Capital One Financial Corporation Target of Unusually Large Options Trading (COF)

Capital One Financial Corporation (NYSE:COF) was the recipient of unusually large options trading on Friday. Investors acquired 1,056 put options on the stock. This represents an increase of 287% compared to the average volume of 273 put options.

Several brokerages recently weighed in on COF. Keefe, Bruyette & Woods restated a “buy” rating and set a $106.00 target price on shares of Capital One Financial Corporation in a research note on Friday. BidaskClub upgraded Capital One Financial Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $85.00 price target (down previously from $88.00) on shares of Capital One Financial Corporation in a research report on Sunday, May 21st. Deutsche Bank AG raised Capital One Financial Corporation from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a research report on Monday, May 1st. Finally, Instinet reaffirmed a “buy” rating and set a $101.00 price target (down previously from $105.00) on shares of Capital One Financial Corporation in a research report on Saturday, April 29th. Four analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $92.05.

Shares of Capital One Financial Corporation (COF) traded down 0.05% during trading on Friday, hitting $81.31. The company had a trading volume of 3,266,384 shares. The firm has a market capitalization of $39.22 billion, a P/E ratio of 12.34 and a beta of 1.21. The stock’s 50-day moving average is $80.17 and its 200 day moving average is $85.98. Capital One Financial Corporation has a 52-week low of $58.03 and a 52-week high of $96.92.

Capital One Financial Corporation (NYSE:COF) last announced its quarterly earnings data on Tuesday, April 25th. The financial services provider reported $1.75 EPS for the quarter, missing the Zacks’ consensus estimate of $1.93 by $0.18. The firm had revenue of $6.54 billion during the quarter, compared to analyst estimates of $6.63 billion. Capital One Financial Corporation had a net margin of 12.96% and a return on equity of 7.83%. Capital One Financial Corporation’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.84 EPS. Equities research analysts predict that Capital One Financial Corporation will post $7.49 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 25th. Investors of record on Monday, May 15th were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, May 11th. This represents a $1.60 dividend on an annualized basis and a yield of 1.97%. Capital One Financial Corporation’s payout ratio is currently 24.32%.

In related news, insider Michael J. Wassmer sold 734 shares of the business’s stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $86.88, for a total transaction of $63,769.92. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michael Slocum sold 6,276 shares of the business’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $82.16, for a total value of $515,636.16. Following the transaction, the insider now owns 61,905 shares in the company, valued at $5,086,114.80. The disclosure for this sale can be found here. 1.73% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in the stock. Guardian Life Insurance Co. of America increased its stake in shares of Capital One Financial Corporation by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 1,860 shares of the financial services provider’s stock worth $161,000 after buying an additional 11 shares during the last quarter. Trust Co. of Virginia VA increased its stake in shares of Capital One Financial Corporation by 0.8% in the first quarter. Trust Co. of Virginia VA now owns 4,578 shares of the financial services provider’s stock worth $397,000 after buying an additional 35 shares during the last quarter. Quadrant Capital Group LLC increased its stake in Capital One Financial Corporation by 2.5% in the first quarter. Quadrant Capital Group LLC now owns 1,472 shares of the financial services provider’s stock worth $121,000 after buying an additional 36 shares during the last quarter. Hugh Johnson Advisors LLC increased its stake in Capital One Financial Corporation by 0.3% in the first quarter. Hugh Johnson Advisors LLC now owns 21,317 shares of the financial services provider’s stock worth $1,847,000 after buying an additional 54 shares during the last quarter. Finally, Freestone Capital Holdings LLC increased its stake in Capital One Financial Corporation by 0.5% in the fourth quarter. Freestone Capital Holdings LLC now owns 11,236 shares of the financial services provider’s stock worth $980,000 after buying an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 88.91% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Capital One Financial Corporation Target of Unusually Large Options Trading (COF)” was originally published by Markets Daily and is the sole property of of Markets Daily. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of US & international copyright laws. The correct version of this piece of content can be viewed at https://www.themarketsdaily.com/2017/06/16/capital-one-financial-corp-sees-unusually-high-options-volume-cof-updated-updated-updated.html.

About Capital One Financial Corporation

Capital One Financial Corporation is a diversified financial services holding company. The Company, along with its subsidiaries, offers a range of financial products and services to consumers, small businesses and commercial clients through branches, the Internet and other distribution channels. The Company’s segments include Credit Card, Consumer Banking, Commercial Banking and Other.

Receive News & Ratings for Capital One Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital One Financial Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply