Capital One Financial Co. (NYSE:COF) Short Interest Update

Capital One Financial Co. (NYSE:COF) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 9,860,000 shares, a growth of 9.3% from the September 15th total of 9,020,000 shares. Based on an average daily trading volume, of 2,320,000 shares, the days-to-cover ratio is presently 4.3 days. Currently, 2.6% of the shares of the stock are sold short.

Analyst Ratings Changes

COF has been the subject of a number of recent analyst reports. Citigroup started coverage on shares of Capital One Financial in a research report on Friday, September 20th. They issued a “buy” rating and a $190.00 price objective for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $150.00 price objective on shares of Capital One Financial in a research note on Thursday, July 25th. Bank of America raised their price objective on Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. raised their price objective on Capital One Financial from $156.00 to $157.00 and gave the stock a “neutral” rating in a research note on Monday, October 7th. Finally, Evercore ISI dropped their price objective on Capital One Financial from $166.00 to $163.00 and set an “in-line” rating on the stock in a research note on Monday, October 7th. Twelve investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $151.56.

Insider Activity at Capital One Financial

In other news, CEO Kevin S. Borgmann sold 61,532 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the sale, the chief executive officer now directly owns 40,934 shares of the company’s stock, valued at $5,438,491.24. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Capital One Financial

A number of institutional investors have recently made changes to their positions in the company. Capital Research Global Investors raised its position in shares of Capital One Financial by 72.8% in the first quarter. Capital Research Global Investors now owns 21,128,089 shares of the financial services provider’s stock valued at $3,145,761,000 after buying an additional 8,900,241 shares in the last quarter. Eminence Capital LP acquired a new stake in shares of Capital One Financial in the second quarter valued at approximately $127,465,000. Clearbridge Investments LLC raised its position in shares of Capital One Financial by 18.8% in the first quarter. Clearbridge Investments LLC now owns 3,473,596 shares of the financial services provider’s stock valued at $517,184,000 after buying an additional 549,665 shares in the last quarter. International Assets Investment Management LLC raised its position in Capital One Financial by 123.4% during the second quarter. International Assets Investment Management LLC now owns 772,961 shares of the financial services provider’s stock valued at $107,016,000 after purchasing an additional 427,000 shares in the last quarter. Finally, Commerce Bank raised its position in Capital One Financial by 2,119.5% during the first quarter. Commerce Bank now owns 307,842 shares of the financial services provider’s stock valued at $45,835,000 after purchasing an additional 293,972 shares in the last quarter. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Up 1.1 %

Shares of NYSE COF traded up $1.70 during mid-day trading on Thursday, hitting $159.77. The company had a trading volume of 2,771,833 shares, compared to its average volume of 2,443,816. The company has a market capitalization of $60.74 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 1.22 and a beta of 1.44. The firm has a 50-day simple moving average of $144.77 and a two-hundred day simple moving average of $142.21. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.81. Capital One Financial has a one year low of $88.23 and a one year high of $160.45.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $9.57 billion. During the same quarter in the previous year, the business posted $3.52 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, equities analysts expect that Capital One Financial will post 12.87 EPS for the current year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date was Monday, August 12th. Capital One Financial’s dividend payout ratio is presently 18.79%.

Capital One Financial Company Profile

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.