Capital One Financial Co. (NYSE:COF) was the target of a significant drop in short interest in January. As of January 31, there was short interest totaling 3,780,000 shares, a decrease of 15.1% from the total of 4,450,000 shares as of January 15. Based on an average daily trading volume of 2,850,000 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.9% of the company’s shares are sold short.
In other news, the General Counsel Matthew W. Cooper sold 6,767 shares of the company in a transaction dated Thursday, January 27. The stock was sold at an average price of $146.82, for a total transaction of $993,530.94. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via this link. In the past three months, insiders have sold 6,825 shares of the company valued at $1,002,042. Company insiders hold 1.31% of the company’s shares.
Institutional investors have recently increased or reduced their stake in the company. Symmetry Partners LLC increased its stake in shares of Capital One Financial by 36.1% during the third quarter. Symmetry Partners LLC now owns 15,964 shares of the financial services provider worth $2,693,000 after buying an additional 4,234 shares in the last quarter. DekaBank Deutsche Girozentrale increased its equity stake in Capital One Financial by 8.5% during the third quarter. DekaBank Deutsche Girozentrale now owns 60,531 shares of the financial services provider worth $10,101,000 after buying an additional 4,734 shares in the last quarter. Park Avenue Securities LLC increased its stake in shares of Capital One Financial by 22.7% during the third quarter. Park Avenue Securities LLC now owns 8,512 shares of the financial services provider worth $1,379,000 after purchasing an additional 1,577 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of Capital One Financial by 6.2% during the third quarter. Fifth Third Bancorp now owns 26,437 shares of the financial services provider worth $4,282,000 after buying 1,533 additional shares in the last quarter. Finally, PCJ Investment Counsel Ltd. increased its holding in shares of Capital One Financial by 100.0% during the third quarter. PCJ Investment Counsel Ltd. now owns 30,000 shares of the financial services provider worth $4,859,000 after buying an additional 15,000 shares in the last quarter. Institutional investors and hedge funds own 88.94% of the company’s shares.
Shares of NYSE COF opened at $154.36 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.93 and a debt ratio of 0.69. Capital One Financial has a 12-month low of $115.31 and a 12-month high of $177.95. The stock has a 50-day moving average of $150.53 and a two-hundred-day moving average of $157.20. The stock has a market capitalization of $65.70 billion, a P/E ratio of 5.75, a P/E/G ratio of 0.48 and a beta of 1.59.
Capital One Financial (NYSE:COF) last released its quarterly earnings data on Monday, January 24. The financial services provider reported earnings per share of $5.41 for the quarter, beating the Zacks consensus estimate of $5.16 by $0.25. Capital One Financial had a return on equity of 19.77% and a net margin of 38.68%. The company posted revenue of $8.12 billion in the quarter, versus $7.93 billion expected by analysts. In the same quarter a year earlier, the company had earned earnings per share of $5.29. The company’s revenue for the quarter increased 10.6% year over year. As a group, research analysts predict Capital One Financial will post earnings per share of 20.14 for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 25. Shareholders of record on Monday, February 14 will receive a dividend of $0.60 per share. This represents an annualized dividend of $2.40 and a dividend yield of 1.55%. The ex-dividend date is Friday, February 11. Capital One Financial’s dividend payout ratio (DPR) is currently 8.94%.
A number of brokerages have recently commented on the COF. BMO Capital Markets raised its price target on Capital One Financial from $188.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 27. Goldman Sachs Group downgraded Capital One Financial from a “buy conviction” rating to a “buy” rating in a Thursday, January 6 report. Edward Jones upgraded Capital One Financial from a “hold” rating to a “buy” rating in a Thursday, January 13 report. Credit Suisse Group lowered its price target on Capital One Financial from $190.00 to $185.00 and set an “outperform” rating for the company in a Wednesday, Jan. 26, report. Finally, Morgan Stanley lowered its price target on Capital One Financial from $221.00 to $217.00 and set an “overweight” rating for the company in a Tuesday, Feb. 1 report. Eight equity research analysts gave the stock a hold rating and fourteen gave the company a buy rating. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $183.76.
About Capital One Financial
Capital One Financial Corp. operates as a financial holding company. The company engages in the provision of financial products and services. It operates through the following segments: Credit Cards, Consumer Banking and Business Banking. The credit card segment includes domestic consumer and small business loans, as well as international card lending businesses.
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