The stock of Capital One Financial Corp. (NYSE:COF) hit a new 52-week high and has $90.70 target or 5.00% above today’s $86.38 share price. The 7 months bullish chart indicates low risk for the $42.39B company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $90.70 price target is reached, the company will be worth $2.12 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 2.33M shares traded hands. Capital One Financial Corp. (NYSE:COF) has risen 14.54% since April 28, 2016 and is uptrending. It has outperformed by 8.62% the S&P500.
Analysts await Capital One Financial Corp. (NYSE:COF) to report earnings on January, 24. They expect $1.63 earnings per share, down 2.40% or $0.04 from last year’s $1.67 per share. COF’s profit will be $799.90M for 13.25 P/E if the $1.63 EPS becomes a reality. After $2.03 actual earnings per share reported by Capital One Financial Corp. for the previous quarter, Wall Street now forecasts -19.70% negative EPS growth.
Capital One Financial Corp. (NYSE:COF) Ratings Coverage
Out of 27 analysts covering Capital One Financial Corp. (NYSE:COF), 13 rate it a “Buy”, 3 “Sell”, while 11 “Hold”. This means 48% are positive. Capital One Financial Corp. has been the topic of 48 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Credit Agricole on Monday, July 27. The firm has “Neutral” rating given on Monday, December 21 by Credit Suisse. The company was initiated on Wednesday, January 13 by DA Davidson. The rating was maintained by Oppenheimer on Tuesday, October 6 with “Outperform”. Evercore initiated Capital One Financial Corp. (NYSE:COF) on Tuesday, December 22 with “Hold” rating. The stock has “Neutral” rating given by Goldman Sachs on Friday, July 24. The firm has “Buy” rating given on Thursday, February 18 by Deutsche Bank. The firm earned “Neutral” rating on Tuesday, October 11 by Wedbush. The stock of Capital One Financial Corp. (NYSE:COF) earned “Neutral” rating by Robert W. Baird on Wednesday, November 16. The rating was upgraded by Guggenheim to “Neutral” on Monday, May 9.
According to Zacks Investment Research, “Capital One Financial is a holding company whose subsidiaries provide a variety of products and services to consumers using its proprietary information-based strategy. The corporation’s principal subsidiary, Capital One Bank offers credit card products. Capital One Services, Inc., another subsidiary of the corporation, provides various operating, administrative and other services to the corporation and its subsidiaries.”
Insitutional Activity: The institutional sentiment decreased to 0.59 in Q2 2016. Its down 0.17, from 0.76 in 2016Q1. The ratio fall, as 67 funds sold all Capital One Financial Corp. shares owned while 297 reduced positions. 44 funds bought stakes while 231 increased positions. They now own 435.73 million shares or 2.30% less from 446.00 million shares in 2016Q1.
Strs Ohio has invested 0.2% of its portfolio in Capital One Financial Corp. (NYSE:COF). Montag A And Associate holds 0.2% of its portfolio in Capital One Financial Corp. (NYSE:COF) for 23,595 shares. Payden And Rygel owns 1,969 shares or 0.01% of their US portfolio. Diamond Hill Management Inc last reported 5.18 million shares in the company. The North Carolina-based Ironsides Asset Advsr Ltd has invested 0.54% in Capital One Financial Corp. (NYSE:COF). Ncm Group Inc last reported 2,225 shares in the company. Harris Assocs Limited Partnership owns 8.28M shares or 1.06% of their US portfolio. Janney Montgomery Scott reported 10,930 shares or 0.01% of all its holdings. Alethea Mgmt Lc holds 14% or 160,790 shares in its portfolio. Livforsakringsbolaget Skandia Omsesidigt owns 81,857 shares or 0.23% of their US portfolio. The Colorado-based Brc Inv Management Ltd Liability Corp has invested 0.71% in Capital One Financial Corp. (NYSE:COF). Tompkins Financial Corp reported 13,482 shares or 0.25% of all its holdings. Continental Advisors Ltd Liability Company owns 128,310 shares or 2.51% of their US portfolio. Endurance Wealth Mgmt has 1,887 shares for 0.02% of their US portfolio. Fukoku Mutual Life, a Japan-based fund reported 3,000 shares.
Insider Transactions: Since October 27, 2016, the stock had 0 insider purchases, and 6 selling transactions for $105.52 million net activity. Another trade for 873,024 shares valued at $67.78M was made by FAIRBANK RICHARD D on Wednesday, November 9. 7,086 shares were sold by Berson Jory A, worth $566,880. 88,510 Capital One Financial Corp. (NYSE:COF) shares with value of $7.16M were sold by FINNERAN JOHN G JR.
More important recent Capital One Financial Corp. (NYSE:COF) news were published by: Blogs.Wsj.com which released: “CIO Voices: Capital One’s Rob Alexander on How to Win in Banking” on November 30, 2016, also Reuters.com published article titled: “BRIEF-Capital One Financial Corp says Ryan Schneider will be leaving his r…”, Businesswire.com published: “Capital One Selects AWS as its Predominant Cloud Infrastructure Provider” on November 29, 2016. More interesting news about Capital One Financial Corp. (NYSE:COF) was released by: Forbes.com and their article: “Ex-Dividend Reminder: Capital One Financial, Charles Schwab and Kemper” with publication date: November 07, 2016.
COF Company Profile
Capital One Financial Corporation, incorporated on July 21, 1994, is a diversified financial services holding company. The Company, along with its subsidiaries, offers a range of financial services and products to consumers, small businesses and commercial clients through branches, the Internet and other distribution channels. The Company’s divisions include Credit Card, Consumer Banking, Commercial Banking and Other. The Credit Card segment consists of its domestic consumer and small business card lending, and the international card lending businesses in Canada and the United Kingdom. The Consumer Banking segment consists of its branch lending and deposit gathering activities for clients and small businesses, national deposit gathering, national auto lending and consumer home loan lending and servicing activities. The Commercial Banking consists of its lending, deposit gathering and treasury management services to commercial real estate, and commercial and industrial customers. The Other segment includes management of its corporate investment portfolio and asset/liability management.
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