Price Action to Note: Capital One Financial Corp.’s Trend Up, Especially After Today’s 52-Week High Milestone

Price Action to Note: Capital One Financial Corp.'s Trend Up, Especially After Today's 52 Week High Milestone

The stock of Capital One Financial Corp. (NYSE:COF) hit a new 52-week high and has $88.91 target or 7.00% above today’s $83.09 share price. The 6 months bullish chart indicates low risk for the $40.30B company. The 1-year high was reported on Nov, 22 by If the $88.91 price target is reached, the company will be worth $2.82 billion 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. About 869,724 shares traded hands. Capital One Financial Corp. (NYSE:COF) has risen 10.31% since April 20, 2016 and is uptrending. It has outperformed by 5.76% the S&P500.

Capital One Financial Corp. (NYSE:COF) Ratings Coverage

Out of 27 analysts covering Capital One Financial Corp. (NYSE:COF), 13 rate it a “Buy”, 3 “Sell”, while 11 “Hold”. This means 48% are positive. $113 is the highest target while $67 is the lowest. The $83.10 average target is 0.01% above today’s ($83.09) stock price. Capital One Financial Corp. has been the topic of 48 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of Capital One Financial Corp. (NYSE:COF) earned “Underperform” rating by Oppenheimer on Tuesday, April 5. The firm has “Neutral” rating by DA Davidson given on Wednesday, January 27. The stock has “Underperform” rating given by Bank of America on Wednesday, April 27. Deutsche Bank maintained Capital One Financial Corp. (NYSE:COF) rating on Thursday, August 6. Deutsche Bank has “Buy” rating and $92 price target. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, January 14. JP Morgan upgraded the stock to “Overweight” rating in Friday, April 1 report. The firm has “Underperform” rating by Sterne Agee CRT given on Wednesday, June 8. Deutsche Bank maintained Capital One Financial Corp. (NYSE:COF) rating on Thursday, February 18. Deutsche Bank has “Buy” rating and $79 price target. Argus Research maintained Capital One Financial Corp. (NYSE:COF) on Wednesday, January 27 with “Buy” rating. The firm has “Neutral” rating given on Thursday, February 11 by Bank of America.

According to Zacks Investment Research, “Capital One Financial is a holding company whose subsidiaries provide a variety of products and services to consumers using its proprietary information-based strategy. The corporation’s principal subsidiary, Capital One Bank offers credit card products. Capital One Services, Inc., another subsidiary of the corporation, provides various operating, administrative and other services to the corporation and its subsidiaries.”

Insitutional Activity: The institutional sentiment decreased to 0.59 in 2016 Q2. Its down 0.17, from 0.76 in 2016Q1. The ratio fall, as 67 funds sold all Capital One Financial Corp. shares owned while 297 reduced positions. 44 funds bought stakes while 231 increased positions. They now own 435.73 million shares or 2.30% less from 446.00 million shares in 2016Q1.
New Mexico Educational Retirement Board holds 0.17% of its portfolio in Capital One Financial Corp. (NYSE:COF) for 59,717 shares. Cornerstone Advsrs Inc accumulated 0.01% or 164 shares. Busey Tru Co owns 102,286 shares or 0.83% of their US portfolio. Van Strum Towne holds 1.65% of its portfolio in Capital One Financial Corp. (NYSE:COF) for 39,094 shares. American Assets Investment Management Ltd Com has 36,000 shares for 0.56% of their US portfolio. Ironwood Investment Counsel Ltd reported 25,564 shares or 0.92% of all its holdings. Flippin Bruce And Porter accumulated 0.69% or 36,357 shares. Moreover, Los Angeles Cap Mgmt & Equity has 0% invested in Capital One Financial Corp. (NYSE:COF) for 4,985 shares. Ledyard Bankshares accumulated 0.01% or 846 shares. Kerrisdale Advisers Limited Co accumulated 0.84% or 82,497 shares. Point72 Asset Limited Partnership accumulated 987,000 shares or 0.43% of the stock. Janus Cap Mgmt Ltd Llc last reported 309,346 shares in the company. Advantus Cap Management last reported 49,827 shares in the company. Thrivent For Lutherans accumulated 445,753 shares or 0.13% of the stock. Pinnacle holds 14,357 shares or 0.02% of its portfolio.

Insider Transactions: Since October 27, 2016, the stock had 0 insider buys, and 5 insider sales for $95.81 million net activity. Another trade for 265,914 shares valued at $19.99 million was sold by FAIRBANK RICHARD D. On Friday, November 11 Berson Jory A sold $566,880 worth of the stock or 7,086 shares. Another trade for 88,510 shares valued at $7.16M was made by FINNERAN JOHN G JR on Friday, November 11.

More recent Capital One Financial Corp. (NYSE:COF) news were published by: which released: “Ex-Dividend Reminder: Capital One Financial, Charles Schwab and Kemper” on November 07, 2016. Also published the news titled: “Analyst Update: JPMorgan Chase & Co., Capital One Financial Corp., and Bank of …” on November 21, 2016.‘s news article titled: “Capital One Financial (COF) Shares Cross 2% Yield Mark” with publication date: November 15, 2016 was also an interesting one.

COF Company Profile

Capital One Financial Corporation, incorporated on July 21, 1994, is a diversified financial services holding company. The Company, along with its subsidiaries, offers a range of financial services and products to consumers, small businesses and commercial clients through branches, the Internet and other distribution channels. The Company’s divisions include Credit Card, Consumer Banking, Commercial Banking and Other. The Credit Card segment consists of its domestic consumer and small business card lending, and the international card lending businesses in Canada and the United Kingdom. The Consumer Banking segment consists of its branch lending and deposit gathering activities for clients and small businesses, national deposit gathering, national auto lending and consumer home loan lending and servicing activities. The Commercial Banking consists of its lending, deposit gathering and treasury management services to commercial real estate, and commercial and industrial customers. The Other segment includes management of its corporate investment portfolio and asset/liability management.

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