consensus rating of Hold and an average target price of $91.68.

Shares of Capital One Financial Corporation (NYSE:COF) opened at 81.94 on Thursday. The firm has a 50-day moving average of $81.68 and a 200-day moving average of $82.69. The firm has a market cap of $39.66 billion, a P/E ratio of 11.95 and a beta of 1.22. Capital One Financial Corporation has a 12-month low of $69.49 and a 12-month high of $96.92.

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 analysts’ consensus estimates of $1.90 by $0.06. The company had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $6.68 billion. Capital One Financial Corporation had a net margin of 13.32% and a return on equity of 7.92%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.76 earnings per share. On average, equities analysts forecast that Capital One Financial Corporation will post $7.52 earnings per share for the current fiscal year.

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Capital One Financial Corporation announced that its board has initiated a stock repurchase program on Wednesday, June 28th that allows the company to buyback $1.85 billion in shares. This buyback authorization allows the financial services provider to purchase up to 4.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

In other Capital One Financial Corporation news, CEO Richard D. Fairbank sold 367,419 shares of the business’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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.73% of the stock is owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BB&T Investment Services Inc. purchased a new stake in Capital One Financial Corporation during the second quarter worth approximately $108,000. Seven Eight Capital LP boosted its stake in shares of Capital One Financial Corporation by 16.7% in the second quarter. Seven Eight Capital LP now owns 1,400 shares of the financial services provider’s stock valued at $116,000 after purchasing an additional 200 shares during the period. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Capital One Financial Corporation by 47.1% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,652 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 529 shares during the period. Westside Investment Management Inc. boosted its stake in shares of Capital One Financial Corporation by 48.0% in the second quarter. Westside Investment Management Inc. now owns 1,745 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 566 shares during the period. Finally, Guardian Life Insurance Co. of America boosted its stake in shares of Capital One Financial Corporation by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 1,860 shares of the financial services provider’s stock valued at $161,000 after purchasing an additional 11 shares during the period. Institutional investors own 87.99% of the company’s stock.

Capital One Financial Corporation Company Profile

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.

Analyst Recommendations for Capital One Financial Corporation (NYSE:COF)

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