The Wedbush Begins Coverage on Capital One Financial Corp. (COF)

The Wedbush Begins Coverage on Capital One Financial Corp. (COF)

Wedbush started coverage on shares of Capital One Financial Corp. (NYSE:COF) in a report released on Monday morning. The firm issued a neutral rating and a $78.00 price objective on the financial services provider’s stock.

Several other research analysts also recently weighed in on the stock. Credit Agricole SA upped their price objective on shares of Capital One Financial Corp. from $83.00 to $86.00 and gave the stock a buy rating in a report on Friday, September 23rd. Barclays PLC reiterated an overweight rating and issued a $87.00 target price on shares of Capital One Financial Corp. in a report on Sunday, July 10th. Zacks Investment Research downgraded shares of Capital One Financial Corp. from a hold rating to a sell rating in a report on Monday, September 19th. Oppenheimer Holdings Inc. reiterated an underperform rating and issued a $59.00 target price on shares of Capital One Financial Corp. in a report on Thursday, August 25th. Finally, BMO Capital Markets reiterated a buy rating and issued a $108.00 target price on shares of Capital One Financial Corp. in a report on Tuesday, July 5th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have issued a buy rating to the stock. Capital One Financial Corp. has an average rating of Hold and an average price target of $78.98.

Shares of Capital One Financial Corp. (NYSE:COF) opened at 72.06 on Monday. The firm has a 50-day moving average of $71.38 and a 200 day moving average of $69.36. Capital One Financial Corp. has a 52 week low of $58.03 and a 52 week high of $81.62. The firm has a market cap of $36.87 billion, a PE ratio of 10.17 and a beta of 1.28.

Capital One Financial Corp. (NYSE:COF) last released its quarterly earnings data on Thursday, July 21st. The financial services provider reported $1.69 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.86 by $0.17. Capital One Financial Corp. had a return on equity of 8.56% and a net margin of 15.38%. The business had revenue of $6.30 billion for the quarter, compared to analyst estimates of $6.28 billion. Equities research analysts predict that Capital One Financial Corp. will post $7.17 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. UBS Group AG boosted its position in shares of Capital One Financial Corp. by 2.5% in the first quarter. UBS Group AG now owns 748,980 shares of the financial services provider’s stock valued at $51,912,000 after buying an additional 18,452 shares in the last quarter. Meeder Asset Management Inc. boosted its position in shares of Capital One Financial Corp. by 34.0% in the first quarter. Meeder Asset Management Inc. now owns 36,754 shares of the financial services provider’s stock valued at $2,547,000 after buying an additional 9,331 shares in the last quarter. Rafferty Asset Management LLC boosted its position in shares of Capital One Financial Corp. by 49.1% in the first quarter. Rafferty Asset Management LLC now owns 72,097 shares of the financial services provider’s stock valued at $4,997,000 after buying an additional 23,758 shares in the last quarter. State Street Corp boosted its position in shares of Capital One Financial Corp. by 0.4% in the first quarter. State Street Corp now owns 21,934,733 shares of the financial services provider’s stock valued at $1,520,294,000 after buying an additional 92,836 shares in the last quarter. Finally, Donaldson Capital Management LLC boosted its position in shares of Capital One Financial Corp. by 0.7% in the first quarter. Donaldson Capital Management LLC now owns 16,075 shares of the financial services provider’s stock valued at $1,114,000 after buying an additional 119 shares in the last quarter. 87.75% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Corp. Company Profile

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