TD Asset Management Inc Purchases 6,560 Shares of Capital One Financial Corporation $COF

TD Asset Management Inc increased its position in shares of Capital One Financial Corporation (NYSE:COF) by 2.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 246,641 shares of the financial services provider’s stock after buying an additional 6,560 shares during the period. TD Asset Management Inc’s holdings in Capital One Financial were worth $59,776,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Cibc World Market Inc. grew its holdings in shares of Capital One Financial by 8.7% during the fourth quarter. Cibc World Market Inc. now owns 154,705 shares of the financial services provider’s stock worth $37,494,000 after buying an additional 12,428 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in shares of Capital One Financial by 142.8% during the fourth quarter. Sivia Capital Partners LLC now owns 8,883 shares of the financial services provider’s stock worth $2,153,000 after buying an additional 5,225 shares in the last quarter. Greenspring Advisors LLC grew its holdings in shares of Capital One Financial by 210.2% during the fourth quarter. Greenspring Advisors LLC now owns 6,259 shares of the financial services provider’s stock worth $1,517,000 after buying an additional 4,241 shares in the last quarter. Lido Advisors LLC grew its holdings in shares of Capital One Financial by 1.9% during the fourth quarter. Lido Advisors LLC now owns 28,092 shares of the financial services provider’s stock worth $6,808,000 after buying an additional 531 shares in the last quarter. Finally, Evolution Wealth Management Inc. grew its holdings in shares of Capital One Financial by 529.4% during the fourth quarter. Evolution Wealth Management Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after buying an additional 90 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Capital One Financial

In other news, insider Lia Dean sold 1,692 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $185.61, for a total value of $314,052.12. Following the completion of the sale, the insider directly owned 65,454 shares of the company’s stock, valued at $12,148,916.94. This trade represents a 2.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Celia Karam sold 1,749 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $192.58, for a total value of $336,822.42. Following the completion of the sale, the insider directly owned 61,579 shares of the company’s stock, valued at approximately $11,858,883.82. The trade was a 2.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 8,040 shares of company stock worth $1,498,615 over the last ninety days. 0.78% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. TD Cowen decreased their price objective on Capital One Financial from $290.00 to $260.00 and set a “buy” rating for the company in a report on Tuesday, March 31st. Rothschild & Co Redburn decreased their price objective on Capital One Financial from $290.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Jefferies Financial Group reiterated a “buy” rating and set a $300.00 price objective on shares of Capital One Financial in a report on Monday, March 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Capital One Financial in a report on Friday, March 27th. Finally, Royal Bank Of Canada decreased their price target on Capital One Financial from $275.00 to $235.00 and set a “sector perform” rating for the company in a research note on Friday, April 10th. Seventeen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $258.75.

Capital One Financial Stock Down 1.4%

COF stock opened at $180.58 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.46. The business has a 50 day moving average price of $189.03 and a two-hundred day moving average price of $208.10. The company has a market cap of $112.37 billion, a price-to-earnings ratio of 63.36, a P/E/G ratio of 0.67 and a beta of 1.03. Capital One Financial Corporation has a twelve month low of $174.98 and a twelve month high of $259.64.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share for the quarter, missing analysts’ consensus estimates of $5.08 by ($0.66). The company had revenue of $15.23 billion during the quarter, compared to the consensus estimate of $15.68 billion. Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. The firm’s revenue for the quarter was up 52.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.06 earnings per share. Analysts anticipate that Capital One Financial Corporation will post 19.13 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 19th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Tuesday, May 19th. Capital One Financial’s dividend payout ratio (DPR) is currently 112.28%.

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.