TD Asset Management Inc. Cuts Stock Holdings in Capital One Financial Corp. (NYSE:COF)

TD Asset Management Inc. lowered its stake in shares of Capital One Financial Corp. (NYSE:COF) by 8.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,291,262 shares of the financial services provider’s stock after selling 125,681 shares during the period. TD Asset Management Inc. owned approximately 0.27% of Capital One Financial worth $117,169,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of COF. FMR LLC raised its stake in Capital One Financial by 7.3% during the first quarter. FMR LLC now owns 18,589,892 shares of the financial services provider’s stock worth $1,518,608,000 after purchasing an additional 1,259,001 shares during the period. Ceredex Value Advisors LLC grew its holdings in Capital One Financial by 104.5% during the 1st quarter. Ceredex Value Advisors LLC now owns 1,005,350 shares of the financial services provider’s stock valued at $82,127,000 after purchasing an additional 513,675 shares in the last quarter. Geode Capital Management LLC grew its holdings in Capital One Financial by 6.3% during the 4th quarter. Geode Capital Management LLC now owns 6,275,759 shares of the financial services provider’s stock valued at $473,568,000 after purchasing an additional 370,154 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in Capital One Financial by 31.6% during the 1st quarter. CIBC Private Wealth Group LLC now owns 1,373,473 shares of the financial services provider’s stock valued at $112,198,000 after purchasing an additional 329,936 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in Capital One Financial during the 1st quarter valued at $25,307,000. 88.28% of the stock is currently owned by institutional investors.

COF stock traded down $3.58 during mid-day trading on Wednesday, hitting $83.63. 156,354 shares of the company were exchanged, compared to its average volume of 2,428,948. The firm has a market cap of $41.08 billion, a P/E ratio of 7.71, a PEG ratio of 0.96 and a beta of 1.24. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.00 and a quick ratio of 1.00. Capital One Financial Corp. has a twelve month low of $69.90 and a twelve month high of $101.26. The stock’s fifty day moving average is $91.09.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Thursday, July 18th. The financial services provider reported $3.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.84 by $0.53. The company had revenue of $7.12 billion during the quarter, compared to analyst estimates of $7.01 billion. Capital One Financial had a net margin of 17.50% and a return on equity of 10.68%. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period last year, the business earned $3.71 EPS. On average, equities research analysts expect that Capital One Financial Corp. will post 11.46 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Monday, August 5th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.91%. The ex-dividend date is Friday, August 2nd. Capital One Financial’s dividend payout ratio is currently 14.71%.

In other news, Director Bradford H. Warner sold 14,500 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $91.74, for a total value of $1,330,230.00. Following the transaction, the director now directly owns 40,621 shares in the company, valued at approximately $3,726,570.54. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Bradford H. Warner sold 4,000 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $85.98, for a total transaction of $343,920.00. Following the completion of the transaction, the director now owns 57,930 shares in the company, valued at $4,980,821.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,149 shares of company stock valued at $5,053,283. 1.43% of the stock is owned by company insiders.

COF has been the subject of a number of recent analyst reports. Credit Suisse Group set a $118.00 price target on shares of Capital One Financial and gave the company a “buy” rating in a report on Friday, July 19th. Morgan Stanley set a $99.00 price target on shares of Capital One Financial and gave the company a “hold” rating in a report on Friday, August 9th. Piper Jaffray Companies set a $111.00 price target on shares of Capital One Financial and gave the company a “buy” rating in a report on Friday, July 19th. Zacks Investment Research lowered shares of Capital One Financial from a “buy” rating to a “hold” rating and set a $103.00 price target for the company. in a report on Thursday, July 25th. Finally, Deutsche Bank reaffirmed a “hold” rating and set a $98.00 price target on shares of Capital One Financial in a report on Monday, July 8th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $105.11.

Capital One Financial Company Profile

Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

Further Reading: Candlestick

Institutional Ownership by Quarter for Capital One Financial (NYSE:COF)

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