Reviewing The Case For Capital One Financial Corp. (COF) Going Higher

Currently, there are 380.40M common shares owned by the public and among those 375.68M shares have been available to trade.

Insiders at the company have transacted a total of 97 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 50 of these insider trades were purchases, accounting for 431,711 shares. Insider sales of the common stock occurred on 47 occasions, with total insider shares sold totaling 270,495 shares.

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However, the script later moved the day high at 138.95, up 0.12%. The company’s stock has a 5-day price change of -0.07% and 30.84% over the past three months. COF shares are trading 4.78% year to date (YTD), with the 12-month market performance up to 23.16% higher. It has a 12-month low price of $83.93 and touched a high of $140.86 over the same period. COF has an average intraday trading volume of 2.49 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.81%, 5.26%, and 24.30% respectively.

Institutional ownership of Capital One Financial Corp. (NYSE: COF) shares accounts for 91.17% of the company’s 380.40M shares outstanding.

It has a market capitalization of $52.32B and a beta (3y monthly) value of 1.49. The stock’s trailing 12-month PE ratio is 11.50, while the earnings-per-share (ttm) stands at $11.95. The company has a debt-to-equity ratio at 0.86. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.83% over the week and 2.41% over the month.

Analysts forecast that Capital One Financial Corp. (COF) will achieve an EPS of $3.35 for the current quarter, $3.45 for the next quarter and $16.45 for 2025. The lowest estimate earnings-per-share for the quarter is $2.35 while analysts give the company a high EPS estimate of $4.05. Comparatively, EPS for the current quarter was $2.31 a year ago. Earnings per share for the fiscal year are expected to increase by 10.59%, and 18.09% over the next financial year. EPS should shrink at an annualized rate of -0.97% over the next five years, compared to 0.22% over the past 5-year period.

Deutsche Bank coverage for the Capital One Financial Corp. (COF) stock in a research note released on January 10, 2024 offered a Hold rating with a price target of $153. BMO Capital Markets was of a view on January 10, 2024 that the stock is Market Perform, while Robert W. Baird gave the stock Neutral rating on January 08, 2024, issuing a price target of $150- $145. JP Morgan on their part issued Neutral rating on January 04, 2024.

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