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

Capital One Financial Co. (NYSE:COF) was the recipient of some unusual options trading on Wednesday. Stock traders bought 13,852 call options on the stock. This represents an increase of 52% compared to the average daily volume of 9,098 call options.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Frank G. LapradeIii sold 15,751 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $160.00, for a total value of $2,520,160.00. Following the completion of the transaction, the insider now owns 44,711 shares in the company, valued at $7,153,760. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.30% of the company’s stock.

Institutional Trading of Capital One Financial

Institutional investors have recently modified their holdings of the business. Capital Research Global Investors increased its stake in shares of Capital One Financial by 72.8% in the 1st quarter. Capital Research Global Investors now owns 21,128,089 shares of the financial services provider’s stock valued at $3,145,761,000 after acquiring an additional 8,900,241 shares in the last quarter. Eminence Capital LP bought a new stake in Capital One Financial in the second quarter valued at $127,465,000. Clearbridge Investments LLC raised its holdings in shares of Capital One Financial by 18.8% during the first quarter. Clearbridge Investments LLC now owns 3,473,596 shares of the financial services provider’s stock valued at $517,184,000 after purchasing an additional 549,665 shares during the period. International Assets Investment Management LLC boosted its position in shares of Capital One Financial by 123.4% during the 2nd quarter. International Assets Investment Management LLC now owns 772,961 shares of the financial services provider’s stock worth $107,016,000 after purchasing an additional 427,000 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in Capital One Financial by 1,518.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 412,355 shares of the financial services provider’s stock valued at $61,742,000 after buying an additional 386,870 shares in the last quarter. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Performance

Shares of Capital One Financial stock traded up $20.39 during trading on Wednesday, hitting $186.44. 4,922,529 shares of the stock were exchanged, compared to its average volume of 2,486,787. Capital One Financial has a 1-year low of $102.63 and a 1-year high of $198.30. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $71.13 billion, a price-to-earnings ratio of 18.19, a price-to-earnings-growth ratio of 1.24 and a beta of 1.43. The company has a fifty day moving average price of $150.99 and a 200-day moving average price of $144.10.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, beating the consensus estimate of $3.70 by $0.81. The firm had revenue of $10 billion for the quarter, compared to analysts’ expectations of $9.88 billion. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The business’s revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the firm earned $4.45 EPS. As a group, equities analysts predict that Capital One Financial will post 13.17 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.29%. Capital One Financial’s payout ratio is presently 22.66%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Evercore ISI raised their target price on shares of Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Citigroup began coverage on shares of Capital One Financial in a research note on Friday, September 20th. They issued a “buy” rating and a $190.00 price objective on the stock. Bank of America boosted their price target on Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Robert W. Baird raised 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. Finally, Barclays boosted their target price on shares of Capital One Financial from $154.00 to $158.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Eleven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Capital One Financial presently has an average rating of “Hold” and a consensus target price of $156.35.

About Capital One Financial

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.