Economy

Capital One Financial Corporati (NYSE:COF) Experiences Heavy Trading Volume

Capital One Financial Corporati (NYSE:COF) Experiences Heavy Trading Volumeā€

The company is expected to issue its next earnings results on Tuesday, October 24th.

5 year sales growth rate is an important factor for valuation analysis, the 5 year sales growth of Capital One Financial Corporation (COF) stands at 8.84 while the industry's and the sector's growth for next 5 years ticked at 21.39 and 14.36 respectively. Zacks' earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Capital One Financial Corporation. (NYSE:COF) were released by: Bizjournals.com and their article: "Capital One is behind DC's new free creative workspace" published on June 29, 2017 as well as Benzinga.com's news article titled: "Capital One Issues EPS Guidance For The First Time In Recent Memory" with publication date: July 21, 2017. The financial services provider reported $1.96 earnings per share for the quarter, topping analysts' consensus estimates of $1.90 by $0.06. Capital One Financial Corporation had a net margin of 12.96% and a return on equity of 7.83%. The bank earned $1.94 per share on $6.7 billion of revenue, exceeding estimates of $1.90 and $6.67 billion, respectively. Next quarter's EPS is forecasted to be $1.87 with next year's EPS anticipated to be $8.54. The value of the investment in COF decreased from $7,475,000 to $7,133,000 a change of 4.6% since the last quarter.

Equity Research firms now have a positive stance on shares of NanoViricides, Inc. Royal Bank Of Canada restated a "buy" rating on shares of Capital One Financial Corporation in a report on Tuesday, April 4th. Wedbush lowered Capital One Financial Corporation from a "neutral" rating to an "underperform" rating and dropped their price target for the stock from $94.00 to $80.00 in a research note on Wednesday, July 5th.

There are 2 sell ratings, 10 hold ratings, 10 buy ratings, 1 strong buy rating on the stock. Oppenheimer Holdings, Inc. raised Capital One Financial Corporation from an "underperform" rating to a "market perform" rating and set a $82.00 price objective on the stock in a research note on Friday. President, Commercial Banking Michael Slocum let go of 6,276 shares at an average price of $82.16 on Friday the 5th. The shares were purchased at an average price of $82.16. Following the sale, the insider now owns 61,905 shares in the company, valued at approximately $5,086,114.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Currently, the stock is 1.32% from its 50-Day High and 36.60% from the 50-day low. Huntington National Bank raised its stake in Capital One Financial Corporation by 3.5% in the second quarter. Guardian Life Insurance Co. of America now owns 1,860 shares of the financial services provider's stock worth $161,000 after buying an additional 11 shares in the last quarter. Finally, SRS Capital Advisors Inc. purchased a new position in shares of Capital One Financial Corporation during the fourth quarter valued at about $171,000. Bank of New York Mellon Corp now owns 6,411,412 shares of the financial services provider's stock worth $555,613,000 after buying an additional 605,038 shares during the last quarter. Mountain Pacific Advisers Id has invested 0.12% in Capital One Financial Corp. The Vanguard Group Inc holds 30.49 million shares with $2.66 billion value, down from 31.21 million last quarter. As of the end of the quarter APG Asset Management N.V. had bought a total of 17,100 shares growing its position 2.8%. Insiders own 0.52% of the company's stock.

In terms of performance, shares of Capital One Financial Corporation (NYSE:COF) are 0.80% since the start of 2016. (NYSE:COF) shares were sold by Wassmer Michael J. Another trade for 3,507 shares valued at $333,165 was made by Blackley Richard Scott on Wednesday, March 1.

The most current P/E ratio is 13.34 and the market cap is 42.41B.

Company shares last traded at $87.94 just above the 50 day moving average which is $80.99 and which is just a bit higher than the 200 day moving average of $84.87. Capital One Financial Corporation has a one year low of $65.00 and a one year high of $96.92. Capital One Financial Corporation also was the target of unusually large options trading on Thursday. Investors acquired 10,282 put options on the company. The stock has been recently separated from the 50-day moving average by 9.10%. This dividend amount represented a yeild of $1.94. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.

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Capital One Financial Corporation is a diversified financial services holding company. The Company's business divisions are contained within two businesses: services and products provided to the gas and oil industry and all other services and products (Advanced Technologies). The Company's divisions include Credit Card, Consumer Banking, Commercial Banking and Other.



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