Tocqueville Asset Management L.P. Sells 1,632 Shares of Capital One Financial Corporation $COF

Key Points

• Tocqueville Asset Management L.P. has reduced its stake in Capital One Financial by 7.4%, owning 20,396 shares worth approximately $3.66 million after selling 1,632 shares.
• Capital One Financial reported quarterly earnings of $5.48 EPS, significantly surpassing the consensus estimate of $1.93, with revenue reaching $12.49 billion, a 31.4% increase year-over-year.
• The company has announced a quarterly dividend of $0.60 per share, representing a 1.1% dividend yield, with a payout ratio of 123.08%.

Tocqueville Asset Management L.P. cut its position in Capital One Financial Corporation (NYSE:COF - Free Report) by 7.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,396 shares of the financial services provider's stock after selling 1,632 shares during the quarter. Tocqueville Asset Management L.P.'s holdings in Capital One Financial were worth $3,657,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Beacon Capital Management LLC raised its stake in shares of Capital One Financial by 118.3% during the 1st quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 97 shares during the period. Motco lifted its holdings in shares of Capital One Financial by 115.1% in the first quarter. Motco now owns 256 shares of the financial services provider's stock worth $46,000 after buying an additional 137 shares in the last quarter. Bogart Wealth LLC boosted its position in shares of Capital One Financial by 1,518.8% in the first quarter. Bogart Wealth LLC now owns 259 shares of the financial services provider's stock valued at $46,000 after acquiring an additional 243 shares during the period. Rossby Financial LCC purchased a new position in Capital One Financial during the first quarter valued at approximately $48,000. Finally, Bernard Wealth Management Corp. bought a new stake in Capital One Financial during the 1st quarter worth approximately $54,000. Hedge funds and other institutional investors own 89.84% of the company's stock.

Capital One Financial Trading Down 0.0%

NYSE:COF traded down $0.0090 during trading hours on Wednesday, reaching $214.6110. The company's stock had a trading volume of 2,965,846 shares, compared to its average volume of 4,433,929. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $137.25 billion, a price-to-earnings ratio of 110.06, a PEG ratio of 0.84 and a beta of 1.16. The firm has a 50-day simple moving average of $211.78 and a 200-day simple moving average of $193.80. Capital One Financial Corporation has a 1 year low of $131.55 and a 1 year high of $232.45.

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 (EPS) for the quarter, topping the consensus estimate of $1.93 by $3.55. The company had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. During the same quarter in the previous year, the business earned $3.14 earnings per share. Capital One Financial's revenue was up 31.4% compared to the same quarter last year. Research analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

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

Analyst Ratings Changes

COF has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price objective on Capital One Financial from $245.00 to $248.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada upped their target price on Capital One Financial from $240.00 to $255.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 23rd. Rothschild & Co Redburn initiated coverage on Capital One Financial in a research report on Friday, August 1st. They set a "buy" rating and a $290.00 price target for the company. Wall Street Zen cut shares of Capital One Financial from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Wells Fargo & Company raised their target price on shares of Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Capital One Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of $238.81.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 5,515 shares of the firm's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $209.59, for a total value of $1,155,888.85. Following the sale, the insider owned 27,364 shares of the company's stock, valued at $5,735,220.76. This trade represents a 16.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert M. Alexander sold 10,114 shares of the business's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the completion of the transaction, the insider owned 68,707 shares in the company, valued at $15,655,577.02. The trade was a 12.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,298 shares of company stock valued at $4,233,044 in the last quarter. 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.