BMO Capital Markets reissued their buy rating on shares of Capital One Financial Corporation (NYSE:COF) in a report issued on Friday. They currently have a $116.00 price objective on the financial services provider’s stock.

A number of other research firms have also weighed in on COF. Zacks Investment Research upgraded Capital One Financial Corporation from a sell rating to a hold rating in a research note on Thursday, July 27th. UBS AG upgraded Capital One Financial Corporation from an underperform rating to a market perform rating in a research note on Friday, July 21st. BidaskClub lowered Capital One Financial Corporation from a sell rating to a strong sell rating in a research note on Monday, August 14th. Keefe, Bruyette & Woods set a $106.00 target price on Capital One Financial Corporation and gave the stock a buy rating in a research note on Tuesday, August 15th. Finally, Instinet reiterated a buy rating and issued a $96.00 target price (down previously from $101.00) on shares of Capital One Financial Corporation in a research note on Wednesday, July 12th. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $92.86.

Shares of Capital One Financial Corporation (NYSE:COF) opened at 87.30 on Friday. The company has a 50-day moving average of $81.83 and a 200 day moving average of $82.19. Capital One Financial Corporation has a 12-month low of $70.50 and a 12-month high of $96.92. The company has a market cap of $42.25 billion, a PE ratio of 12.73 and a beta of 1.23.

Capital One Financial Corporation (NYSE:COF) last released its earnings results on Thursday, July 20th. 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 return on equity of 7.92% and a net margin of 13.32%. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $6.68 billion. During the same quarter last year, the firm posted $1.76 earnings per share. The business’s revenue was up 7.2% compared to the same quarter last year. On average, equities research analysts expect that Capital One Financial Corporation will post $7.51 EPS for the current year.

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Capital One Financial Corporation announced that its Board of Directors has authorized a share repurchase plan on Wednesday, June 28th that authorizes the company to buyback $1.85 billion in outstanding shares. This buyback authorization authorizes the financial services provider to buy up to 4.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

In related news, CEO Richard D. Fairbank sold 367,419 shares of the firm’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $87.02, for a total transaction of $31,972,801.38. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.73% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the stock. South State Corp boosted its position in Capital One Financial Corporation by 9.2% during the second quarter. South State Corp now owns 65,457 shares of the financial services provider’s stock valued at $5,408,000 after purchasing an additional 5,510 shares in the last quarter. Sky Investment Group LLC boosted its position in Capital One Financial Corporation by 9.4% during the second quarter. Sky Investment Group LLC now owns 3,380 shares of the financial services provider’s stock valued at $279,000 after purchasing an additional 290 shares in the last quarter. CNA Financial Corp boosted its position in Capital One Financial Corporation by 20.6% during the second quarter. CNA Financial Corp now owns 31,827 shares of the financial services provider’s stock valued at $2,630,000 after purchasing an additional 5,427 shares in the last quarter. Bank of The Ozarks boosted its position in Capital One Financial Corporation by 14.0% during the first quarter. Bank of The Ozarks now owns 9,160 shares of the financial services provider’s stock valued at $794,000 after purchasing an additional 1,125 shares in the last quarter. Finally, AXA boosted its position in Capital One Financial Corporation by 28.5% during the first quarter. AXA now owns 148,167 shares of the financial services provider’s stock valued at $12,840,000 after purchasing an additional 32,893 shares in the last quarter. 87.99% of the stock is currently owned by institutional investors.

About Capital One Financial Corporation

Capital One Financial Corporation is a diversified financial services holding company. The Company, along with its subsidiaries, offers a range of financial products and services to consumers, small businesses and commercial clients through branches, the Internet and other distribution channels. The Company’s segments include Credit Card, Consumer Banking, Commercial Banking and Other.

Analyst Recommendations for Capital One Financial Corporation (NYSE:COF)

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