Capital One Financial Corporation $COF Shares Bought by Truist Financial Corp

Key Points

• Truist Financial boosted its stake in Capital One by 2.5% in the fourth quarter, buying 15,644 shares to hold 640,050 shares (about a 0.10% stake) valued at approximately $155.12 million.
• Capital One reported quarterly EPS of $4.42 and revenue of $15.23 billion, both below analysts' estimates (EPS $5.08; revenue $15.68B) despite revenue rising 52.3% year-over-year; the stock carries a consensus rating of "Moderate Buy" with an average price target of $258.14 after several firms trimmed targets.
• 89.84% of COF is held by institutional investors and hedge funds, with major managers (Capital International, Viking Global, Franklin Resources, Waverton) markedly increasing their positions recently.

Truist Financial Corp boosted its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 2.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 640,050 shares of the financial services provider's stock after buying an additional 15,644 shares during the period. Truist Financial Corp owned approximately 0.10% of Capital One Financial worth $155,122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Capital International Investors increased its holdings in shares of Capital One Financial by 107.9% in the third quarter. Capital International Investors now owns 4,040,408 shares of the financial services provider's stock valued at $859,602,000 after purchasing an additional 2,097,208 shares during the period. Viking Global Investors LP increased its holdings in shares of Capital One Financial by 30.3% in the third quarter. Viking Global Investors LP now owns 7,388,506 shares of the financial services provider's stock valued at $1,570,649,000 after purchasing an additional 1,717,148 shares during the period. Franklin Resources Inc. increased its holdings in shares of Capital One Financial by 12.8% in the third quarter. Franklin Resources Inc. now owns 11,838,304 shares of the financial services provider's stock valued at $2,516,587,000 after purchasing an additional 1,339,215 shares during the period. Waverton Investment Management Ltd increased its holdings in shares of Capital One Financial by 1,390.9% in the third quarter. Waverton Investment Management Ltd now owns 1,181,834 shares of the financial services provider's stock valued at $251,323,000 after purchasing an additional 1,102,563 shares during the period. Finally, Close Asset Management Ltd acquired a new position in shares of Capital One Financial in the third quarter valued at about $233,087,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on COF shares. Truist Financial cut their price objective on Capital One Financial from $275.00 to $255.00 and set a "buy" rating on the stock in a report on Thursday, April 23rd. Wells Fargo & Company cut their price objective on Capital One Financial from $280.00 to $260.00 and set an "overweight" rating on the stock in a report on Thursday, April 9th. JPMorgan Chase & Co. increased their price objective on Capital One Financial from $213.00 to $215.00 and gave the company an "overweight" rating in a report on Wednesday, April 22nd. Argus cut their price objective on Capital One Financial from $260.00 to $250.00 and set a "buy" rating on the stock in a report on Thursday, April 23rd. Finally, Evercore cut their price objective on Capital One Financial from $265.00 to $222.00 and set an "outperform" rating on the stock in a report on Monday, April 6th. Eighteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $258.14.

Capital One Financial Stock Performance

Shares of COF stock opened at $191.87 on Monday. The company has a market capitalization of $119.33 billion, a P/E ratio of 67.32, a P/E/G ratio of 0.70 and a beta of 1.05. The business's 50 day moving average is $190.44 and its two-hundred day moving average is $213.44. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.46. Capital One Financial Corporation has a 12-month low of $174.98 and a 12-month high of $259.64.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.08 by ($0.66). The business had revenue of $15.23 billion for the quarter, compared to analysts' expectations of $15.68 billion. Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.The business's revenue for the quarter was up 52.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.06 EPS. Analysts expect that Capital One Financial Corporation will post 19.17 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders 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 is currently 112.28%.

Insiders Place Their Bets

In other Capital One Financial news, insider Lia Dean sold 3,284 shares of the stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $223.68, for a total transaction of $734,565.12. Following the transaction, the insider owned 70,162 shares in the company, valued at approximately $15,693,836.16. This represents a 4.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Celia Karam sold 1,099 shares of the 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 $11,753,382.03. This represents 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. Over the last ninety days, insiders have sold 47,939 shares of company stock worth $9,282,146. Company insiders own 0.78% of the company's stock.

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.

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