Traders buy large volume of put options on Capital One Financial (NYSE:COF)

Capital One Financial Co. (NYSE:COF) was the recipient of unusually heavy options trading activity on Friday. Investors bought 39,372 put options on the company. This represents a 415% increase from the typical volume of 7,646 put options.

Capital One Financial is trading down 1.1%

Shares of NYSE:COF traded down $1.09 during Friday trading, hitting $101.68. The company’s shares had a trading volume of 5,531,903 shares, compared to its average volume of 2,795,420. The company has a current ratio of 1.00, a quick ratio of 1.00 and a leverage of 1.10. Capital One Financial has a 12-month low of $98.53 and a 12-month high of $174.65. The company’s 50-day simple moving average is $108.65 and its two-hundred-day simple moving average is $119.05. The stock has a market capitalization of $39.03 billion, a PE ratio of 4.44, a growth price-earnings ratio of 0.29 and a beta of 1.42.

Capital One Financial (NYSE: COF – Get a rating) last announced its quarterly results on Thursday, July 21. The financial services provider reported EPS of $4.96 for the quarter, missing analyst consensus estimates of $5.11 per ($0.15). 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. On average, research analysts predict Capital One Financial will post an EPS of 20.07 for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 19. Investors of record on Monday August 8 received a dividend of $0.60. This represents a dividend of $2.40 on an annualized basis and a dividend yield of 2.36%. The ex-dividend date was Friday August 5th. Capital One Financial’s payout ratio is 10.54%.

Wall Street analysts predict growth

A number of stock analysts have recently released reports on COF shares. Keefe, Bruyette & Woods lowered their price target on Capital One Financial shares by $200.00 to $171.00 in a Monday, July 11 report. Barclays lowered its price target on Capital One Financial shares from $207.00 to $170.00 and set an “overweight” rating on the stock in a Friday, July 22 report. Oppenheimer downgraded Capital One Financial shares from an “outperforming” rating to a “market performing” rating in a Tuesday, July 12 report. Citigroup lowered its price target on Capital One Financial shares from $162.00 to $157.00 and set a “buy” rating on the stock in a Monday, July 25 report. Finally, Wells Fargo & Company lowered its price target on Capital One Financial shares from $160.00 to $130.00 and set an “overweight” rating on the stock in a Wednesday, July 13 report. One equity research analyst gave the stock a sell rating, six issued a hold rating and eleven gave the company a buy rating. According to MarketBeat.com, Capital One Financial currently has an average rating of “Moderate Buy” and an average target price of $156.93.

Insider Trading at Capital One Financial

In related news, insider Kara West sold 2,778 shares of the company in a trade that took place on Friday, July 29. The shares were sold at an average price of $109.67, for a total value of $304,663.26. Following the transaction, the insider now owns 8,344 shares of the company, valued at $915,086.48. The transaction was disclosed in a legal filing with the SEC, accessible via this link. In related news, insider Kara West sold 2,778 shares of the company in a trade that took place on Friday, July 29. The shares were sold at an average price of $109.67, for a total value of $304,663.26. Following the transaction, the insider now owns 8,344 shares of the company, valued at $915,086.48. The transaction was disclosed in a legal filing with the SEC, accessible via this link. Additionally, insider Timothy P. Golden sold 322 shares of the company in a trade that took place on Monday, August 29. The stock was sold at an average price of $108.85, for a total transaction of $35,049.70. Following the completion of the transaction, the insider now directly owns 11,392 shares of the company, valued at approximately $1,240,019.20. Disclosure of this sale can be found here. Insiders have sold 78,328 shares of the company worth $8,446,157 over the past three months. 1.27% of the shares are currently held by insiders of the company.

Institutional entries and exits

A number of institutional investors have recently changed their positions in COF. Dynamic Advisor Solutions LLC increased its stake in Capital One Financial by 10.5% in the first quarter. Dynamic Advisor Solutions LLC now owns 5,586 shares of the financial services provider worth $733,000 after purchasing an additional 531 shares in the last quarter. Ellevest Inc. increased its stake in Capital One Financial by 25.1% in the first quarter. Ellevest Inc. now owns 2,618 shares of the financial services provider worth $344,000 after buying an additional 526 shares in the last quarter. DA Davidson & CO. increased its stake in Capital One Financial by 9.6% in the first quarter. DA Davidson & CO. now owns 39,577 shares of the financial services provider worth $5,196,000 after purchasing an additional 3,455 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Capital One Financial by 21.1% during the first quarter. American Century Companies Inc. now owns 57,409 shares of the financial services provider valued at $7,538,000 after acquiring 9,984 additional shares last quarter. Finally, SkyView Investment Advisors LLC increased its holding in shares of Capital One Financial by 213.7% during the fourth quarter. SkyView Investment Advisors LLC now owns 13,775 shares of the financial services provider valued at $592,000 after acquiring 9,384 additional shares in the last quarter. Institutional investors hold 88.44% of the company’s shares.

About Capital One Financial

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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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