What Will The Effects of a Piper Jaffray Upgrade Be For Capital One (NYSE:COF) Shares?

June 14, 2018 - By Kenneth Lin

Capital One Financial Corporation (NYSE:COF) Logo

Investors sentiment decreased to 1.01 in Q1 2018. Its down 0.02, from 1.03 in 2017Q4. It is negative, as 43 investors sold Capital One Financial Corporation shares while 260 reduced holdings. 75 funds opened positions while 230 raised stakes. 418.02 million shares or 2.87% more from 406.36 million shares in 2017Q4 were reported.

7,650 are owned by Crawford Investment Counsel Inc. Parallax Volatility Advisers Lp has invested 0% in Capital One Financial Corporation (NYSE:COF). The Tennessee-based Ftb Advsrs has invested 0.48% in Capital One Financial Corporation (NYSE:COF). Pinnacle Associates Ltd holds 13,576 shares. The Massachusetts-based Choate Advisors has invested 0% in Capital One Financial Corporation (NYSE:COF). Duff Phelps Inv Management holds 5,280 shares or 0.01% of its portfolio. Lazard Asset Mgmt Lc owns 55 shares. Ims Cap Management, a Oregon-based fund reported 12,345 shares. Rampart Mgmt Lc has 35,852 shares for 0.33% of their portfolio. New York-based Virtu Limited Company has invested 0.02% in Capital One Financial Corporation (NYSE:COF). 400,000 are held by Moore Cap Management Limited Partnership. Advisors Asset reported 12 shares. Finemark Fincl Bank Tru has 71,267 shares for 0.43% of their portfolio. Serv Automobile Association holds 415,872 shares or 0.11% of its portfolio. Etrade Cap Management Ltd Llc invested in 4,025 shares.

Since December 15, 2017, it had 0 buys, and 20 selling transactions for $98.05 million activity. Another trade for 5,607 shares valued at $548,028 was sold by Santos Kleber. On Wednesday, April 25 the insider FAIRBANK RICHARD D sold $22.59M. Shares for $215,429 were sold by Blackley Richard Scott. $461,700 worth of stock was sold by Borgmann Kevin S. on Tuesday, May 15. On Thursday, January 4 the insider HACKETT ANN F sold $648,822. Shares for $7.13M were sold by FINNERAN JOHN G JR.

Capital One (NYSE:COF) Stock Upgrade

The previous rating of a “Neutral” for Capital One (NYSE:COF) has been discontinued as Piper Jaffray upgraded COF’s current rating to a respectable “Overweight”.

Capital One Financial Corporation (NYSE:COF) Ratings Coverage

Among 20 analysts covering Capital One Financial (NYSE:COF), 11 have Buy rating, 0 Sell and 9 Hold. Therefore 55% are positive. Capital One Financial has $140.0 highest and $95.0 lowest target. $108.06’s average target is 12.22% above currents $96.29 stock price. Capital One Financial had 34 analyst reports since December 18, 2017 according to SRatingsIntel. The company was maintained on Wednesday, January 24 by RBC Capital Markets. Compass Point upgraded Capital One Financial Corporation (NYSE:COF) on Friday, December 22 to “Buy” rating. The stock has “Outperform” rating by BMO Capital Markets on Wednesday, May 9. On Wednesday, January 24 the stock rating was maintained by Wells Fargo with “Buy”. The stock of Capital One Financial Corporation (NYSE:COF) has “Hold” rating given on Friday, April 6 by Piper Jaffray. Wells Fargo maintained the shares of COF in report on Tuesday, January 9 with “Buy” rating. Robert W. Baird maintained the stock with “Hold” rating in Tuesday, April 24 report. The company was maintained on Monday, January 8 by RBC Capital Markets. The firm earned “Hold” rating on Wednesday, January 10 by Jefferies. The firm earned “Neutral” rating on Monday, December 18 by PiperJaffray.

The stock increased 0.29% or $0.28 during the last trading session, reaching $96.29. About 2.61 million shares traded or 3.45% up from the average. Capital One Financial Corporation (NYSE:COF) has risen 19.24% since June 14, 2017 and is uptrending. It has outperformed by 6.67% the S&P500.

Analysts await Capital One Financial Corporation (NYSE:COF) to report earnings on July, 19. They expect $2.49 EPS, up 27.04 % or $0.53 from last year’s $1.96 per share. COF’s profit will be $1.21B for 9.67 P/E if the $2.49 EPS becomes a reality. After $2.65 actual EPS reported by Capital One Financial Corporation for the previous quarter, Wall Street now forecasts -6.04 % negative EPS growth.

Capital One Financial Corporation operates as the bank holding firm for the Capital One Bank , National Association; and Capital One, National Association, which provides various financial services and products in the United States, the United Kingdom, and Canada. The company has market cap of $46.84 billion. It operates through three divisions: Credit Card, Consumer Banking, and Commercial Banking. It has a 27.64 P/E ratio. The firm offers non-interest-bearing and interest-bearing deposits, such as checking accounts, money market deposit accounts, negotiable order of withdrawals, savings deposits, and time deposits.

Another recent and important Capital One Financial Corporation (NYSE:COF) news was published by Bizjournals.com which published an article titled: “Here’s how serious Capital One is about backing the Caps” on May 29, 2018.

Capital One Financial Corporation (NYSE:COF) Institutional Positions Chart

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