1,318 Shares in Capital One Financial Corporation $COF Acquired by Truvestments Capital LLC

Key Points

• Truvestments Capital LLC acquired 1,318 shares of Capital One Financial, valued at approximately $236,000, marking their entry into this investment during the first quarter.
• Several large investors significantly increased their stakes in Capital One Financial, with Silvant Capital Management raising its stake by 1,670.7% to own 7,862 shares worth $1.41 million.
• Capital One Financial announced a quarterly dividend of $0.60 per share, representing a 1.1% dividend yield, with a payout ratio currently at 123.08%.

Truvestments Capital LLC purchased a new stake in Capital One Financial Corporation (NYSE:COF - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,318 shares of the financial services provider's stock, valued at approximately $236,000.

Several other hedge funds have also recently bought and sold shares of the business. TFB Advisors LLC raised its holdings in Capital One Financial by 3.4% in the first quarter. TFB Advisors LLC now owns 1,539 shares of the financial services provider's stock valued at $276,000 after buying an additional 51 shares during the period. Opal Wealth Advisors LLC raised its holdings in Capital One Financial by 3.1% in the first quarter. Opal Wealth Advisors LLC now owns 2,155 shares of the financial services provider's stock valued at $386,000 after buying an additional 64 shares during the period. Y.D. More Investments Ltd raised its holdings in Capital One Financial by 13.9% in the first quarter. Y.D. More Investments Ltd now owns 540 shares of the financial services provider's stock valued at $97,000 after buying an additional 66 shares during the period. Aspiriant LLC raised its holdings in Capital One Financial by 2.4% in the first quarter. Aspiriant LLC now owns 2,911 shares of the financial services provider's stock valued at $522,000 after buying an additional 67 shares during the period. Finally, Citizens National Bank Trust Department raised its holdings in Capital One Financial by 25.7% in the first quarter. Citizens National Bank Trust Department now owns 328 shares of the financial services provider's stock valued at $59,000 after buying an additional 67 shares during the period. Hedge funds and other institutional investors own 89.84% of the company's stock.

Insider Buying and Selling

In related news, CAO Timothy P. Golden sold 3,462 shares of Capital One Financial stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $210.28, for a total value of $727,989.36. Following the transaction, the chief accounting officer owned 8,987 shares of the company's stock, valued at approximately $1,889,786.36. This trade represents a 27.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Robert M. Alexander sold 10,114 shares of the company's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total value 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. This represents a 12.83% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,298 shares of company stock valued at $4,233,044. 1.26% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

COF has been the topic of a number of analyst reports. Wall Street Zen lowered shares of Capital One Financial from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Bank of America raised their price target on shares of Capital One Financial from $223.00 to $233.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Truist Financial lifted their price objective on shares of Capital One Financial from $225.00 to $260.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Redburn Atlantic raised shares of Capital One Financial to a "strong-buy" rating in a report on Friday, August 1st. Finally, Royal Bank Of Canada boosted their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the company a "sector perform" rating in a report on Wednesday, July 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $238.81.

Capital One Financial Price Performance

Capital One Financial stock traded down $3.87 during midday trading on Tuesday, hitting $223.35. The company's stock had a trading volume of 1,783,721 shares, compared to its average volume of 4,358,709. 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 stock's 50-day moving average price is $216.27 and its 200-day moving average price is $195.10. Capital One Financial Corporation has a 12 month low of $131.55 and a 12 month high of $232.45. The company has a market capitalization of $142.84 billion, a PE ratio of 114.47, a price-to-earnings-growth ratio of 0.89 and a beta of 1.17.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS 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. During the same quarter last year, the firm posted $3.14 earnings per share. Capital One Financial's revenue was up 31.4% compared to the same quarter last year. Analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

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

Capital One Financial 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.