News stories about Capital One Financial (NYSE:COF) have trended positive recently, according to Accern Sentiment. The research group identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Capital One Financial earned a news sentiment score of 0.28 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 47.4641416134302 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:
- Capital One Financial Corp. (COF) to Post FY2018 Earnings of $9.65 Per Share, Wedbush Forecasts (americanbankingnews.com)
- Q4 2017 Earnings Forecast for Capital One Financial Corp. Issued By Jefferies Group (COF) (americanbankingnews.com)
- Capital One Financial Corp. (COF) to Post FY2017 Earnings of $7.95 Per Share, Jefferies Group Forecasts (americanbankingnews.com)
- Why Investor Concerns About Capital One’s Elevated Card Charge-Off Rates Are Justified (finance.yahoo.com)
- Capital One Supports Branches’ ASSETS Program in Miami (prweb.com)
A number of equities analysts have issued reports on the stock. Royal Bank of Canada restated a “buy” rating and issued a $113.00 price objective on shares of Capital One Financial in a research report on Tuesday. Piper Jaffray Companies restated a “hold” rating on shares of Capital One Financial in a research report on Tuesday. Wells Fargo & Co restated an “outperform” rating and issued a $112.00 price objective (up previously from $102.00) on shares of Capital One Financial in a research report on Tuesday. Zacks Investment Research upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and set a $111.00 price objective on the stock in a research report on Tuesday, December 26th. Finally, Credit Suisse Group restated a “neutral” rating on shares of Capital One Financial in a research report on Wednesday, December 27th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $102.14.
Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $2.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.27. Capital One Financial had a net margin of 13.34% and a return on equity of 8.25%. The company had revenue of $6.99 billion for the quarter, compared to analysts’ expectations of $6.81 billion. During the same quarter in the previous year, the company earned $2.03 earnings per share. Capital One Financial’s quarterly revenue was up 8.1% on a year-over-year basis. equities analysts anticipate that Capital One Financial will post 7.96 EPS for the current year.
Capital One Financial declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, December 26th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
In related news, Director Ann F. Hackett sold 11,055 shares of the business’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $91.18, for a total transaction of $1,007,994.90. Following the sale, the director now owns 69,066 shares of the company’s stock, valued at $6,297,437.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Yajnik Sanjiv sold 156,278 shares of the business’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $100.00, for a total transaction of $15,627,800.00. Following the sale, the insider now directly owns 199,216 shares in the company, valued at approximately $19,921,600. The disclosure for this sale can be found here. Insiders have sold 435,282 shares of company stock worth $42,264,713 in the last three months. 1.73% of the stock is currently owned by insiders.
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Capital One Financial 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.
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