Truist Financial Corp Raises Stock Holdings in Capital One Financial Corporation $COF

Truist Financial Corp grew its position in Capital One Financial Corporation (NYSE:COF) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 640,050 shares of the financial services provider’s stock after acquiring an additional 15,644 shares during the quarter. Truist Financial Corp’s holdings in Capital One Financial were worth $155,122,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in COF. Strive Asset Management LLC purchased a new position in shares of Capital One Financial in the third quarter valued at approximately $28,000. Olistico Wealth LLC purchased a new position in shares of Capital One Financial in the fourth quarter valued at approximately $30,000. WFA of San Diego LLC purchased a new position in shares of Capital One Financial in the second quarter valued at approximately $32,000. Rakuten Securities Inc. lifted its position in shares of Capital One Financial by 550.0% in the fourth quarter. Rakuten Securities Inc. now owns 130 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 110 shares in the last quarter. Finally, Westfuller Advisors LLC lifted its position in shares of Capital One Financial by 661.1% in the fourth quarter. Westfuller Advisors LLC now owns 137 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 119 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insider Buying and Selling

In related news, insider Neal Blinde sold 38,135 shares of Capital One Financial stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $190.51, for a total transaction of $7,265,098.85. Following the transaction, the insider owned 33,551 shares in the company, valued at approximately $6,391,801.01. This trade represents a 53.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Celia Karam sold 1,099 shares of Capital One Financial stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $185.61, for a total value of $203,985.39. Following the transaction, the insider owned 63,323 shares in the company, valued at approximately $11,753,382.03. The trade was a 1.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 47,939 shares of company stock worth $9,282,146. 0.78% of the stock is owned by corporate insiders.

Capital One Financial Stock Performance

Shares of Capital One Financial stock opened at $191.87 on Monday. Capital One Financial Corporation has a one year low of $174.98 and a one year high of $259.64. The company has a market cap of $119.33 billion, a price-to-earnings ratio of 67.32, a PEG ratio of 0.70 and a beta of 1.05. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.03 and a current ratio of 1.03. The business’s 50 day moving average price is $190.44 and its 200 day moving average price is $213.44.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $4.42 EPS for the quarter, missing analysts’ consensus estimates of $5.08 by ($0.66). Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.The company had revenue of $15.23 billion for the quarter, compared to analysts’ expectations of $15.68 billion. During the same quarter in the previous year, the business posted $4.06 EPS. The business’s quarterly revenue was up 52.3% compared to the same quarter last year. On average, research analysts predict that Capital One Financial Corporation will post 19.17 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 19th were given a dividend of $0.80 per share. The ex-dividend date was Thursday, February 19th. This represents a $3.20 dividend on an annualized basis and a yield of 1.7%. Capital One Financial’s dividend payout ratio (DPR) is presently 112.28%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on COF. UBS Group decreased their target price on Capital One Financial from $286.00 to $283.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. BTIG Research restated a “buy” rating and issued a $224.00 target price on shares of Capital One Financial in a research report on Wednesday, April 22nd. Wells Fargo & Company decreased their target price on Capital One Financial from $280.00 to $260.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. The Goldman Sachs Group decreased their target price on Capital One Financial from $300.00 to $260.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. Finally, Truist Financial decreased their target price on Capital One Financial from $275.00 to $255.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Eighteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $258.14.

Capital One Financial Company Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.