Today: Today, Barclays PLC Reaffirms Overweight Rating for Capital One Financial Corp. (COF)

Today, Barclays PLC Reaffirms Overweight Rating for Capital One Financial Corp. (COF)

Barclays PLC reaffirmed their overweight rating on shares of Capital One Financial Corp. (NYSE:COF) in a research report released on Wednesday. The firm currently has a $80.00 price objective on the financial services provider’s stock.

Other analysts have also issued reports about the company. Nomura restated a hold rating on shares of Capital One Financial Corp. in a research note on Saturday, July 9th. Wells Fargo & Co. restated a hold rating on shares of Capital One Financial Corp. in a research note on Saturday, July 9th. Rafferty Capital Markets lowered Capital One Financial Corp. from a buy rating to a hold rating in a research note on Monday, July 25th. Deutsche Bank AG restated a hold rating on shares of Capital One Financial Corp. in a research note on Wednesday, June 15th. Finally, Evercore ISI restated a hold rating and issued a $74.00 target price on shares of Capital One Financial Corp. in a research note on Wednesday, June 15th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have given a buy rating to the company. Capital One Financial Corp. presently has an average rating of Hold and an average target price of $78.98.

Shares of Capital One Financial Corp. (NYSE:COF) opened at 71.53 on Wednesday. The company’s 50 day moving average price is $71.53 and its 200 day moving average price is $69.39. Capital One Financial Corp. has a 12 month low of $58.03 and a 12 month high of $81.62. The company has a market capitalization of $36.60 billion, a P/E ratio of 10.10 and a beta of 1.28.

Capital One Financial Corp. (NYSE:COF) last issued its earnings results on Thursday, July 21st. The financial services provider reported $1.69 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.86 by $0.17. The firm earned $6.30 billion during the quarter, compared to the consensus estimate of $6.28 billion. Capital One Financial Corp. had a net margin of 15.38% and a return on equity of 8.56%. Analysts expect that Capital One Financial Corp. will post $7.17 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in COF. Dodge & Cox raised its position in shares of Capital One Financial Corp. by 0.4% in the second quarter. Dodge & Cox now owns 49,231,610 shares of the financial services provider’s stock valued at $3,126,700,000 after buying an additional 183,319 shares in the last quarter. FMR LLC raised its position in shares of Capital One Financial Corp. by 1.9% in the second quarter. FMR LLC now owns 27,299,196 shares of the financial services provider’s stock valued at $1,733,772,000 after buying an additional 498,820 shares in the last quarter. State Street Corp raised 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. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Capital One Financial Corp. by 9.8% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 19,814,087 shares of the financial services provider’s stock valued at $1,258,393,000 after buying an additional 1,763,210 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Capital One Financial Corp. by 7.1% in the second quarter. JPMorgan Chase & Co. now owns 13,035,130 shares of the financial services provider’s stock valued at $827,863,000 after buying an additional 859,442 shares in the last quarter. 88.12% of the stock is owned by hedge funds and other institutional investors.

About Capital One Financial Corp.

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