Capital One Financial Co. (NYSE:COF) Sees Significant Decrease in Short Interest

Capital One Financial Co. (NYSE:COF) was the target of a significant decline in short interest during the month of June. As of June 15th, there was short interest totalling 9,620,000 shares, a decline of 7.1% from the May 31st total of 10,360,000 shares. Based on an average daily trading volume, of 2,220,000 shares, the short-interest ratio is currently 4.3 days. Approximately 2.6% of the company’s shares are short sold.

Wall Street Analyst Weigh In

COF has been the subject of several research reports. JPMorgan Chase & Co. boosted their price objective on shares of Capital One Financial from $134.00 to $152.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. Wolfe Research upgraded Capital One Financial from a “peer perform” rating to an “outperform” rating and set a $189.00 price target for the company in a research note on Thursday, April 4th. Jefferies Financial Group raised Capital One Financial from a “hold” rating to a “buy” rating and lifted their price objective for the company from $145.00 to $165.00 in a research note on Thursday, June 6th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $159.00 target price on shares of Capital One Financial in a research report on Wednesday, March 27th. Finally, Wells Fargo & Company raised their price target on shares of Capital One Financial from $160.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $141.20.

Insider Activity

In other Capital One Financial news, insider Celia Karam sold 16,913 shares of Capital One Financial stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $142.88, for a total value of $2,416,529.44. Following the completion of the sale, the insider now directly owns 47,081 shares of the company’s stock, valued at approximately $6,726,933.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Capital One Financial news, insider Celia Karam sold 16,913 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $142.88, for a total value of $2,416,529.44. Following the sale, the insider now directly owns 47,081 shares of the company’s stock, valued at approximately $6,726,933.28. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Timothy P. Golden sold 8,656 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $144.04, for a total transaction of $1,246,810.24. Following the transaction, the insider now directly owns 10,246 shares of the company’s stock, valued at approximately $1,475,833.84. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Capital One Financial

Hedge funds have recently added to or reduced their stakes in the business. Marcum Wealth LLC lifted its position in shares of Capital One Financial by 3.6% in the 2nd quarter. Marcum Wealth LLC now owns 2,295 shares of the financial services provider’s stock worth $318,000 after buying an additional 79 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in Capital One Financial by 1.9% in the second quarter. Massmutual Trust Co. FSB ADV now owns 9,333 shares of the financial services provider’s stock worth $1,292,000 after acquiring an additional 173 shares during the last quarter. Transcend Capital Advisors LLC grew its holdings in shares of Capital One Financial by 2.1% during the second quarter. Transcend Capital Advisors LLC now owns 12,784 shares of the financial services provider’s stock valued at $1,770,000 after purchasing an additional 265 shares during the last quarter. IMS Capital Management acquired a new stake in shares of Capital One Financial during the 1st quarter worth approximately $228,000. Finally, DekaBank Deutsche Girozentrale lifted its holdings in shares of Capital One Financial by 3.2% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 84,057 shares of the financial services provider’s stock worth $12,076,000 after purchasing an additional 2,634 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Stock Down 1.4 %

COF stock traded down $1.99 during midday trading on Wednesday, hitting $138.49. 1,805,381 shares of the company’s stock were exchanged, compared to its average volume of 2,519,649. The firm has a 50 day moving average price of $139.51 and a 200-day moving average price of $137.34. Capital One Financial has a 12-month low of $88.23 and a 12-month high of $149.94. The stock has a market capitalization of $52.65 billion, a price-to-earnings ratio of 10.87, a price-to-earnings-growth ratio of 1.09 and a beta of 1.46. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.86.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Thursday, April 25th. The financial services provider reported $3.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.25 by ($0.04). Capital One Financial had a return on equity of 9.74% and a net margin of 10.19%. The company had revenue of $9.40 billion during the quarter, compared to the consensus estimate of $9.35 billion. During the same quarter last year, the firm posted $2.31 EPS. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. On average, analysts anticipate that Capital One Financial will post 13.31 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Monday, May 13th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.73%. The ex-dividend date was Friday, May 10th. Capital One Financial’s dividend payout ratio is currently 18.79%.

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.