Capital One Financial Corp. (NYSE:COF) Short Interest Up 10.4% in July

Capital One Financial Corp. (NYSE:COF) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 5,026,900 shares, a growth of 10.4% from the June 30th total of 4,551,400 shares. Currently, 1.1% of the shares of the stock are short sold. Based on an average daily volume of 2,230,000 shares, the days-to-cover ratio is currently 2.3 days.

Several brokerages recently issued reports on COF. Royal Bank of Canada reissued a “sector perform” rating and set a $98.00 price objective on shares of Capital One Financial in a research note on Friday, May 3rd. Jefferies Financial Group raised shares of Capital One Financial from a “hold” rating to a “buy” rating and upped their price objective for the company from $95.00 to $115.00 in a research note on Tuesday, May 14th. Credit Suisse Group set a $118.00 price objective on shares of Capital One Financial and gave the company a “buy” rating in a research note on Friday, July 19th. ValuEngine downgraded shares of Capital One Financial from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Finally, Deutsche Bank reaffirmed a “hold” rating and set a $98.00 price target on shares of Capital One Financial in a research note on Monday, July 8th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $105.11.

Shares of Capital One Financial stock traded up $0.22 during trading hours on Thursday, hitting $83.67. The company’s stock had a trading volume of 2,060,818 shares, compared to its average volume of 3,370,918. Capital One Financial has a 1-year low of $69.90 and a 1-year high of $101.26. The firm has a fifty day moving average price of $90.99. The firm has a market cap of $40.31 billion, a P/E ratio of 7.69, a PEG ratio of 0.93 and a beta of 1.24. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.88.



Capital One Financial (NYSE:COF) last released its quarterly earnings data on Thursday, July 18th. The financial services provider reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.53. Capital One Financial had a net margin of 17.50% and a return on equity of 10.68%. The company had revenue of $7.12 billion during the quarter, compared to analyst estimates of $7.01 billion. During the same quarter in the prior year, the business earned $3.71 earnings per share. The business’s quarterly revenue was down .9% compared to the same quarter last year. Analysts anticipate that Capital One Financial will post 11.49 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Monday, August 5th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Friday, August 2nd. Capital One Financial’s payout ratio is currently 14.71%.

In other news, Director Bradford H. Warner sold 4,000 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $85.98, for a total value of $343,920.00. Following the sale, the director now directly owns 57,930 shares in the company, valued at $4,980,821.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael J. Wassmer sold 8,212 shares of the company’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $95.03, for a total transaction of $780,386.36. Following the transaction, the insider now directly owns 84,679 shares in the company, valued at approximately $8,047,045.37. The disclosure for this sale can be found here. Insiders sold 55,149 shares of company stock worth $5,053,283 over the last quarter. Company insiders own 1.43% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in COF. Geode Capital Management LLC grew its holdings in Capital One Financial by 6.3% during the fourth quarter. Geode Capital Management LLC now owns 6,275,759 shares of the financial services provider’s stock valued at $473,568,000 after purchasing an additional 370,154 shares during the period. Valeo Financial Advisors LLC grew its holdings in Capital One Financial by 115.2% during the first quarter. Valeo Financial Advisors LLC now owns 566 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 303 shares during the period. Mercer Global Advisors Inc. ADV bought a new stake in Capital One Financial during the first quarter valued at about $491,000. Sciencast Management LP bought a new stake in Capital One Financial during the first quarter valued at about $748,000. Finally, Gemmer Asset Management LLC grew its holdings in Capital One Financial by 43.9% during the first quarter. Gemmer Asset Management LLC now owns 698 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 213 shares during the period. 88.28% of the stock is owned by institutional investors.

Capital One Financial Company Profile

Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

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