Capital One Financial Corporation (NYSE:COF) Shares Sold by TD Asset Management Inc.

TD Asset Management Inc. lowered its position in shares of Capital One Financial Corporation (NYSE:COF) by 17.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 722,902 shares of the financial services provider’s stock after selling 152,995 shares during the period. TD Asset Management Inc. owned 0.15% of Capital One Financial Corporation worth $59,726,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in COF. Quadrant Capital Group LLC raised its stake in shares of Capital One Financial Corporation by 2.5% in the first quarter. Quadrant Capital Group LLC now owns 1,472 shares of the financial services provider’s stock worth $121,000 after buying an additional 36 shares during the last quarter. Guardian Life Insurance Co. of America raised its stake in shares of Capital One Financial Corporation by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 1,860 shares of the financial services provider’s stock worth $161,000 after buying an additional 11 shares during the last quarter. SRS Capital Advisors Inc. raised its stake in shares of Capital One Financial Corporation by 16.6% in the first quarter. SRS Capital Advisors Inc. now owns 2,289 shares of the financial services provider’s stock worth $198,000 after buying an additional 326 shares during the last quarter. Lowe Brockenbrough & Co. Inc. bought a new stake in shares of Capital One Financial Corporation during the first quarter worth $207,000. Finally, Buckingham Asset Management LLC bought a new stake in shares of Capital One Financial Corporation during the first quarter worth $212,000. Institutional investors own 87.71% of the company’s stock.

Shares of Capital One Financial Corporation (COF) opened at 85.15 on Tuesday. The firm’s 50-day moving average is $82.67 and its 200 day moving average is $84.69. Capital One Financial Corporation has a 52-week low of $66.61 and a 52-week high of $96.92. The stock has a market cap of $41.21 billion, a P/E ratio of 12.42 and a beta of 1.20.

Capital One Financial Corporation (NYSE:COF) last released its quarterly earnings data on Thursday, July 20th. The financial services provider reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.06. Capital One Financial Corporation had a net margin of 13.32% and a return on equity of 7.92%. The company had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $6.68 billion. During the same quarter last year, the company earned $1.76 earnings per share. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. Analysts forecast that Capital One Financial Corporation will post $7.53 earnings per share for the current fiscal year.

Capital One Financial Corporation announced that its board has authorized a share repurchase program on Wednesday, June 28th that authorizes the company to buyback $1.85 billion in outstanding shares. This buyback authorization authorizes the financial services provider to buy up to 4.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Monday, August 7th will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, August 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 1.88%. Capital One Financial Corporation’s payout ratio is currently 23.43%.

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A number of equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Capital One Financial Corporation from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Oppenheimer Holdings, Inc. upgraded shares of Capital One Financial Corporation from an “underperform” rating to a “market perform” rating and set a $82.00 price objective for the company in a report on Friday, July 21st. BidaskClub lowered shares of Capital One Financial Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Barclays PLC reiterated an “overweight” rating and set a $105.00 price objective on shares of Capital One Financial Corporation in a report on Saturday, July 22nd. Finally, BMO Capital Markets reiterated a “buy” rating and set a $103.00 price objective on shares of Capital One Financial Corporation in a report on Tuesday, June 20th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $92.90.

In other Capital One Financial Corporation news, CEO Richard D. Fairbank sold 367,419 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $87.02, for a total transaction of $31,972,801.38. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.73% of the stock is currently owned by company insiders.

About Capital One Financial Corporation

Capital One Financial Corporation is a diversified financial services holding company. The Company, along with its subsidiaries, offers a range of financial products and services to consumers, small businesses and commercial clients through branches, the Internet and other distribution channels. The Company’s segments include Credit Card, Consumer Banking, Commercial Banking and Other.

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

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