Capital One Financial Co. (NYSE:COF) Position Reduced by Toronto Dominion Bank

Toronto Dominion Bank trimmed its stake in shares of Capital One Financial Co. (NYSE:COF) by 20.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 128,884 shares of the financial services provider’s stock after selling 32,943 shares during the quarter. Toronto Dominion Bank’s holdings in Capital One Financial were worth $22,983,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Capital One Financial by 4.5% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 46,174 shares of the financial services provider’s stock valued at $8,234,000 after acquiring an additional 2,006 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Capital One Financial by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 8,227,587 shares of the financial services provider’s stock worth $1,467,393,000 after buying an additional 207,427 shares during the last quarter. Westbourne Investments Inc. bought a new position in shares of Capital One Financial in the 4th quarter worth about $410,000. Artemis Investment Management LLP bought a new position in shares of Capital One Financial in the 4th quarter worth about $46,915,000. Finally, Lone Pine Capital LLC bought a new position in shares of Capital One Financial in the 4th quarter worth about $577,012,000. 89.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on COF shares. Evercore ISI upgraded shares of Capital One Financial from an “in-line” rating to an “outperform” rating and set a $200.00 price target on the stock in a research report on Wednesday, March 12th. Baird R W upgraded shares of Capital One Financial from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 11th. JPMorgan Chase & Co. reduced their price target on shares of Capital One Financial from $198.00 to $170.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Bank of America upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and raised their price target for the stock from $207.00 to $235.00 in a research report on Wednesday, February 19th. Finally, Barclays raised their price target on shares of Capital One Financial from $219.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $207.73.

Capital One Financial Stock Up 0.0%

COF stock opened at $197.54 on Monday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.74. Capital One Financial Co. has a fifty-two week low of $128.23 and a fifty-two week high of $210.67. The firm’s 50-day simple moving average is $175.69 and its 200 day simple moving average is $183.94. The stock has a market cap of $75.68 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 1.19 and a beta of 1.13.

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

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.60 per share. The ex-dividend date is Friday, May 23rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.21%. Capital One Financial’s dividend payout ratio (DPR) is 20.15%.

Insiders Place Their Bets

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

About Capital One Financial

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.