Torch Wealth Management LLC Decreases Stake in Capital One Financial Corp. (NYSE:COF)

Torch Wealth Management LLC reduced its stake in shares of Capital One Financial Corp. (NYSE:COF) by 1.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,705 shares of the financial services provider’s stock after selling 200 shares during the period. Torch Wealth Management LLC’s holdings in Capital One Financial were worth $1,244,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of COF. FMR LLC boosted its position in shares of Capital One Financial by 7.3% during the 1st quarter. FMR LLC now owns 18,589,892 shares of the financial services provider’s stock worth $1,518,608,000 after purchasing an additional 1,259,001 shares in the last quarter. Ceredex Value Advisors LLC boosted its position in shares of Capital One Financial by 104.5% during the 1st quarter. Ceredex Value Advisors LLC now owns 1,005,350 shares of the financial services provider’s stock worth $82,127,000 after purchasing an additional 513,675 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Capital One Financial by 6.3% during the 4th quarter. Geode Capital Management LLC now owns 6,275,759 shares of the financial services provider’s stock worth $473,568,000 after purchasing an additional 370,154 shares in the last quarter. CIBC Private Wealth Group LLC boosted its position in shares of Capital One Financial by 31.6% during the 1st quarter. CIBC Private Wealth Group LLC now owns 1,373,473 shares of the financial services provider’s stock worth $112,198,000 after purchasing an additional 329,936 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Capital One Financial during the 1st quarter worth $25,307,000. Institutional investors own 88.28% of the company’s stock.

In other news, insider Michael J. Wassmer sold 8,212 shares of the company’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $95.03, for a total transaction of $780,386.36. Following the completion of the transaction, the insider now owns 84,679 shares of the company’s stock, valued at approximately $8,047,045.37. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jory A. Berson sold 13,393 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $90.00, for a total transaction of $1,205,370.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,149 shares of company stock valued at $5,053,283. Corporate insiders own 1.43% of the company’s stock.



COF stock traded up $0.27 during trading on Thursday, hitting $83.72. The stock had a trading volume of 1,173,551 shares, compared to its average volume of 3,370,918. The company has a 50 day moving average price of $90.99. Capital One Financial Corp. has a 1-year low of $69.90 and a 1-year high of $101.26. The company has a market capitalization of $40.31 billion, a PE ratio of 7.69, a price-to-earnings-growth ratio of 0.93 and a beta of 1.24. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.00 and a current ratio of 1.00.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Thursday, July 18th. The financial services provider reported $3.37 EPS for the quarter, beating the Zacks’ consensus estimate of $2.84 by $0.53. Capital One Financial had a net margin of 17.50% and a return on equity of 10.68%. The company had revenue of $7.12 billion during the quarter, compared to the consensus estimate of $7.01 billion. During the same quarter in the prior year, the company posted $3.71 EPS. The company’s quarterly revenue was down .9% compared to the same quarter last year. As a group, analysts predict that Capital One Financial Corp. will post 11.49 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Monday, August 5th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Friday, August 2nd. Capital One Financial’s dividend payout ratio is currently 14.71%.

Several equities research analysts have commented on COF shares. Jefferies Financial Group upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and boosted their target price for the stock from $95.00 to $115.00 in a research report on Tuesday, May 14th. Zacks Investment Research lowered shares of Capital One Financial from a “buy” rating to a “hold” rating and set a $103.00 price objective on the stock. in a research report on Thursday, July 25th. Deutsche Bank reiterated a “hold” rating and issued a $98.00 price objective on shares of Capital One Financial in a research report on Monday, July 8th. Morgan Stanley set a $99.00 price objective on shares of Capital One Financial and gave the stock a “hold” rating in a research report on Friday, August 9th. Finally, BMO Capital Markets set a $141.00 price objective on shares of Capital One Financial and gave the stock a “buy” rating in a research report on Friday, July 19th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $105.11.

About Capital One Financial

Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

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

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