Capital One Financial Corporation $COF Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. cut its stake in Capital One Financial Corporation (NYSE:COF) by 36.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,691 shares of the financial services provider’s stock after selling 9,529 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Capital One Financial were worth $3,421,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of COF. Brighton Jones LLC lifted its position in Capital One Financial by 330.1% during the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock worth $2,423,000 after acquiring an additional 10,428 shares in the last quarter. Intech Investment Management LLC boosted its holdings in Capital One Financial by 44.3% in the 1st 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 period. Sivia Capital Partners LLC grew its position in Capital One Financial by 118.3% in the second quarter. Sivia Capital Partners LLC now owns 3,300 shares of the financial services provider’s stock valued at $702,000 after acquiring an additional 1,788 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in Capital One Financial in the second quarter valued at approximately $218,000. Finally, Jump Financial LLC purchased a new stake in shares of Capital One Financial during the second quarter valued at approximately $1,086,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insiders Place Their Bets

In related news, insider Lia Dean sold 2,193 shares of Capital One Financial stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $225.52, for a total value of $494,565.36. Following the completion of the transaction, the insider directly owned 63,261 shares in the company, valued at approximately $14,266,620.72. This trade represents a 3.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ravi Raghu sold 9,726 shares of the business’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $209.78, for a total value of $2,040,320.28. Following the completion of the sale, the insider directly owned 26,328 shares of the company’s stock, valued at approximately $5,523,087.84. This represents a 26.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 29,767 shares of company stock worth $6,366,998. Company insiders own 0.78% of the company’s stock.

Capital One Financial Stock Down 0.1%

Shares of NYSE:COF opened at $219.43 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.39. The company has a fifty day simple moving average of $212.15 and a 200 day simple moving average of $198.09. The firm has a market cap of $134.62 billion, a PE ratio of 13.58, a price-to-earnings-growth ratio of 0.81 and a beta of 1.02. Capital One Financial Corporation has a 12-month low of $174.24 and a 12-month high of $259.64.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $5.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.79 by $1.02. Capital One Financial had a net margin of 13.37% and a return on equity of 11.28%. The firm had revenue of $15.83 billion for the quarter, compared to analysts’ expectations of $15.76 billion. During the same period in the prior year, the company posted $5.48 earnings per share. The firm’s quarterly revenue was up 26.9% on a year-over-year basis. On average, equities research analysts anticipate that Capital One Financial Corporation will post 20.29 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Monday, August 17th. Capital One Financial’s dividend payout ratio is 19.80%.

Analysts Set New Price Targets

COF has been the topic of a number of recent research reports. Barclays reduced their target price on shares of Capital One Financial from $242.00 to $240.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. UBS Group lifted their price target on shares of Capital One Financial from $275.00 to $280.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Piper Sandler assumed coverage on shares of Capital One Financial in a report on Monday, June 29th. They issued an “overweight” rating and a $254.00 price objective on the stock. Citigroup decreased their price objective on shares of Capital One Financial from $310.00 to $295.00 and set a “buy” rating for the company in a research report on Tuesday, July 28th. Finally, HSBC upgraded Capital One Financial from a “hold” rating to a “buy” rating and raised their target price for the company from $226.00 to $229.00 in a research note on Sunday, July 12th. Twenty-one analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $258.91.

Capital One Financial Company Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.