Capital One Financial Corp.’s Trend Up, Especially After This Options Activity

 Capital One Financial Corp.'s Trend Up, Especially After This Options Activity

In today’s session Capital One Financial Corp. (COF) registered an unusually high (806) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious COF increase. With 806 contracts traded and 5644 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: COF161021C00070000 closed last at: $2.86 or 6.7% up. About 942,405 shares traded hands. Capital One Financial Corp. (NYSE:COF) has risen 5.24% since March 2, 2016 and is uptrending. It has underperformed by 3.02% the S&P500.

Analysts await Capital One Financial Corp. (NYSE:COF) to report earnings on October, 27. They expect $1.94 earnings per share, down 2.51% or $0.05 from last year’s $1.99 per share. COF’s profit will be $1.00 billion for 9.54 P/E if the $1.94 EPS becomes a reality. After $1.76 actual earnings per share reported by Capital One Financial Corp. for the previous quarter, Wall Street now forecasts 10.23% EPS growth.

Capital One Financial Corp. (NYSE:COF) Ratings Coverage

Out of 24 analysts covering Capital One Financial Corp. (NYSE:COF), 14 rate it a “Buy”, 3 “Sell”, while 7 “Hold”. This means 58% are positive. $113 is the highest target while $67 is the lowest. The $83.61 average target is 12.99% above today’s ($74) stock price. Capital One Financial Corp. has been the topic of 44 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Sandler O’Neill on Wednesday, April 27. The stock of Capital One Financial Corp. (NYSE:COF) earned “Buy” rating by Deutsche Bank on Thursday, August 6. The firm has “Buy” rating given on Thursday, August 13 by Argus Research. The company was maintained on Thursday, January 14 by RBC Capital Markets. The stock of Capital One Financial Corp. (NYSE:COF) has “Neutral” rating given on Wednesday, December 9 by Sterne Agee CRT. As per Monday, July 27, the company rating was upgraded by Credit Agricole. The stock of Capital One Financial Corp. (NYSE:COF) earned “Buy” rating by Deutsche Bank on Thursday, February 18. The stock of Capital One Financial Corp. (NYSE:COF) has “Underperform” rating given on Wednesday, June 8 by Sterne Agee CRT. The rating was maintained by DA Davidson with “Neutral” on Wednesday, January 27. The company was upgraded on Friday, April 1 by JP Morgan.

According to Zacks Investment Research, “Capital One Financial is a holding company whose subsidiaries provide a variety of products and services to consumers using its proprietary information-based strategy. The corporation’s principal subsidiary, Capital One Bank offers credit card products. Capital One Services, Inc., another subsidiary of the corporation, provides various operating, administrative and other services to the corporation and its subsidiaries.”

Insitutional Activity: The institutional sentiment decreased to 0.76 in 2016 Q2. Its down 0.09, from 0.85 in 2016Q1. The ratio turned negative, as 67 funds sold all Capital One Financial Corp. shares owned while 297 reduced positions. 44 funds bought stakes while 231 increased positions. They now own 435.73 million shares or 2.30% less from 446.00 million shares in 2016Q1.
Caisse De Depot Et Placement Du Quebec has 0.02% invested in the company for 125,375 shares. Peddock Cap Advsrs Limited Liability Corp accumulated 0.37% or 9,245 shares. Janus Capital Management Lc reported 309,346 shares or 0.02% of all its holdings. Teachers Advsr last reported 0.09% of its portfolio in the stock. Twin Cap Management holds 0.03% or 6,100 shares in its portfolio. Advisor Ltd holds 0.18% or 8,256 shares in its portfolio. Lba Wealth Mgmt Llc has invested 0.3% of its portfolio in Capital One Financial Corp. (NYSE:COF). Peapack Gladstone Fincl, a New Jersey-based fund reported 4,332 shares. The New York-based Arrow Financial Corporation has invested 0.45% in Capital One Financial Corp. (NYSE:COF). Commercial Bank Of America De last reported 0.04% of its portfolio in the stock. Hennessy Advsr owns 28,000 shares or 0.05% of their US portfolio. First Mercantile Tru has 13,300 shares for 0.11% of their US portfolio. Pinnacle Associates owns 14,357 shares or 0.02% of their US portfolio. Woodstock Corp owns 3,287 shares or 0.04% of their US portfolio. Ameritas Inv Prtn reported 9,965 shares or 0.04% of all its holdings.

Capital One Financial Corporation is a financial services holding company. The company has a market cap of $38.23 billion. The Firm offers a range of financial services and products to consumers, small businesses and commercial clients through branches, the Internet and other distribution channels. It has a 10.46 P/E ratio.

COF Company Profile

Capital One Financial Corporation, incorporated on July 21, 1994, is a diversified financial services holding company. The Company, along with its subsidiaries, offers a range of financial services and products to consumers, small businesses and commercial clients through branches, the Internet and other distribution channels. The Company’s divisions include Credit Card, Consumer Banking, Commercial Banking and Other. The Credit Card segment consists of its domestic consumer and small business card lending, and the international card lending businesses in Canada and the United Kingdom. The Consumer Banking segment consists of its branch lending and deposit gathering activities for clients and small businesses, national deposit gathering, national auto lending and consumer home loan lending and servicing activities. The Commercial Banking consists of its lending, deposit gathering and treasury management services to commercial real estate, and commercial and industrial customers. The Other segment includes management of its corporate investment portfolio and asset/liability management.

More notable recent Capital One Financial Corp. (NYSE:COF) news were published by: Prnewswire.com which released: “Capital One to be exclusive long-term card issuing partner with Leading …” on October 03, 2016, also Prnewswire.com with their article: “Capital One Financial Corporation to Webcast Conference Call on Third Quarter …” published on September 26, 2016, Benzinga.com published: “Implications Of Bass Pro Shops’ Cabela’s Partnership With Capital One” on October 04, 2016. More interesting news about Capital One Financial Corp. (NYSE:COF) were released by: Businesswire.com and their article: “Fitch Affirms Capital One Financial at ‘A-/F1’; Outlook Stable” published on October 04, 2016 as well as Bizjournals.com‘s news article titled: “Capital One, EagleBank gain market share in annual FDIC report” with publication date: September 30, 2016.

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