Capital One Financial Corporation (COF) can make a big difference with a little luck

Capital One Financial Corporation (NYSE: COF) stock jumped 1.91% on Thursday to $102.26 against a previous-day closing price of $100.34. With 1.85 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.29 million shares. During the session, the Credit Services company that operates in wider Financial sector, reached to the highest price of $102.66 whereas the lowest price it dropped to was $101.40. The 52-week range on COF shows that it touched its highest point at $123.09 and its lowest point at $83.93 during that stretch. It currently has a 1-year price target of $116.18. With its current market cap of 39.01 billion, COF has annualized dividend of $2.40 while the current yield stands at 2.35%. Beta for the stock currently stands at 1.47.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of COF was up-trending over the past week, with a rise of 2.34%, but this was down by -4.35% over a month. Three-month performance dropped to -8.96% while six-month performance rose 10.04%. The stock gained 1.21% in the past year, while it has gained 10.00% so far this year. A look at the trailing 12-month EPS for COF yields 13.06 with Next year EPS estimates of 13.48. For the next quarter, that number is 3.32. This implies an EPS growth rate of -33.50% for this year and 15.52% for next year. EPS is expected to decline by -6.60% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 19.20%.

Float and Shares Shorts:

At present, 382.80 million COF shares are outstanding with a float of 377.34 million shares on hand for trading. On Aug 30, 2023, short shares totaled 7.79 million, which was 2.04% higher than short shares on Jul 30, 2023. In addition to Mr. Richard D. Fairbank as the firm’s Founder, Chairman, CEO & Pres, Mr. Andrew M. Young serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 91.20% of COF’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 52.87% of COF, in contrast to 39.87% held by mutual funds. Shares owned by individuals account for 2.50%. As the largest shareholder in COF with 9.10% of the stake, Dodge & Cox holds 34,714,415 shares worth 34,714,415. A second-largest stockholder of COF, The Vanguard Group, Inc., holds 28,932,515 shares, controlling over 7.59% of the firm’s shares. Harris Associates LP is the third largest shareholder in COF, holding 19,090,102 shares or 5.01% stake. With a 6.14% stake in COF, the Dodge & Cox Stock Fund is the largest stakeholder. A total of 23,434,513 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.97% of COF stock, is the second-largest Mutual Fund holder. It holds 11,309,468 shares valued at 1.32 billion. Vanguard 500 Index Fund holds 2.40% of the stake in COF, owning 9,146,477 shares worth 1.07 billion.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for COF since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With COF analysts setting a high price target of $145.00 and a low target of $87.00, the average target price over the next 12 months is $116.28. Based on these targets, COF could surge 41.8% to reach the target high and fall by -14.92% to reach the target low. Reaching the average price target will result in a growth of 13.71% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded COF stock several times over the past three months with 12 Buys and 17 Sells. In these transactions, 46,692 shares were bought while 63,531 shares were sold. The number of buy transactions has increased to 67 while that of sell transactions has risen to 107 over the past year. The total number of shares bought during that period was 701,056 while 454,976 shares were sold.

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