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

Capital One Financial Co. (NYSE:COF) was the recipient of some unusual options trading on Tuesday. Stock traders purchased 10,576 put options on the stock. This is an increase of 73% compared to the typical daily volume of 6,131 put options.

Capital One Financial Stock Performance

Shares of COF traded down $4.61 during mid-day trading on Tuesday, reaching $137.99. 7,072,653 shares of the company's stock were exchanged, compared to its average volume of 2,491,121. The business's fifty day simple moving average is $141.60 and its 200-day simple moving average is $140.52. The stock has a market capitalization of $52.69 billion, a PE ratio of 10.32, a price-to-earnings-growth ratio of 1.10 and a beta of 1.44. Capital One Financial has a 52-week low of $88.23 and a 52-week high of $153.35. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.00 and a quick ratio of 1.00.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.28 by ($0.14). Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. The business had revenue of $9.51 billion for the quarter, compared to analysts' expectations of $9.57 billion. During the same period in the previous year, the business posted $3.52 earnings per share. The company's revenue for the quarter was up 5.5% on a year-over-year basis. On average, equities research analysts expect that Capital One Financial will post 13.1 earnings per share for the current year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.40 dividend on an annualized basis and a yield of 1.74%. Capital One Financial's payout ratio is 18.79%.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Robert M. Alexander sold 30,742 shares of Capital One Financial stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the completion of the sale, the insider now owns 73,734 shares of the company's stock, valued at approximately $11,060,100. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Robert M. Alexander sold 30,742 shares of the firm's stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the completion of the transaction, the insider now owns 73,734 shares of the company's stock, valued at $11,060,100. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Kevin S. Borgmann sold 61,532 shares of Capital One Financial stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total value of $8,175,141.52. Following the transaction, the chief executive officer now owns 40,934 shares of the company's stock, valued at $5,438,491.24. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of COF. LRI Investments LLC purchased a new position in Capital One Financial in the 1st quarter valued at $25,000. Silicon Valley Capital Partners purchased a new stake in shares of Capital One Financial in the first quarter valued at about $25,000. Y.D. More Investments Ltd acquired a new position in shares of Capital One Financial during the second quarter worth about $28,000. Hobbs Group Advisors LLC acquired a new position in shares of Capital One Financial during the second quarter worth about $29,000. Finally, Rise Advisors LLC purchased a new position in Capital One Financial during the first quarter worth about $33,000. Institutional investors and hedge funds own 89.84% of the company's stock.

Wall Street Analysts Forecast Growth

COF has been the topic of a number of research reports. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $150.00 price target on shares of Capital One Financial in a research note on Thursday, July 25th. BTIG Research began coverage on Capital One Financial in a research report on Friday, June 7th. They issued a "neutral" rating on the stock. Bank of America boosted their price target on Capital One Financial from $158.00 to $161.00 and gave the stock a "buy" rating in a research report on Wednesday, July 24th. Jefferies Financial Group upgraded Capital One Financial from a "hold" rating to a "buy" rating and raised their price objective for the company from $145.00 to $165.00 in a report on Thursday, June 6th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Capital One Financial from $148.00 to $155.00 and gave the stock a "neutral" rating in a research note on Monday, July 8th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $145.89.

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.