Sendero Wealth Management LLC Buys 3,338 Shares of Capital One Financial Corporation $COF

Sendero Wealth Management LLC raised its position in Capital One Financial Corporation (NYSE:COF) by 7.4% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 48,713 shares of the financial services provider's stock after buying an additional 3,338 shares during the period. Capital One Financial comprises approximately 1.3% of Sendero Wealth Management LLC's holdings, making the stock its 13th largest holding. Sendero Wealth Management LLC's holdings in Capital One Financial were worth $10,364,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC boosted its stake in shares of Capital One Financial by 588,668.3% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider's stock valued at $24,988,129,000 after purchasing an additional 117,427,549 shares during the last quarter. Diamond Hill Capital Management Inc. acquired a new position in Capital One Financial in the first quarter valued at approximately $381,848,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Capital One Financial by 45.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,677,128 shares of the financial services provider's stock valued at $838,609,000 after buying an additional 1,454,595 shares during the period. Bank of New York Mellon Corp boosted its stake in Capital One Financial by 23.7% in the first quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider's stock valued at $889,519,000 after acquiring an additional 950,415 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in Capital One Financial during the 1st quarter worth $141,599,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Price Performance

Shares of COF opened at $214.39 on Monday. The stock has a 50 day simple moving average of $219.30 and a 200 day simple moving average of $201.35. Capital One Financial Corporation has a 52-week low of $143.22 and a 52-week high of $232.45. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $137.10 billion, a PE ratio of 109.94, a P/E/G ratio of 0.79 and a beta of 1.18.

Capital One Financial (NYSE:COF - Get Free Report) last announced its 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 company had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. The business's quarterly revenue was up 31.4% on a year-over-year basis. During the same quarter last year, the business posted $3.14 earnings per share. Sell-side analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial's payout ratio is currently 123.08%.

Insider Activity at Capital One Financial

In other news, insider Robert M. Alexander sold 10,114 shares of the business's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total value of $2,304,576.04. Following the sale, the insider directly owned 68,707 shares in the company, valued at $15,655,577.02. The trade was a 12.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael Zamsky sold 5,515 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $209.59, for a total value of $1,155,888.85. Following the transaction, the insider owned 27,364 shares of the company's stock, valued at approximately $5,735,220.76. The trade was a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,298 shares of company stock valued at $5,103,824 in the last quarter. 1.26% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

COF has been the topic of a number of analyst reports. Morgan Stanley increased their price target on Capital One Financial from $261.00 to $267.00 and gave the company an "overweight" rating in a research note on Monday, September 29th. Weiss Ratings reissued a "hold (c-)" rating on shares of Capital One Financial in a research note on Saturday, September 27th. Barclays restated an "overweight" rating and set a $253.00 target price (up previously from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. Wells Fargo & Company upped their price target on Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Finally, Redburn Atlantic raised shares of Capital One Financial to a "strong-buy" rating in a research note on Friday, August 1st. Three research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $249.06.

Capital One Financial Company 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.

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