Stock traders buy high volume of put options from Capital One Financial (NYSE:COF)
Capital One Financial Co. (NYSE:COF) was the target of unusually heavy options trading activity on Wednesday. Stock traders bought 51,274 put options on the stock. This represents a 537% increase from the typical daily volume of 8,050 put options.
Capital One Financial Stock down 1.1%
Shares of Capital One Financial traded down $1.09 during Wednesday’s trading, hitting $98.78. The company’s shares had a trading volume of 107,718 shares, compared to its average volume of 2,754,454. The company has a debt ratio of 1.10, a quick ratio of 1.00 and a current ratio of 1.00. The company has a fifty-day simple moving average of $105.35 and a two-hundred-day simple moving average of $115.35. The company has a market capitalization of $37.91 billion, a PE ratio of 4.31, a P/E/G ratio of 0.28 and a beta of 1.42. Capital One Financial has a 52-week low of $90.27 and a 52-week high of $174.65.
Capital One Financial (NYSE:COF – Get Rating) last released quarterly earnings data on Thursday, July 21. The financial services provider reported earnings per share of $4.96 for the quarter, missing analyst consensus estimates of $5.13 per ($0.17). The company posted revenue of $8.23 billion for the quarter, versus a consensus estimate of $8.28 billion. Capital One Financial had a net margin of 29.23% and a return on equity of 17.07%. In the same quarter a year earlier, the company posted earnings per share of $7.71. Equity research analysts expect Capital One Financial to post earnings per share of 20.03 for the current year.
Capital One Financial announces dividend
The company also recently declared a quarterly dividend, which was paid on Friday, August 19. Shareholders of record on Monday August 8 received a dividend of $0.60 per share. This represents a dividend of $2.40 on an annualized basis and a dividend yield of 2.43%. The ex-dividend date was Friday, August 5. Capital One Financial’s payout ratio is currently 10.54%.
Analyst upgrades and downgrades
A number of analysts have weighed in on the stock recently. TheStreet downgraded shares of Capital One Financial from a “b” rating to a “c+” rating in a report on Wednesday, June 29. Deutsche Bank Aktiengesellschaft cut its price target on Capital One Financial shares from $192.00 to $170.00 in a Friday, July 22 report. Keefe, Bruyette & Woods cut their price target on Capital One Financial shares from $200.00 to $171.00 in a Monday, July 11 report. Morgan Stanley lowered its price target on Capital One Financial shares from $126.00 to $121.00 and set an “equal weight” rating on the stock in a Friday, July 22 report. Finally, Piper Sandler lowered her price target on Capital One Financial shares from $125.00 to $110.00 and set a “neutral” rating on the stock in a Monday, September 26 report. One investment analyst has assigned the stock a sell rating, six have issued a hold rating and eleven have assigned the company a buy rating. According to MarketBeat.com, the stock has an average rating of “moderate buy” and an average target price of $155.93.
Insider buying and selling
Separately, insider Mark Daniel Mouadeb sold 600 shares of the company in a trade dated Thursday, September 15. The shares were sold at an average price of $100.94, for a total transaction of $60,564.00. Following the transaction, the insider now directly owns 12,243 shares of the company, valued at $1,235,808.42. The transaction was disclosed in a filing with the SEC, accessible via the SEC’s website. In other Capital One Financial news, CEO Richard D. Fairbank sold 12,538 shares of the company in a trade dated Thursday, July 28. The shares were sold at an average price of $108.50, for a total value of $1,360,373.00. As a result of the transaction, the CEO now directly owns 3,758,863 shares of the company, valued at $407,836,635.50. The transaction was disclosed in a filing with the SEC, accessible via this hyperlink. Additionally, insider Mark Daniel Mouadeb sold 600 shares of the company in a trade dated Thursday, September 15. The shares were sold at an average price of $100.94, for a total transaction of $60,564.00. Following the completion of the transaction, the insider now owns 12,243 shares of the company, valued at $1,235,808.42. The disclosure of this sale can be found here. In the past ninety days, insiders have sold 78,928 shares of the company worth $8,506,721. 1.27% of the shares are held by insiders.
Capital One Financial Institutional Trading
A number of institutional investors have recently changed their positions in the stock. Mackenzie Financial Corp increased its holdings of Capital One Financial shares by 23.5% in the fourth quarter. Mackenzie Financial Corp now owns 244,709 shares of the financial services provider worth $35,505,000 after buying an additional 46,584 shares in the last quarter. Laurel Wealth Advisors Inc. bought a new position in shares of Capital One Financial in the fourth quarter worth approximately $269,000. Johnson Financial Group Inc. increased its holdings of Capital One Financial shares by 2.3% in the fourth quarter. Johnson Financial Group Inc. now owns 5,892 shares of the financial services provider worth $854,000 after buying 130 more shares in the last quarter. Stifel Financial Corp increased its holdings of Capital One Financial shares by 5.1% in the fourth quarter. Stifel Financial Corp now owns 146,918 shares of the financial services provider worth $21,319,000 after buying an additional 7,142 shares in the last quarter. Finally, Sei Investments Co. increased its stake in Capital One Financial by 8.4% during the fourth quarter. Sei Investments Co. now owns 643,133 shares of the financial services provider valued at $93,302,000 after buying an additional 49,966 shares last quarter. Hedge funds and other institutional investors hold 88.44% of the company’s shares.
Capital One Financial Company Profile
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Capital One Financial Corporation operates as the financial services holding company for Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, Canada and the United Kingdom. It operates through three segments: Credit Cards, Consumer Banking and Business Banking.
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