Some Traders See Unusual Bearish Options Activity in Capital One Financial Corp.

 Some Traders See Unusual Bearish Options Activity in Capital One Financial Corp.

In today’s session Capital One Financial Corp. (COF) recorded an unusually high (2,881) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the March, 2017 put, expecting serious COF decrease. With 2,881 contracts traded and 34634 open interest for the Mar, 17 contract, it seems this is a quite bearish bet. The option with symbol: COF170317P00070000 closed last at: $1.11 or 9.8% down. About 197,268 shares traded hands. Capital One Financial Corp. (NYSE:COF) has risen 11.99% since April 22, 2016 and is uptrending. It has outperformed by 6.58% the S&P500.

Analysts await Capital One Financial Corp. (NYSE:COF) to report earnings on January, 24. They expect $1.63 earnings per share, down 2.40% or $0.04 from last year’s $1.67 per share. COF’s profit will be $805.53M for 12.94 P/E if the $1.63 EPS becomes a reality. After $2.03 actual earnings per share reported by Capital One Financial Corp. for the previous quarter, Wall Street now forecasts -19.70% negative EPS growth.

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

Out of 27 analysts covering Capital One Financial Corp. (NYSE:COF), 13 rate it a “Buy”, 3 “Sell”, while 11 “Hold”. This means 48% are positive. $113 is the highest target while $67 is the lowest. The $83.10 average target is -1.47% below today’s ($84.34) stock price. Capital One Financial Corp. has been the topic of 48 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of Capital One Financial Corp. (NYSE:COF) has “Buy” rating given on Thursday, February 18 by Deutsche Bank. The stock of Capital One Financial Corp. (NYSE:COF) has “Neutral” rating given on Wednesday, January 13 by DA Davidson. The rating was downgraded by Goldman Sachs on Friday, July 24 to “Neutral”. Morgan Stanley upgraded the shares of COF in a report on Thursday, July 30 to “Overweight” rating. Bank of America downgraded the shares of COF in a report on Wednesday, April 27 to “Underperform” rating. On Tuesday, December 22 the stock rating was initiated by Evercore with “Hold”. The stock of Capital One Financial Corp. (NYSE:COF) earned “Outperform” rating by RBC Capital Markets on Thursday, January 14. The firm has “Buy” rating given on Monday, July 27 by CLSA. The rating was downgraded by Guggenheim on Wednesday, April 6 to “Neutral”. The firm earned “Buy” rating on Wednesday, January 27 by Argus Research.

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 0.59 in Q2 2016. Its down 0.17, from 0.76 in 2016Q1. The ratio dived, 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.
Mu Company Ltd holds 0.09% of its portfolio in Capital One Financial Corp. (NYSE:COF) for 2,030 shares. Ladenburg Thalmann Fincl Svcs Inc last reported 0.01% of its portfolio in the stock. Rhumbline Advisers last reported 0.15% of its portfolio in the stock. Advisory Serv Network Ltd Co has 0.12% invested in the company for 8,425 shares. The Alabama-based Zweig has invested 0.02% in Capital One Financial Corp. (NYSE:COF). Ig Management Ltd has invested 0.21% of its portfolio in Capital One Financial Corp. (NYSE:COF). The Pennsylvania-based Hirtle Callaghan & Ltd Liability Corporation has invested 0.01% in Capital One Financial Corp. (NYSE:COF). Kistler holds 0% or 144 shares in its portfolio. Ifrah Financial Ser accumulated 0.1% or 4,091 shares. Polaris Mgmt Ltd holds 1.47% of its portfolio in Capital One Financial Corp. (NYSE:COF) for 266,534 shares. Tocqueville Asset Mngmt L P owns 282,472 shares or 0.23% of their US portfolio. State Of Wisconsin Invest Board holds 562,801 shares or 0.14% of its portfolio. Van Strum And Towne has 1.65% invested in the company for 39,094 shares. Stephens Ar holds 0.05% of its portfolio in Capital One Financial Corp. (NYSE:COF) for 18,385 shares. California Public Employees Retirement Sys accumulated 1.50M shares or 0.15% of the stock.

Insider Transactions: Since October 27, 2016, the stock had 0 insider purchases, and 5 insider sales for $95.81 million net activity. $19.99 million worth of shares were sold by FAIRBANK RICHARD D on Thursday, October 27. 7,086 shares with value of $566,880 were sold by Berson Jory A on Friday, November 11. FINNERAN JOHN G JR also sold $7.16M worth of Capital One Financial Corp. (NYSE:COF) shares.

Capital One Financial Corporation is a financial services holding company. The company has a market cap of $41.68 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 12.02 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 recent Capital One Financial Corp. (NYSE:COF) news were published by: Reuters.com which released: “BRIEF-Capital One Financial Corp says Ryan Schneider will be leaving his r…” on November 25, 2016. Also Forbes.com published the news titled: “Ex-Dividend Reminder: Capital One Financial, Charles Schwab and Kemper” on November 07, 2016. Nasdaq.com‘s news article titled: “Capital One Financial (COF) Shares Cross 2% Yield Mark” with publication date: November 15, 2016 was also an interesting one.

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