TD Private Client Wealth LLC Raises Holdings in Capital One Financial Corporation $COF

TD Private Client Wealth LLC increased its stake in shares of Capital One Financial Corporation (NYSE:COF) by 1,241.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,400 shares of the financial services provider’s stock after buying an additional 18,879 shares during the period. TD Private Client Wealth LLC’s holdings in Capital One Financial were worth $4,340,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of COF. WPG Advisers LLC acquired a new position in shares of Capital One Financial in the first quarter worth $25,000. Saudi Central Bank purchased a new position in Capital One Financial in the first quarter valued at approximately $27,000. Physician Wealth Advisors Inc. increased its holdings in Capital One Financial by 1,200.0% in the 2nd quarter. Physician Wealth Advisors Inc. now owns 156 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 144 shares in the last quarter. Beacon Capital Management LLC grew its position in Capital One Financial by 118.3% in the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 97 shares in the last quarter. Finally, Family Legacy Financial Solutions LLC purchased a new stake in shares of Capital One Financial during the second quarter worth about $42,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insiders Place Their Bets

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $223.40, for a total value of $446,800.00. Following the completion of the sale, the general counsel directly owned 100,486 shares of the company’s stock, valued at approximately $22,448,572.40. This represents a 1.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert M. Alexander sold 10,114 shares of Capital One Financial stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total value of $2,304,576.04. Following the transaction, the insider directly owned 68,707 shares in the company, valued at approximately $15,655,577.02. This trade represents a 12.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,298 shares of company stock valued at $4,679,844 over the last ninety days. Corporate insiders own 1.26% of the company’s stock.

Capital One Financial Stock Performance

Shares of COF opened at $224.14 on Thursday. The company has a 50-day moving average of $219.08 and a two-hundred day moving average of $198.54. The stock has a market cap of $143.34 billion, a price-to-earnings ratio of 114.95, a PEG ratio of 0.86 and a beta of 1.17. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $232.45.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion during the quarter, compared to analysts’ expectations of $12.72 billion. During the same quarter last year, the company posted $3.14 EPS. The firm’s revenue was up 31.4% compared to the same quarter last year. On average, equities research analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were issued a dividend of $0.60 per share. The ex-dividend date was Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. Capital One Financial’s payout ratio is currently 123.08%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Truist Financial raised their price objective on shares of Capital One Financial from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Citigroup lifted their price objective on shares of Capital One Financial from $250.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Wall Street Zen lowered Capital One Financial from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Royal Bank Of Canada raised their target price on Capital One Financial from $240.00 to $255.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 23rd. Finally, TD Cowen upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and boosted their price target for the stock from $184.00 to $258.00 in a research report on Tuesday, July 8th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $239.44.

Capital One Financial 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.