Investors Buy High Volume of Call Options on Capital One Financial (NYSE:COF)

Capital One Financial Co. (NYSE:COF) saw unusually large options trading on Tuesday. Stock investors purchased 27,311 call options on the stock. This is an increase of approximately 180% compared to the typical daily volume of 9,761 call options.

Capital One Financial Price Performance

COF stock traded up $1.72 on Tuesday, reaching $182.58. 1,553,793 shares of the company’s stock were exchanged, compared to its average volume of 3,998,595. The stock has a fifty day moving average of $191.52 and a 200-day moving average of $176.81. The firm has a market cap of $69.62 billion, a PE ratio of 15.76, a P/E/G ratio of 1.19 and a beta of 1.47. The company has a quick ratio of 0.98, a current ratio of 0.98 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 $210.67.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $0.31. The business had revenue of $10.19 billion during the quarter, compared to the consensus estimate of $10.22 billion. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm posted $2.81 EPS. As a group, equities analysts predict that Capital One Financial will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a dividend of $0.60 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.31%. Capital One Financial’s payout ratio is 20.71%.

Institutional Investors Weigh In On Capital One Financial

Several institutional investors have recently modified their holdings of COF. Bfsg LLC purchased a new stake in Capital One Financial during the fourth quarter worth $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Capital One Financial during the 4th quarter worth $27,000. TruNorth Capital Management LLC purchased a new stake in shares of Capital One Financial in the 4th quarter worth about $29,000. SBI Securities Co. Ltd. acquired a new stake in Capital One Financial in the 4th quarter valued at about $32,000. Finally, Decker Retirement Planning Inc. purchased a new position in Capital One Financial during the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on COF. HSBC raised Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 target price for the company in a report on Tuesday, January 14th. Wells Fargo & Company boosted their price objective on Capital One Financial from $185.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. Robert W. Baird upgraded shares of Capital One Financial from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $190.00 to $200.00 in a research report on Tuesday, March 11th. Baird R W upgraded shares of Capital One Financial from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 11th. Finally, Evercore ISI raised shares of Capital One Financial from an “in-line” rating to an “outperform” rating and set a $200.00 price objective on the stock in a research report on Wednesday, March 12th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $206.63.

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.