Baker Tilly Wealth Management LLC Sells 1,467 Shares of Capital One Financial Corporation $COF

Key Points

• Baker Tilly Wealth Management LLC sold 1,467 shares of Capital One Financial, reducing its position by 29.9%, leaving them with a total of 3,444 shares valued at approximately $733,000.
• Capital One Financial recently reported earnings of $5.48 per share for the quarter, significantly higher than the consensus estimate of $1.93, while the revenue of $12.49 billion was slightly below analyst expectations.
• The company announced a quarterly dividend of $0.60 per share, representing an annual yield of 1.1%, despite having a dividend payout ratio of 123.08%.

Baker Tilly Wealth Management LLC cut its holdings in Capital One Financial Corporation (NYSE:COF - Free Report) by 29.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 3,444 shares of the financial services provider's stock after selling 1,467 shares during the period. Baker Tilly Wealth Management LLC's holdings in Capital One Financial were worth $733,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of COF. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Capital One Financial by 18.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider's stock worth $10,010,000 after acquiring an additional 9,374 shares during the last quarter. Creative Financial Designs Inc. ADV increased its stake in Capital One Financial by 105.3% in the first quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider's stock valued at $138,000 after acquiring an additional 394 shares during the period. Private Advisor Group LLC grew its stake in Capital One Financial by 15.3% during the first quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider's stock worth $1,776,000 after buying an additional 1,312 shares during the last quarter. Mutual Advisors LLC acquired a new position in Capital One Financial in the first quarter valued at approximately $215,000. Finally, Lansforsakringar Fondforvaltning AB publ bought a new position in Capital One Financial in the fourth quarter valued at $91,780,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Capital One Financial Price Performance

COF stock traded down $1.61 during midday trading on Friday, hitting $228.13. The company's stock had a trading volume of 4,825,233 shares, compared to its average volume of 2,808,706. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $232.45. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $145.89 billion, a price-to-earnings ratio of 116.99, a price-to-earnings-growth ratio of 0.88 and a beta of 1.17. The company has a 50 day moving average of $218.68 and a two-hundred day moving average of $197.67.

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

Capital One Financial Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on COF. Redburn Atlantic raised shares of Capital One Financial to a "strong-buy" rating in a report on Friday, August 1st. TD Cowen upgraded shares of Capital One Financial from a "hold" rating to a "buy" rating and raised their price objective for the stock from $184.00 to $258.00 in a report on Tuesday, July 8th. Keefe, Bruyette & Woods raised their price objective on shares of Capital One Financial from $248.00 to $260.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. Wells Fargo & Company lifted their target price on shares of Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Capital One Financial has an average rating of "Moderate Buy" and a consensus price target of $239.44.

Insiders Place Their Bets

In related news, General Counsel Matthew W. Cooper sold 2,000 shares of Capital One Financial stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $223.40, for a total transaction of $446,800.00. Following the completion of the sale, the general counsel owned 100,486 shares of the company's stock, valued at $22,448,572.40. The trade was a 1.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robert M. Alexander sold 10,114 shares of the business's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total value of $2,304,576.04. Following the sale, the insider owned 68,707 shares of the company's stock, valued at $15,655,577.02. The trade was a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,298 shares of company stock worth $4,679,844 over the last ninety days. Insiders own 1.26% of the company's stock.

About Capital One Financial

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.