Traders Buy Large Volume of Call Options on Capital One Financial (NYSE:COF)

Capital One Financial Co. (NYSE:COF) was the target of unusually large options trading on Thursday. Stock investors purchased 25,831 call options on the company. This is an increase of 159% compared to the average daily volume of 9,972 call options.

Analysts Set New Price Targets

A number of research firms have commented on COF. Hsbc Global Res upgraded Capital One Financial from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Royal Bank of Canada boosted their price objective on shares of Capital One Financial from $190.00 to $200.00 and gave the stock a “sector perform” rating in a research report on Wednesday. The Goldman Sachs Group raised their target price on shares of Capital One Financial from $182.00 to $205.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Robert W. Baird upped their price target on shares of Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Finally, Evercore ISI raised their price objective on shares of Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $190.47.

Capital One Financial Stock Performance

NYSE COF opened at $203.32 on Friday. The business’s 50-day moving average price is $184.71 and its 200 day moving average price is $161.96. The company has a current ratio of 0.98, a quick ratio of 1.00 and a debt-to-equity ratio of 0.74. 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 $77.51 billion, a PE ratio of 17.54, a price-to-earnings-growth ratio of 1.29 and a beta of 1.46.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share for the quarter, topping 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 9.45%. The business had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10,220,675.12 billion. During the same period in the prior year, the firm posted $2.81 EPS. The company’s revenue was up 7.2% on a year-over-year basis. On average, research analysts predict that Capital One Financial will post 15.22 earnings per share for the current year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th were paid a dividend of $0.60 per share. The ex-dividend date was Thursday, November 14th. This represents a $2.40 annualized dividend and a dividend yield of 1.18%. Capital One Financial’s dividend payout ratio is presently 20.71%.

Insider Transactions at Capital One Financial

In related news, insider Mark Daniel Mouadeb sold 1,994 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $162.37, for a total value of $323,765.78. Following the completion of the sale, the insider now owns 19,776 shares in the company, valued at $3,211,029.12. This trade represents a 9.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael Zamsky sold 10,541 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the transaction, the insider now owns 26,482 shares in the company, valued at $5,038,465.32. The trade was a 28.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 13,256 shares of company stock valued at $2,462,487. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of Capital One Financial

Institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp lifted its position in Capital One Financial by 0.5% during the third quarter. State Street Corp now owns 16,506,861 shares of the financial services provider’s stock valued at $2,471,572,000 after buying an additional 74,784 shares in the last quarter. Franklin Resources Inc. boosted its position in Capital One Financial by 2.8% during the 3rd quarter. Franklin Resources Inc. now owns 10,387,265 shares of the financial services provider’s stock worth $1,649,488,000 after purchasing an additional 280,462 shares during the period. Fisher Asset Management LLC increased its holdings 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 in the last quarter. Geode Capital Management LLC raised its position in Capital One Financial by 2.0% in the third quarter. Geode Capital Management LLC now owns 8,020,160 shares of the financial services provider’s stock valued at $1,198,664,000 after purchasing an additional 159,616 shares during the period. Finally, FMR LLC lifted its stake in shares of Capital One Financial by 21.4% during the third quarter. FMR LLC now owns 6,640,951 shares of the financial services provider’s stock worth $994,350,000 after purchasing an additional 1,169,395 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

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.