On May 4, 2023 at 10:21:59 ET an unusually large $892.72K block of Put contracts in Capital One Financial (COF) was bought, with a strike price of $85.00 / share, expiring in 134 day(s) (on September 15, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 3.65 sigmas above the mean, placing it in the 99.98th percentile of all recent large trades made in COF options.

This trade was first picked up on Fintel’s real time Options Flow tool, where unusual option trades are highlighted.

What is the Fund Sentiment?

There are 1883 funds or institutions reporting positions in Capital One Financial. This is a decrease of 2 owner(s) or 0.11% in the last quarter. Average portfolio weight of all funds dedicated to COF is 0.34%, a decrease of 4.49%. Total shares owned by institutions decreased in the last three months by 0.37% to 425,205K shares. The put/call ratio of COF is 1.57, indicating a bearish outlook.

Analyst Price Forecast Suggests 31.53% Upside

As of April 24, 2023, the average one-year price target for Capital One Financial is 115.79. The forecasts range from a low of 79.79 to a high of $170.10. The average price target represents an increase of 31.53% from its latest reported closing price of 88.03.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Capital One Financial is 37,170MM, an increase of 37.59%. The projected annual non-GAAP EPS is 16.13.

What are Other Shareholders Doing?

Dodge & Cox holds 35,372K shares representing 9.26% ownership of the company. In it’s prior filing, the firm reported owning 35,832K shares, representing a decrease of 1.30%. The firm decreased its portfolio allocation in COF by 9.89% over the last quarter.

DODGX – Dodge & Cox Stock Fund holds 23,542K shares representing 6.16% ownership of the company. In it’s prior filing, the firm reported owning 23,746K shares, representing a decrease of 0.87%. The firm decreased its portfolio allocation in COF by 10.37% over the last quarter.

Capital World Investors holds 17,143K shares representing 4.49% ownership of the company. No change in the last quarter.

Jpmorgan Chase holds 12,631K shares representing 3.31% ownership of the company. In it’s prior filing, the firm reported owning 13,681K shares, representing a decrease of 8.32%. The firm decreased its portfolio allocation in COF by 14.52% over the last quarter.

Harris Associates L P holds 12,598K shares representing 3.30% ownership of the company. In it’s prior filing, the firm reported owning 7,651K shares, representing an increase of 39.27%. The firm increased its portfolio allocation in COF by 56.28% over the last quarter.

Capital One Financial Background Information
(This description is provided by the company.)

Capital One Financial Corporation is a financial holding company whose subsidiaries, which include Capital One, N.A., and Capital One Bank (USA), N.A., had $305.4 billion in deposits and $421.6 billion in total assets as of December 31, 2020. Headquartered in McLean, Virginia, Capital One offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients through a variety of channels. Capital One, N.A. has branches located primarily in New York, Louisiana, Texas, Maryland, Virginia, New Jersey and the District of Columbia.

See all Capital One Financial regulatory filings.

This article originally appeared on Fintel

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