Capital One Financial Co. (NYSE:COF) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank reduced its stake in shares of Capital One Financial Co. (NYSE:COF) by 54.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 123,690 shares of the financial services provider’s stock after selling 149,429 shares during the period. Toronto Dominion Bank’s holdings in Capital One Financial were worth $17,125,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in COF. LRI Investments LLC acquired a new stake in Capital One Financial during the 1st quarter worth about $25,000. Silicon Valley Capital Partners purchased a new stake in Capital One Financial in the first quarter valued at approximately $25,000. Y.D. More Investments Ltd acquired a new position in Capital One Financial in the 2nd quarter worth approximately $28,000. Hobbs Group Advisors LLC purchased a new position in Capital One Financial during the 2nd quarter worth approximately $29,000. Finally, Rise Advisors LLC acquired a new stake in Capital One Financial during the 1st quarter valued at approximately $33,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

COF has been the topic of a number of research reports. Evercore ISI cut their price objective on shares of Capital One Financial from $155.00 to $154.00 and set an “in-line” rating on the stock in a research note on Tuesday, June 25th. Bank of America lifted their price objective on Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Royal Bank of Canada restated a “sector perform” rating and issued a $150.00 target price on shares of Capital One Financial in a research note on Thursday, July 25th. Citigroup assumed coverage on Capital One Financial in a report on Friday, September 20th. They issued a “buy” rating and a $190.00 price target for the company. Finally, JPMorgan Chase & Co. raised their price objective on shares of Capital One Financial from $148.00 to $155.00 and gave the stock a “neutral” rating in a research note on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $147.21.

Capital One Financial Price Performance

COF stock opened at $147.78 on Friday. Capital One Financial Co. has a 52-week low of $88.23 and a 52-week high of $154.18. The business has a fifty day moving average of $142.58 and a two-hundred day moving average of $141.14. The stock has a market cap of $56.19 billion, a price-to-earnings ratio of 11.57, a price-to-earnings-growth ratio of 1.21 and a beta of 1.44. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.81.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 EPS for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.14). The company had revenue of $9.51 billion during the quarter, compared to analyst estimates of $9.57 billion. Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company earned $3.52 EPS. As a group, research analysts anticipate that Capital One Financial Co. will post 12.91 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.40 annualized dividend and a dividend yield of 1.62%. Capital One Financial’s dividend payout ratio is currently 18.79%.

Insider Activity

In related news, insider Robert M. Alexander sold 30,742 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the completion of the transaction, the insider now directly owns 73,734 shares in the company, valued at approximately $11,060,100. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Kevin S. Borgmann sold 61,532 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the sale, the chief executive officer now directly owns 40,934 shares of the company’s stock, valued at approximately $5,438,491.24. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robert M. Alexander sold 30,742 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $150.00, for a total transaction of $4,611,300.00. Following the completion of the transaction, the insider now directly owns 73,734 shares of the company’s stock, valued at approximately $11,060,100. The disclosure for this sale can be found here. Insiders own 1.30% 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.