Truist Financial Corp Purchases 75,965 Shares of Capital One Financial Corporation $COF

Truist Financial Corp boosted its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 13.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 624,406 shares of the financial services provider’s stock after purchasing an additional 75,965 shares during the period. Truist Financial Corp’s holdings in Capital One Financial were worth $132,736,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. J. Safra Sarasin Holding AG lifted its position in shares of Capital One Financial by 33.0% during the 3rd quarter. J. Safra Sarasin Holding AG now owns 150,428 shares of the financial services provider’s stock worth $31,978,000 after buying an additional 37,335 shares during the last quarter. Paragon Private Wealth Management LLC raised its stake in Capital One Financial by 24.3% during the third quarter. Paragon Private Wealth Management LLC now owns 4,519 shares of the financial services provider’s stock worth $961,000 after acquiring an additional 884 shares in the last quarter. Belpointe Asset Management LLC lifted its holdings in shares of Capital One Financial by 24.2% in the third quarter. Belpointe Asset Management LLC now owns 5,582 shares of the financial services provider’s stock worth $1,187,000 after acquiring an additional 1,089 shares during the last quarter. First Command Advisory Services Inc. lifted its holdings in shares of Capital One Financial by 23.3% in the third quarter. First Command Advisory Services Inc. now owns 1,021 shares of the financial services provider’s stock worth $217,000 after acquiring an additional 193 shares during the last quarter. Finally, Riverwater Partners LLC boosted its stake in shares of Capital One Financial by 6.3% in the 3rd quarter. Riverwater Partners LLC now owns 4,102 shares of the financial services provider’s stock valued at $872,000 after purchasing an additional 243 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Stock Performance

NYSE COF opened at $217.23 on Wednesday. The company has a market capitalization of $138.10 billion, a price-to-earnings ratio of 73.39, a PEG ratio of 0.66 and a beta of 1.13. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.44. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $259.64. The stock has a fifty day simple moving average of $233.94 and a 200 day simple moving average of $223.38.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $3.86 EPS for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.28). The company had revenue of $15.62 billion during the quarter, compared to the consensus estimate of $15.49 billion. Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. The company’s quarterly revenue was up 53.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.67 EPS. Sell-side analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were issued a $0.80 dividend. The ex-dividend date was Monday, November 17th. This is a boost from Capital One Financial’s previous quarterly dividend of $0.60. This represents a $3.20 annualized dividend and a yield of 1.5%. Capital One Financial’s dividend payout ratio (DPR) is currently 108.11%.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, insider Lia Dean sold 3,163 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $244.35, for a total transaction of $772,879.05. Following the completion of the transaction, the insider owned 66,692 shares in the company, valued at approximately $16,296,190.20. This trade represents a 4.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Celia Karam sold 2,064 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $244.35, for a total transaction of $504,338.40. Following the completion of the transaction, the insider owned 61,373 shares in the company, valued at $14,996,492.55. This trade represents a 3.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 195,409 shares of company stock worth $43,756,821. Company insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Wells Fargo & Company increased their price objective on shares of Capital One Financial from $265.00 to $280.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. Citigroup upped their price target on shares of Capital One Financial from $290.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, December 31st. Evercore ISI cut their price objective on Capital One Financial from $290.00 to $265.00 and set an “outperform” rating on the stock in a report on Tuesday. JPMorgan Chase & Co. boosted their price objective on Capital One Financial from $237.00 to $256.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. Finally, Robert W. Baird increased their target price on Capital One Financial from $245.00 to $270.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $274.70.

About Capital One Financial

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.