Does Capital One Financial Corporation (COF) Have Any Gas After Forming This Bearish Double Bottom?

November 10, 2018 - By Ash

Capital One Financial Corporation (NYSE:COF) Logo

Investors sentiment increased to 1.12 in 2018 Q2. Its up 0.11, from 1.01 in 2018Q1. It is positive, as 34 investors sold Capital One Financial Corporation shares while 254 reduced holdings. 79 funds opened positions while 244 raised stakes. 411.50 million shares or 1.56% less from 418.02 million shares in 2018Q1 were reported.
First Mercantile Trust Com owns 590 shares. Pillar Pacific Cap Management Limited Liability Com stated it has 0.85% of its portfolio in Capital One Financial Corporation (NYSE:COF). Retirement System Of Alabama invested in 0.1% or 228,392 shares. Fuller And Thaler Asset Mngmt Incorporated reported 2,900 shares stake. Dorsey & Whitney Trust Company Limited Company has invested 0.08% in Capital One Financial Corporation (NYSE:COF). Davis Ptnrs Limited Com reported 5.44% stake. Bluecrest Ltd has 0.01% invested in Capital One Financial Corporation (NYSE:COF) for 4,617 shares. West Oak Limited Liability Company invested 0% in Capital One Financial Corporation (NYSE:COF). Palladium Prtnrs Ltd Liability Company reported 18,652 shares. 5.73 million were reported by Northern Tru. Gotham Asset Mngmt Lc has 0.01% invested in Capital One Financial Corporation (NYSE:COF). Armstrong Shaw Ct accumulated 36,534 shares. Hugh Johnson Advisors Llc holds 0.57% or 21,248 shares in its portfolio. Fred Alger Mngmt Incorporated holds 318 shares. Dakota Wealth Mgmt invested in 0.12% or 4,716 shares.

Since May 15, 2018, it had 0 insider buys, and 9 sales for $30.91 million activity. Shares for $461,700 were sold by Borgmann Kevin S.. 4,229 shares valued at $391,394 were sold by WARNER BRADFORD H on Monday, July 2. Shares for $24.05 million were sold by FAIRBANK RICHARD D on Tuesday, July 24. Berson Jory A sold $1.84 million worth of stock. Another trade for 1,787 shares valued at $175,126 was made by Wassmer Michael J on Thursday, June 14.

The chart of Capital One Financial Corporation (COF) shows a double bottom with $87.69 target or 3.00 % below today’s $90.40 share price. The 7 months chart pattern indicates high risk for the $42.82B company. It was reported on Nov, 10 by Finviz.com. If the $87.69 price target is reached, the company will be worth $1.28 billion less. Double bottoms are rare but powerful chart patterns.

The stock decreased 0.51% or $0.46 during the last trading session, reaching $90.4. About 1.76 million shares traded. Capital One Financial Corporation (NYSE:COF) has risen 22.42% since November 10, 2017 and is uptrending. It has outperformed by 6.80% the S&P500.

Capital One Financial Corporation (NYSE:COF) Ratings Coverage

Among 10 analysts covering Capital One Financial (NYSE:COF), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. Capital One Financial had 13 analyst reports since June 14, 2018 according to SRatingsIntel. The rating was maintained by JP Morgan on Wednesday, October 24 with “Overweight”. UBS maintained it with “Buy” rating and $113 target in Tuesday, August 7 report. The rating was upgraded by Oppenheimer to “Outperform” on Monday, July 9. Nomura maintained Capital One Financial Corporation (NYSE:COF) rating on Wednesday, October 24. Nomura has “Neutral” rating and $98 target. Wells Fargo maintained Capital One Financial Corporation (NYSE:COF) rating on Monday, October 1. Wells Fargo has “Outperform” rating and $110 target. The firm has “Buy” rating given on Thursday, November 1 by Citigroup. BMO Capital Markets maintained the shares of COF in report on Wednesday, October 24 with “Outperform” rating. Citigroup maintained it with “Buy” rating and $110 target in Monday, June 18 report. BMO Capital Markets maintained the stock with “Outperform” rating in Monday, July 30 report. Morgan Stanley maintained Capital One Financial Corporation (NYSE:COF) rating on Friday, July 20. Morgan Stanley has “Equal-Weight” rating and $109 target.

More recent Capital One Financial Corporation (NYSE:COF) news were published by: Seekingalpha.com which released: “E*Trade closes acquisition of 1M brokerage accounts from Capital One” on November 06, 2018. Also Bizjournals.com published the news titled: “What’s in Capital One’s new Tysons headquarters? Pretty much everything.” on November 02, 2018. Seekingalpha.com‘s news article titled: “Capital One: An Unimpressive Beat” with publication date: October 26, 2018 was also an interesting one.

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 $42.82 billion. It operates through three divisions: Credit Card, Consumer Banking, and Commercial Banking. It has a 14.27 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.

Capital One Financial Corporation (NYSE:COF) Institutional Positions Chart

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