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

Capital One Financial Co. (NYSE:COF) was the recipient of a significant growth in short interest in 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. Currently, 2.6% of the company’s stock are sold short. Based on an average daily volume of 2,320,000 shares, the short-interest ratio is presently 4.3 days.

Insider Activity

In related news, CEO Kevin S. Borgmann sold 61,532 shares of the stock in a transaction on Tuesday, August 6th. The stock was 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 directly owns 40,934 shares in the company, valued at $5,438,491.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Capital One Financial

Several institutional investors and hedge funds have recently made changes to their positions in COF. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Capital One Financial by 1.9% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 44,168 shares of the financial services provider’s stock valued at $6,613,000 after buying an additional 836 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in Capital One Financial by 5.1% during the 3rd quarter. Global Retirement Partners LLC now owns 2,804 shares of the financial services provider’s stock valued at $420,000 after acquiring an additional 136 shares during the period. Patton Fund Management Inc. bought a new position in Capital One Financial during the 3rd quarter worth approximately $3,956,000. nVerses Capital LLC purchased a new position in Capital One Financial in the 3rd quarter worth approximately $90,000. Finally, Culbertson A N & Co. Inc. lifted its position in Capital One Financial by 7.1% in the third quarter. Culbertson A N & Co. Inc. now owns 11,460 shares of the financial services provider’s stock valued at $1,716,000 after purchasing an additional 760 shares during the last quarter. Institutional investors own 89.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Bank of America increased their price objective on shares of Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $150.00 target price on shares of Capital One Financial in a research report on Thursday, July 25th. Barclays boosted their price target on shares of Capital One Financial from $154.00 to $158.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Evercore ISI decreased their price objective on shares of Capital One Financial from $166.00 to $163.00 and set an “in-line” rating for the company in a report on Monday, October 7th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Capital One Financial from $156.00 to $157.00 and gave the stock a “neutral” rating in a research note on Monday, October 7th. Twelve equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $151.56.

Capital One Financial Price Performance

NYSE:COF traded up $1.70 during midday 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 stock’s fifty day moving average price is $144.77 and its 200-day moving average price is $142.21. Capital One Financial has a 52-week low of $88.23 and a 52-week high of $160.45. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $60.74 billion, a PE ratio of 12.51, a P/E/G ratio of 1.22 and a beta of 1.44.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.14). The firm had revenue of $9.51 billion during the quarter, compared to analysts’ expectations of $9.57 billion. Capital One Financial had a return on equity of 9.31% and a net margin of 9.01%. Capital One Financial’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.52 earnings per share. As a group, research analysts expect that Capital One Financial will post 12.87 earnings per share for the current year.

Capital One Financial Announces Dividend

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