Capital One (NYSE:COF) Has Been Upgraded Today by Piper Jaffray to a “Overweight”

June 14, 2018 - By Christine McCrea

Capital One Financial Corporation (NYSE:COF) Logo

Investors sentiment decreased to 1.01 in 2018 Q1. Its down 0.02, from 1.03 in 2017Q4. It worsened, 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.

Tru Department Mb Natl Bank N A stated it has 0% in Capital One Financial Corporation (NYSE:COF). Kanawha Capital Mgmt holds 0.75% of its portfolio in Capital One Financial Corporation (NYSE:COF) for 51,575 shares. Cornerstone Advsr invested in 0.01% or 164 shares. Crawford Investment Counsel Incorporated has invested 0.02% of its portfolio in Capital One Financial Corporation (NYSE:COF). Td Asset Mngmt reported 201,628 shares. Great Lakes Advsr Limited Liability Corp stated it has 0.03% in Capital One Financial Corporation (NYSE:COF). Checchi Advisers Llc holds 0.07% in Capital One Financial Corporation (NYSE:COF) or 5,203 shares. Dowling Yahnke Ltd Liability Corporation stated it has 10,456 shares or 0.09% of all its holdings. Parsons Mngmt Ri stated it has 0.07% of its portfolio in Capital One Financial Corporation (NYSE:COF). Brandywine Glob Inv Mngmt Lc holds 0.26% of its portfolio in Capital One Financial Corporation (NYSE:COF) for 436,581 shares. Mycio Wealth Ptnrs Ltd Liability Corporation holds 3,417 shares or 0.04% of its portfolio. Aqr Mgmt Limited Liability Company reported 1.40 million shares. Moreover, First Interstate Financial Bank has 0.02% invested in Capital One Financial Corporation (NYSE:COF). 3,300 are owned by Boston Common Asset Mngmt. Waddell And Reed stated it has 678,300 shares.

Since December 15, 2017, it had 0 buys, and 20 sales for $98.05 million activity. WARNER BRADFORD H sold 3,000 shares worth $285,150. 511 shares were sold by FAIRBANK RICHARD D, worth $48,545. Alexander Robert M. sold $649,706 worth of Capital One Financial Corporation (NYSE:COF) on Friday, December 15. On Thursday, April 26 the insider Borgmann Kevin S. sold $1.13 million. FINNERAN JOHN G JR sold 47,729 shares worth $4.74 million. Berson Jory A had sold 18,909 shares worth $1.84M on Thursday, June 7.

Capital One (NYSE:COF) Stock Upgrade

In a note revealed to investors on Thursday morning, Piper Jaffray announced that they have decided to upgrade shares of Capital One (NYSE:COF) stock from a “Neutral” to a “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 stock has “Buy” rating by BMO Capital Markets on Tuesday, April 24. The rating was maintained by Jefferies on Wednesday, January 10 with “Hold”. Keefe Bruyette & Woods maintained Capital One Financial Corporation (NYSE:COF) on Tuesday, January 23 with “Buy” rating. Robert W. Baird maintained Capital One Financial Corporation (NYSE:COF) rating on Tuesday, January 2. Robert W. Baird has “Hold” rating and $106.0 target. Wells Fargo maintained Capital One Financial Corporation (NYSE:COF) rating on Tuesday, January 9. Wells Fargo has “Buy” rating and $112.0 target. The company was maintained on Wednesday, January 24 by Piper Jaffray. The stock of Capital One Financial Corporation (NYSE:COF) has “Hold” rating given on Tuesday, April 24 by Robert W. Baird. The rating was maintained by Morgan Stanley with “Equal-Weight” on Thursday, January 25. RBC Capital Markets maintained the stock with “Buy” rating in Wednesday, January 24 report. Sandler O’Neill maintained Capital One Financial Corporation (NYSE:COF) on Wednesday, January 24 with “Buy” rating.

The stock increased 0.29% or $0.28 during the last trading session, reaching $96.29. About 2.61M 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 $1.21 billion 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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