Is Buying Capital One Financial Corporation (COF) Here a Winning Strategy?

January 14, 2018 - By Dolores Ford

Investors sentiment increased to 1.09 in Q3 2017. Its up 0.14, from 0.95 in 2017Q2. It increased, as 51 investors sold Capital One Financial Corporation shares while 241 reduced holdings. 69 funds opened positions while 250 raised stakes. 422.76 million shares or 0.55% more from 420.45 million shares in 2017Q2 were reported.
Plante Moran Advsr Ltd Com reported 0.02% of its portfolio in Capital One Financial Corporation (NYSE:COF). Nj State Employees Deferred Compensation Plan accumulated 8,733 shares or 0.13% of the stock. Bnp Paribas Asset Mngmt Sa reported 10,421 shares or 0.01% of all its holdings. Cibc reported 70,448 shares. Basswood Mngmt Ltd Llc holds 614,277 shares or 2.39% of its portfolio. Moreover, Benjamin F Edwards And Incorporated has 0% invested in Capital One Financial Corporation (NYSE:COF). Polaris Cap Mngmt Limited Liability Corp owns 414,234 shares. Advantage invested in 197 shares. Wms Ptnrs Limited Liability accumulated 1.7% or 168,799 shares. Art Advsr Limited Liability Corporation holds 94,200 shares. Somerset Tru invested 1.13% of its portfolio in Capital One Financial Corporation (NYSE:COF). Alliancebernstein Ltd Partnership invested in 3.37 million shares or 0.21% of the stock. Cwm Limited Liability Com has invested 0% in Capital One Financial Corporation (NYSE:COF). Guardian Cap Lp has invested 0.03% in Capital One Financial Corporation (NYSE:COF). Keybank Association Oh holds 0.18% of its portfolio in Capital One Financial Corporation (NYSE:COF) for 366,401 shares.

Since October 25, 2017, it had 0 insider buys, and 8 insider sales for $18.16 million activity. $4.74 million worth of stock was sold by FINNERAN JOHN G JR on Tuesday, January 2. On Friday, October 27 SHATTUCK MAYO A III sold $2.24 million worth of Capital One Financial Corporation (NYSE:COF) or 24,167 shares. 6,716 shares were sold by Alexander Robert M., worth $649,706. Another trade for 3,000 shares valued at $298,392 was sold by WARNER BRADFORD H. LaPrade – III Frank G. had sold 83,046 shares worth $7.89 million on Thursday, December 14.

The stock of Capital One Financial Corporation (NYSE:COF) hit a new 52-week high and has $113.86 target or 8.00 % above today’s $105.43 share price. The 7 months bullish chart indicates low risk for the $51.11B company. The 1-year high was reported on Jan, 14 by Barchart.com. If the $113.86 price target is reached, the company will be worth $4.09B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.97% or $1.01 during the last trading session, reaching $105.43. About 2.30 million shares traded or 7.51% up from the average. Capital One Financial Corporation (NYSE:COF) has risen 13.81% since January 14, 2017 and is uptrending. It has underperformed by 2.89% the S&P500.

Analysts await Capital One Financial Corporation (NYSE:COF) to report earnings on January, 23 after the close. They expect $1.84 earnings per share, up 26.90 % or $0.39 from last year’s $1.45 per share. COF’s profit will be $891.92 million for 14.32 P/E if the $1.84 EPS becomes a reality. After $2.42 actual earnings per share reported by Capital One Financial Corporation for the previous quarter, Wall Street now forecasts -23.97 % negative EPS growth.

Capital One Financial Corporation (NYSE:COF) Ratings Coverage

Among 36 analysts covering Capital One Financial Corp. (NYSE:COF), 22 have Buy rating, 1 Sell and 13 Hold. Therefore 61% are positive. Capital One Financial Corp. has $120.0 highest and $67 lowest target. $93.07’s average target is -11.72% below currents $105.43 stock price. Capital One Financial Corp. had 100 analyst reports since July 24, 2015 according to SRatingsIntel. As per Friday, July 21, the company rating was upgraded by Oppenheimer. The firm has “Underperform” rating by Sterne Agee CRT given on Wednesday, June 8. Argus Research upgraded the stock to “Buy” rating in Thursday, August 13 report. The firm has “Hold” rating by Jefferies given on Wednesday, January 10. The stock has “Buy” rating by RBC Capital Markets on Wednesday, June 14. The stock of Capital One Financial Corporation (NYSE:COF) has “Buy” rating given on Wednesday, October 25 by RBC Capital Markets. The rating was maintained by Wedbush with “Hold” on Monday, December 11. The stock of Capital One Financial Corporation (NYSE:COF) earned “Hold” rating by Robert W. Baird on Tuesday, January 2. Bank of America downgraded the shares of COF in report on Thursday, February 11 to “Neutral” rating. The firm earned “Hold” rating on Tuesday, December 26 by Piper Jaffray.

More notable recent Capital One Financial Corporation (NYSE:COF) news were published by: Fortune.com which released: “Capital One CEO Richard Fairbank Just Became a Billionaire” on January 05, 2018, also Time.com with their article: “Capital One Double-Charged Some of Its Customers. Here’s How to See If You …” published on January 04, 2018, Reuters.com published: “Capital One says all hands on deck to fix duplicate transaction issue” on January 04, 2018. More interesting news about Capital One Financial Corporation (NYSE:COF) were released by: Seekingalpha.com and their article: “Capital One Financial: Is There Still Upside?” published on December 28, 2017 as well as Bizjournals.com‘s news article titled: “Capital One’s chief executive has a lot in his wallet — more than $1B” with publication date: January 08, 2018.

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 $51.11 billion. It operates through three divisions: Credit Card, Consumer Banking, and Commercial Banking. It has a 14.87 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.

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