Capital One Financial Sees Unusually High Options Volume (NYSE:COF)

Capital One Financial Co. (NYSE:COF) saw unusually large options trading on Thursday. Stock traders bought 25,831 call options on the company. This represents an increase of 159% compared to the average volume of 9,972 call options.

Capital One Financial Price Performance

Shares of NYSE COF opened at $204.14 on Friday. The business has a 50 day simple moving average of $184.29 and a 200-day simple moving average of $161.66. Capital One Financial has a twelve month low of $128.23 and a twelve month high of $207.24. The company has a market capitalization of $77.82 billion, a price-to-earnings ratio of 17.61, a price-to-earnings-growth ratio of 1.24 and a beta of 1.46. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.78.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.31. Capital One Financial had a net margin of 9.46% and a return on equity of 9.50%. The firm had revenue of $10.19 billion during the quarter, compared to analyst estimates of $10,220,675.12 billion. During the same quarter in the previous year, the firm earned $2.81 earnings per share. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, equities research analysts expect that Capital One Financial will post 15.22 earnings per share for the current year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th were issued a $0.60 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $2.40 dividend on an annualized basis and a yield of 1.18%. Capital One Financial’s dividend payout ratio is currently 20.71%.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 10,541 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total value of $2,005,530.66. Following the transaction, the insider now directly owns 26,482 shares of the company’s stock, valued at $5,038,465.32. This trade represents a 28.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Kara West sold 721 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $184.73, for a total value of $133,190.33. Following the transaction, the insider now owns 12,929 shares in the company, valued at approximately $2,388,374.17. This represents a 5.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,256 shares of company stock worth $2,462,487 in the last three months. 1.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Capital One Financial

Institutional investors have recently made changes to their positions in the stock. Asset Management One Co. Ltd. boosted its position in Capital One Financial by 5.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 146,769 shares of the financial services provider’s stock valued at $21,976,000 after purchasing an additional 7,331 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Capital One Financial by 4.3% during the third quarter. Principal Financial Group Inc. now owns 430,654 shares of the financial services provider’s stock valued at $64,482,000 after acquiring an additional 17,825 shares during the period. CWA Asset Management Group LLC bought a new position in shares of Capital One Financial during the third quarter worth about $1,649,000. Dai ichi Life Insurance Company Ltd increased its holdings in shares of Capital One Financial by 36.8% in the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 11,162 shares of the financial services provider’s stock worth $1,671,000 after acquiring an additional 3,000 shares during the period. Finally, Fisher Asset Management LLC lifted its position in Capital One Financial by 0.7% in the 3rd quarter. Fisher Asset Management LLC now owns 9,694,297 shares of the financial services provider’s stock valued at $1,451,527,000 after purchasing an additional 72,097 shares during the last quarter. 89.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

COF has been the topic of several recent research reports. Bank of America lowered Capital One Financial from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $203.00 to $200.00 in a research report on Monday, December 9th. Wells Fargo & Company boosted their target price on shares of Capital One Financial from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. upped their target price on shares of Capital One Financial from $162.00 to $186.00 and gave the company a “neutral” rating in a research note on Monday, December 9th. Keefe, Bruyette & Woods lifted their price target on shares of Capital One Financial from $185.00 to $232.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Finally, Robert W. Baird upped their price objective on shares of Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Ten analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $190.47.

Capital One Financial Company Profile

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.