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

Capital One Financial Co. (NYSE:COF) was the recipient of a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 8,660,000 shares, a drop of 68.9% from the May 15th total of 27,890,000 shares. Approximately 2.3% of the shares of the company are short sold. Based on an average daily volume of 5,430,000 shares, the days-to-cover ratio is currently 1.6 days.

Wall Street Analysts Forecast Growth

COF has been the subject of a number of research analyst reports. Royal Bank of Canada set a $190.00 target price on shares of Capital One Financial and gave the stock a "sector perform" rating in a report on Monday, April 14th. Truist Financial increased their target price on shares of Capital One Financial from $215.00 to $225.00 and gave the stock a "buy" rating in a report on Friday, April 25th. Citigroup cut their price objective on Capital One Financial from $245.00 to $230.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. BTIG Research raised Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 price target on the stock in a research note on Tuesday, March 25th. Finally, Wells Fargo & Company increased their price target on Capital One Financial from $210.00 to $225.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Capital One Financial has an average rating of "Moderate Buy" and a consensus target price of $210.64.

Capital One Financial Price Performance

Shares of COF traded down $5.19 during midday trading on Friday, hitting $192.49. 3,410,815 shares of the company traded hands, compared to its average volume of 3,536,014. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98. Capital One Financial has a one year low of $128.23 and a one year high of $210.67. The firm has a market cap of $73.75 billion, a P/E ratio of 16.61, a PEG ratio of 1.19 and a beta of 1.13. The stock has a 50-day moving average of $183.69 and a 200-day moving average of $185.40.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $4.06 EPS for the quarter, beating the consensus estimate of $3.75 by $0.31. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The firm had revenue of $10 billion for the quarter, compared to analyst estimates of $10.07 billion. As a group, sell-side analysts predict that Capital One Financial will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd were given a $0.60 dividend. The ex-dividend date was Friday, May 23rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.25%. Capital One Financial's dividend payout ratio is currently 20.15%.

Insider Buying and Selling

In other Capital One Financial news, Director Ann F. Hackett sold 1,658 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $198.70, for a total value of $329,444.60. Following the transaction, the director now owns 56,244 shares of the company's stock, valued at approximately $11,175,682.80. This represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Zamsky sold 9,560 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $199.40, for a total transaction of $1,906,264.00. Following the completion of the sale, the insider now owns 20,089 shares of the company's stock, valued at $4,005,746.60. This represents a 32.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Capital One Financial

Hedge funds and other institutional investors have recently modified their holdings of the stock. Modern Wealth Management LLC lifted its position in Capital One Financial by 5.0% during the first quarter. Modern Wealth Management LLC now owns 4,988 shares of the financial services provider's stock valued at $894,000 after buying an additional 238 shares during the period. Strs Ohio purchased a new stake in shares of Capital One Financial in the 1st quarter worth approximately $24,618,000. Advisors Capital Management LLC increased its position in Capital One Financial by 30.5% during the 1st quarter. Advisors Capital Management LLC now owns 1,683 shares of the financial services provider's stock valued at $302,000 after buying an additional 393 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in Capital One Financial by 8.6% during the first quarter. Geneos Wealth Management Inc. now owns 7,803 shares of the financial services provider's stock valued at $1,399,000 after buying an additional 615 shares during the last quarter. Finally, Intech Investment Management LLC grew its stake in shares of Capital One Financial by 44.3% in the first quarter. Intech Investment Management LLC now owns 8,968 shares of the financial services provider's stock worth $1,608,000 after acquiring an additional 2,753 shares during the last quarter. Hedge funds and other institutional investors own 89.84% of the company's stock.

Capital One Financial Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.