The Vanguard Group, Inc. has recently announced that it has increased stake in Capital One Financial Corp. (NYSE:COF) by 0.00%. After grabbing 28.93 million shares, the institutional investor is now in possession of 47.0 shares of the Financial Company. The new investment brought the stake of investor firm to 7.60% having worth around $3.23 billion. Moreover, Harris Associates LP increased its share by 0.32 million to have a control over 19.41 million shares. And BlackRock Fund Advisors raised its holdings to 0.18 million shares by acquiring 16.45 million shares or 4.32% of the stake.
Capital One Financial Corp. (COF) concluded trading on 12/21/23 at a closing price of $129.64, with 3.2 million shares of worth about $414.7 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 21.61% during that period and on Thursday the price saw a gain of about 1.50%. Currently the company’s common shares owned by public are about 381.32M shares, out of which, 375.78M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 25 analysts are covering the COF stock and their offered price forecasts bring an average price target of $118.83. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $146.00 and could fall to a lowest price of $87.00. The stock’s current price level is -9.1% below of average price target set by the analysts, while a dip to estimated low would result in loss of -49.01% for the stock. However, touching the estimated high of $146.00 would mean a gain of 11.21% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 173 times over the past 12 months. They bought 625,393 shares in 72 of the transactions. In 101 selling transactions, insiders dumped 377,310 shares.
Dodge & Cox Stock Fund, Vanguard Total Stock Market ETF, and Vanguard 500 Index Fund are the top 3 mutual funds which are holding stakes in Capital One Financial Corp. Dodge & Cox Stock Fund is currently holding 19.03 million shares of worth totaling $2.12 billion. The company recently came selling -4.41 million shares which brought its stake up to 5.00% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 53616.0 shares, after which its hold over company’s outstanding shares expand to 2.98%, leaving 11.33 million shares with the mutual fund that have a worth of about $1.27 billion. Vanguard 500 Index Fund, after buying 9.22 million shares, have now control over 2.42% of the stake in the company. It holds 48901.0 shares of worth $1.03 billion.
Capital One Financial Corp. (NYSE: COF) started trading at $128.89, above $1.16 from concluding price of the previous day. However, the stock later moved at a day high price of 130.63, or with a gain of 1.50%. Stock saw a price change of 0.34% in past 5 days and over the past one month there was a price change of 22.56%. Year-to-date (YTD), COF shares are showing a performance of 39.46% which increased to 46.67% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $83.93 but also hit the highest price of $132.14 during that period. The average intraday trading volume for Capital One Financial Corp. shares is 2.64 million. The stock is currently trading 10.16% above its 20-day simple moving average (SMA20), while that difference is up 21.08% for SMA50 and it goes to 25.58% higher than SMA200.
The Vanguard Group, Inc. acquired 28.93 million shares of Capital One Financial Corp. having value of about $3.23 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 47.0 shares in the company valued at close to $6093.08, or have control over 0.00% stake in the company. Capital One Financial Corp. (NYSE: COF) currently have 381.32M outstanding shares and institutions hold larger chunk of about 91.51% of that. Holding of mutual funds in the company is about 40.28% while other institutional holders and individual stake holders have control over 51.55% and 2.49% of the stake respectively.
The stock has a current market capitalization of $49.37B and its 3Y-monthly beta is at 1.46. PE ratio of stock for trailing 12 months is 9.74, while it has posted earnings per share of $13.31 in the same period. It has a debt-to-equity ratio of 0.92. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for COF, volatility over the week remained 2.02% while standing at 2.38% over the month.
Analysts are in expectations that Capital One Financial Corp. (COF) stock would likely to be making an EPS of $2.68 in the current quarter, while forecast for next quarter EPS is $3.66 and it is $13.8 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.57 which is $3.57 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $2.82 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -26.72% while it is estimated to increase by 6.57% in next year. EPS is likely to shrink at an annualized rate of -6.60% for next 5-years, compared to annual growth of 38.72% made by the stock over the past 5-years.
Analysts at 25 brokerage firms have issued recommendations for the Capital One Financial Corp. (COF)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.48. Out of those 25 Wall Street analysts, 10 recommended a “Buy” rating, while 10 were in favor recommending the stock as a “Hold” and 4 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on December 13, 2023 offering an Equal-weight rating for the stock and assigned a target price range of between $87 and $120 to it.
