Toronto Dominion Bank Trims Stock Position in Capital One Financial Co. (NYSE:COF)

Toronto Dominion Bank lessened its holdings in Capital One Financial Co. (NYSE:COF) by 20.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 128,884 shares of the financial services provider’s stock after selling 32,943 shares during the period. Toronto Dominion Bank’s holdings in Capital One Financial were worth $22,983,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of COF. Norges Bank purchased a new stake in shares of Capital One Financial in the fourth quarter valued at about $590,279,000. Lone Pine Capital LLC purchased a new stake in shares of Capital One Financial in the fourth quarter valued at about $577,012,000. Egerton Capital UK LLP purchased a new stake in shares of Capital One Financial in the fourth quarter valued at about $279,159,000. FMR LLC lifted its stake in shares of Capital One Financial by 21.6% during the fourth quarter. FMR LLC now owns 8,077,886 shares of the financial services provider’s stock valued at $1,440,449,000 after buying an additional 1,436,935 shares during the period. Finally, Meritage Group LP purchased a new position in shares of Capital One Financial during the fourth quarter valued at approximately $227,662,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on COF. Citigroup reduced their price objective on shares of Capital One Financial from $245.00 to $230.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. Bank of America raised shares of Capital One Financial from a “neutral” rating to a “buy” rating and upped their price objective for the company from $207.00 to $235.00 in a research note on Wednesday, February 19th. Wells Fargo & Company upped their price objective on shares of Capital One Financial from $210.00 to $225.00 and gave the company an “overweight” rating in a research note on Thursday, April 24th. Barclays upped their price objective on shares of Capital One Financial from $219.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Finally, Baird R W raised shares of Capital One Financial from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 11th. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $207.73.

Capital One Financial Price Performance

Capital One Financial stock opened at $197.54 on Monday. Capital One Financial Co. has a 52-week low of $128.23 and a 52-week high of $210.67. The firm has a fifty day moving average of $175.69 and a 200-day moving average of $183.94. The firm has a market capitalization of $75.68 billion, a P/E ratio of 17.04, a PEG ratio of 1.19 and a beta of 1.13. 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 (NYSE:COF) last released its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $10.07 billion. As a group, analysts predict that Capital One Financial Co. will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Friday, May 23rd. Capital One Financial’s payout ratio is currently 20.15%.

Insider Transactions at Capital One Financial

In other news, insider Michael Zamsky sold 9,560 shares of the company’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $199.40, for a total value of $1,906,264.00. Following the completion of the transaction, the insider now directly owns 20,089 shares in the company, valued at approximately $4,005,746.60. This represents a 32.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ann F. Hackett sold 1,658 shares of the company’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $198.70, for a total transaction of $329,444.60. Following the completion of the transaction, the director now owns 56,244 shares of the company’s stock, 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. Company insiders own 1.26% 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.