Short Interest in Capital One Financial Corp. (NYSE:COF) Expands By 10.4%

Capital One Financial Corp. (NYSE:COF) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totalling 5,026,900 shares, a growth of 10.4% from the June 30th total of 4,551,400 shares. Based on an average daily trading volume, of 2,230,000 shares, the days-to-cover ratio is currently 2.3 days. Currently, 1.1% of the shares of the stock are short sold.

COF traded down $3.65 during midday trading on Wednesday, hitting $83.56. The company’s stock had a trading volume of 276,749 shares, compared to its average volume of 2,428,948. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $41.08 billion, a price-to-earnings ratio of 7.69, a P/E/G ratio of 0.96 and a beta of 1.24. The firm has a 50-day simple moving average of $91.09. Capital One Financial has a 52-week low of $69.90 and a 52-week high of $101.26.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Thursday, July 18th. The financial services provider reported $3.37 EPS for the quarter, beating the consensus estimate of $2.84 by $0.53. The company had revenue of $7.12 billion during the quarter, compared to analysts’ expectations of $7.01 billion. Capital One Financial had a return on equity of 10.68% and a net margin of 17.50%. The firm’s revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.71 EPS. On average, sell-side analysts forecast that Capital One Financial will post 11.46 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Monday, August 5th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.91%. The ex-dividend date is Friday, August 2nd. Capital One Financial’s dividend payout ratio (DPR) is 14.71%.

A number of analysts recently commented on the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $98.00 price objective on shares of Capital One Financial in a research report on Friday, May 3rd. Credit Suisse Group set a $118.00 price objective on Capital One Financial and gave the stock a “buy” rating in a research report on Friday, July 19th. Morgan Stanley set a $99.00 price objective on Capital One Financial and gave the stock a “hold” rating in a research report on Friday, August 9th. BMO Capital Markets set a $141.00 price objective on Capital One Financial and gave the stock a “buy” rating in a research report on Friday, July 19th. Finally, Jefferies Financial Group upgraded Capital One Financial from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $95.00 to $115.00 in a research report on Tuesday, May 14th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $105.11.

In other news, Director Bradford H. Warner sold 4,000 shares of Capital One Financial stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $85.98, for a total transaction of $343,920.00. Following the completion of the transaction, the director now owns 57,930 shares of the company’s stock, valued at approximately $4,980,821.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael J. Wassmer sold 8,212 shares of Capital One Financial stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $95.03, for a total value of $780,386.36. Following the transaction, the insider now directly owns 84,679 shares of the company’s stock, valued at approximately $8,047,045.37. The disclosure for this sale can be found here. Insiders have sold a total of 55,149 shares of company stock valued at $5,053,283 in the last ninety days. Corporate insiders own 1.43% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC grew its position in shares of Capital One Financial by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 6,275,759 shares of the financial services provider’s stock worth $473,568,000 after buying an additional 370,154 shares during the last quarter. Valeo Financial Advisors LLC grew its position in shares of Capital One Financial by 115.2% in the 1st quarter. Valeo Financial Advisors LLC now owns 566 shares of the financial services provider’s stock worth $46,000 after buying an additional 303 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in shares of Capital One Financial in the 1st quarter worth approximately $491,000. Sciencast Management LP purchased a new position in shares of Capital One Financial in the 1st quarter worth approximately $748,000. Finally, Gemmer Asset Management LLC grew its position in shares of Capital One Financial by 43.9% in the 1st quarter. Gemmer Asset Management LLC now owns 698 shares of the financial services provider’s stock worth $57,000 after buying an additional 213 shares during the last quarter. Institutional investors own 88.28% of the company’s stock.

About Capital One Financial

Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

Further Reading: How are institutional investors different from individual investors?

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