Zacks Investment Research lowered shares of Capital One Financial Corporation (NYSE:COF) from a buy rating to a hold rating in a research note issued to investors on Monday morning.

According to Zacks, “Capital One’s shares have underperformed the industry in the last six months. The company surpassed the Zacks Consensus Estimate for earnings only in two of the trailing four quarters. The company’s third quarter 2017 results were driven by higher revenues and easing margin pressure, while a rise in operating expenses and higher credit costs were undermining factors. A solid liquidity position and strength in the credit card and online banking businesses position it well for long term growth. The acquisition of Cabela's credit card portfolio further supports the company's prospects. However, continuously increasing expenses (mainly due to a rise in salaries and marketing costs) will hurt the company's bottom-line growth. Also, its asset quality is expected to remain under pressure due to losses in the auto portfolio and U.S. card business.”

COF has been the topic of a number of other research reports. Piper Jaffray Companies reiterated a sell rating and issued a $81.00 target price on shares of Capital One Financial Corporation in a research note on Friday. BMO Capital Markets raised their price target on Capital One Financial Corporation from $116.00 to $118.00 and gave the stock an outperform rating in a report on Wednesday, October 25th. Oppenheimer Holdings, Inc. reissued a hold rating on shares of Capital One Financial Corporation in a report on Tuesday, October 24th. Wells Fargo & Company raised their price objective on Capital One Financial Corporation from $96.00 to $98.00 and gave the stock an outperform rating in a research note on Wednesday, October 25th. Finally, Wedbush upgraded Capital One Financial Corporation from an underperform rating to a neutral rating and set a $80.00 price objective for the company in a research note on Wednesday, October 25th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $95.00.

Capital One Financial Corporation (NYSE COF) traded down 0.25% during midday trading on Monday, reaching $92.20. 1,722,887 shares of the company’s stock traded hands. Capital One Financial Corporation has a 1-year low of $71.91 and a 1-year high of $96.92. The firm has a market cap of $44.62 billion, a price-to-earnings ratio of 13.44 and a beta of 1.23. The stock’s 50 day moving average price is $85.30 and its 200 day moving average price is $82.68.

Capital One Financial Corporation (NYSE:COF) last issued its earnings results on Tuesday, October 24th. The financial services provider reported $2.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.15 by $0.27. Capital One Financial Corporation had a return on equity of 8.25% and a net margin of 13.34%. The business had revenue of $6.99 billion during the quarter, compared to analyst estimates of $6.81 billion. During the same quarter in the previous year, the firm earned $2.03 EPS. Capital One Financial Corporation’s revenue was up 8.1% on a year-over-year basis. Equities research analysts anticipate that Capital One Financial Corporation will post $7.54 EPS for the current year.

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In other Capital One Financial Corporation news, Director Ann F. Hackett sold 11,055 shares of the firm’s stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $91.18, for a total value of $1,007,994.90. Following the transaction, the director now directly owns 69,066 shares of the company’s stock, valued at $6,297,437.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.73% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of the business. South State Corp boosted its holdings in Capital One Financial Corporation by 9.2% in the second quarter. South State Corp now owns 65,457 shares of the financial services provider’s stock worth $5,408,000 after purchasing an additional 5,510 shares in the last quarter. Bank of Nova Scotia grew its stake in Capital One Financial Corporation by 70.8% during the second quarter. Bank of Nova Scotia now owns 187,907 shares of the financial services provider’s stock worth $15,525,000 after buying an additional 77,861 shares during the last quarter. Sky Investment Group LLC grew its stake 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 worth $279,000 after buying an additional 290 shares during the last quarter. CNA Financial Corp grew its stake 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 worth $2,630,000 after buying an additional 5,427 shares during the last quarter. Finally, Royal Bank of Scotland Group PLC grew its stake in Capital One Financial Corporation by 7.7% during the first quarter. Royal Bank of Scotland Group PLC now owns 184,666 shares of the financial services provider’s stock worth $16,003,000 after buying an additional 13,153 shares during the last quarter. Institutional investors own 87.51% of the company’s stock.

Capital One Financial Corporation Company Profile

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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