What’s Capital One Financial Corp. Upside After Today’s Bearish Options Activity?

 What's Capital One Financial Corp. Upside After Today's Bearish Options Activity?

In today’s session Capital One Financial Corp. (COF) recorded an unusually high (1,693) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious COF decrease. With 1,693 contracts traded and 1734 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: COF161021P00071000 closed last at: $0.62 or 36.7% down. About 956,424 shares traded hands. Capital One Financial Corp. (NYSE:COF) has risen 3.55% since March 15, 2016 and is uptrending. It has underperformed by 1.94% 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 $996.94 million for 9.28 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 25 analysts covering Capital One Financial Corp. (NYSE:COF), 13 rate it a “Buy”, 3 “Sell”, while 9 “Hold”. This means 52% are positive. Capital One Financial Corp. has been the topic of 46 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Credit Suisse reinitiated Capital One Financial Corp. (NYSE:COF) on Monday, December 21 with “Neutral” rating. Oppenheimer downgraded the shares of COF in a report on Tuesday, January 5 to “Perform” rating. The firm earned “Hold” rating on Tuesday, December 22 by Evercore. The firm earned “Buy” rating on Friday, September 23 by CLSA. Morgan Stanley upgraded Capital One Financial Corp. (NYSE:COF) on Thursday, July 30 to “Overweight” rating. Sterne Agee CRT initiated Capital One Financial Corp. (NYSE:COF) rating on Wednesday, December 9. Sterne Agee CRT has “Neutral” rating and $86 price target. The stock of Capital One Financial Corp. (NYSE:COF) has “Neutral” rating given on Monday, May 9 by Guggenheim. On Thursday, January 14 the stock rating was maintained by RBC Capital Markets with “Outperform”. The firm has “Buy” rating given on Wednesday, August 12 by UBS. Wells Fargo downgraded the shares of COF in a report on Friday, July 24 to “Market Perform” rating.

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 dropped, 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.
Euclid Advsrs Ltd Liability Com last reported 3,580 shares in the company. Moreover, Palladium Prtn Ltd Llc has 0.05% invested in Capital One Financial Corp. (NYSE:COF) for 7,991 shares. Sound Shore Management Ct has 2.26 million shares for 2.63% of their US portfolio. Moreover, Dreman Value Management L L C has 0.45% invested in Capital One Financial Corp. (NYSE:COF) for 11,352 shares. Rbf Cap Ltd Llc last reported 25,000 shares in the company. Seizert Cap Prns Limited Company holds 0.9% of its portfolio in Capital One Financial Corp. (NYSE:COF) for 372,602 shares. Moreover, Royal Comml Bank Of Canada has 0.03% invested in Capital One Financial Corp. (NYSE:COF) for 726,275 shares. Nikko Asset Mngmt Americas Inc accumulated 8,100 shares or 0.05% of the stock. Brandywine Glob Inv Limited Com, a Pennsylvania-based fund reported 482,556 shares. Investors Cap Advisory has 0.09% invested in the company for 7,010 shares. Nippon Life Ins last reported 0.04% of its portfolio in the stock. Amalgamated National Bank has invested 0.09% of its portfolio in Capital One Financial Corp. (NYSE:COF). Barclays Public Ltd Company owns 1.15 million shares or 0.1% of their US portfolio. Moreover, Pine River Cap Mgmt Limited Partnership has 0.01% invested in Capital One Financial Corp. (NYSE:COF) for 12,314 shares. Stifel Fincl Corporation, a Missouri-based fund reported 39,994 shares.

Capital One Financial Corporation is a financial services holding company. The company has a market cap of $37.00 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 10.18 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 news for Capital One Financial Corp. (NYSE:COF) were recently published by: Prnewswire.com, which released: “Capital One Financial Corporation to Webcast Conference Call on Third Quarter …” on September 26, 2016. Prnewswire.com‘s article titled: “Capital One to be exclusive long-term card issuing partner with Leading …” and published on October 03, 2016 is yet another important article.

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