Torch Wealth Management Lowers stake in Capital One Financial Corp. (COF)

Capital One Financial Corp. (COF) : Torch Wealth Management reduced its stake in Capital One Financial Corp. by 0.22% during the most recent quarter end. The investment management company now holds a total of 15,655 shares of Capital One Financial Corp. which is valued at $1,112,601 after selling 35 shares in Capital One Financial Corp. , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Capital One Financial Corp. makes up approximately 0.82% of Torch Wealth Management’s portfolio.

Other Hedge Funds, Including , First Premier Bank added COF to its portfolio by purchasing 4,675 company shares during the most recent quarter which is valued at $332,252. Capital One Financial Corp. makes up approx 0.25% of First Premier Bank’s portfolio.Legacy Private Trust reduced its stake in COF by selling 26,092 shares or 63.39% in the most recent quarter. The Hedge Fund company now holds 15,071 shares of COF which is valued at $1,087,523. Capital One Financial Corp. makes up approx 0.15% of Legacy Private Trust’s portfolio.Carroll Financial Associates boosted its stake in COF in the latest quarter, The investment management firm added 175 additional shares and now holds a total of 938 shares of Capital One Financial Corp. which is valued at $68,784. Capital One Financial Corp. makes up approx 0.01% of Carroll Financial Associates’s portfolio.Trust Co Of Oklahoma reduced its stake in COF by selling 181 shares or 0.72% in the most recent quarter. The Hedge Fund company now holds 24,835 shares of COF which is valued at $1,814,197. Capital One Financial Corp. makes up approx 1.01% of Trust Co Of Oklahoma’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in COF in the latest quarter, The investment management firm added 577,845 additional shares and now holds a total of 736,891 shares of Capital One Financial Corp. which is valued at $54,308,867. Capital One Financial Corp. makes up approx 0.22% of Bnp Paribas Arbitrage Sa’s portfolio.

Capital One Financial Corp. closed down -1.17 points or -1.60% at $72.16 with 22,54,743 shares getting traded on Tuesday. Post opening the session at $73.25, the shares hit an intraday low of $71.845 and an intraday high of $73.44 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Capital One Financial Corp. reported $1.84 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on Apr 26, 2016. Analyst had a consensus of $1.91. The company had revenue of $6220.00 million for the quarter, compared to analysts expectations of $6151.16 million. The company’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.00 EPS.

Many Wall Street Analysts have commented on Capital One Financial Corp.. Wedbush Initiated Capital One Financial Corp. on Oct 11, 2016 to “Neutral”, Price Target of the shares are set at $78.

Capital One Financial Corp is a diversified financial services holding company. The Company and its subsidiaries offer a range of financial products and services to consumers small businesses and commercial clients through branches the Internet and other distribution channels. In addition to bank lending treasury management and depository services the Company offers credit and debit card products auto loans and mortgage banking in markets across the United States. The Company operates three primary business segments: Credit Card Consumer Banking and Commercial Banking. The Company’s principal subsidiaries include the following: Capital One Bank (USA) National Association (COBNA) which offers credit and debit card products other lending products and deposit products and Capital One National Association (CONA) which offers a range of banking products and financial services to consumers small businesses and commercial clients.

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