Truist Financial Corp Sells 2,217 Shares of Capital One Financial Corporation (NYSE:COF)

Truist Financial Corp lowered its stake in Capital One Financial Corporation (NYSE:COF - Free Report) by 1.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 201,564 shares of the financial services provider's stock after selling 2,217 shares during the quarter. Truist Financial Corp owned about 0.05% of Capital One Financial worth $36,140,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Capital One Financial by 18.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider's stock worth $10,010,000 after purchasing an additional 9,374 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its position in shares of Capital One Financial by 105.3% in the first quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider's stock worth $138,000 after purchasing an additional 394 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of Capital One Financial in the fourth quarter worth $91,780,000. Janney Montgomery Scott LLC lifted its position in shares of Capital One Financial by 9.6% in the first quarter. Janney Montgomery Scott LLC now owns 98,617 shares of the financial services provider's stock worth $17,682,000 after purchasing an additional 8,651 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Capital One Financial by 7.1% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 49,459 shares of the financial services provider's stock worth $8,868,000 after purchasing an additional 3,285 shares in the last quarter. Institutional investors own 89.84% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on COF shares. Keefe, Bruyette & Woods boosted their price objective on shares of Capital One Financial from $232.00 to $248.00 and gave the stock an "outperform" rating in a research report on Wednesday. Wells Fargo & Company boosted their price objective on shares of Capital One Financial from $210.00 to $225.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Barclays reissued an "overweight" rating and issued a $253.00 price objective (up previously from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. Evercore ISI raised shares of Capital One Financial from an "in-line" rating to an "outperform" rating and set a $200.00 price target on the stock in a research report on Wednesday, March 12th. Finally, Citigroup dropped their price target on shares of Capital One Financial from $245.00 to $230.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $219.73.

Capital One Financial Price Performance

COF traded up $2.89 on Thursday, hitting $220.92. 2,873,864 shares of the stock were exchanged, compared to its average volume of 4,570,660. Capital One Financial Corporation has a 12 month low of $128.23 and a 12 month high of $221.95. The business has a 50-day moving average of $198.52 and a two-hundred day moving average of $188.43. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.98 and a quick ratio of 0.97. The firm has a market capitalization of $84.64 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 0.91 and a beta of 1.15.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share for the quarter, topping the consensus estimate of $3.75 by $0.31. Capital One Financial had a net margin of 9.65% and a return on equity of 9.63%. The business had revenue of $10 billion during the quarter, compared to analysts' expectations of $10.07 billion. Sell-side analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Friday, May 23rd were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.40 annualized dividend and a yield of 1.09%. Capital One Financial's dividend payout ratio is 20.15%.

Insider Activity

In other news, insider Michael Zamsky sold 9,560 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $199.40, for a total value of $1,906,264.00. Following the completion of the transaction, the insider owned 20,089 shares of the company's stock, valued at approximately $4,005,746.60. This represents a 32.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ann F. Hackett sold 1,658 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $198.70, for a total transaction of $329,444.60. Following the completion of the transaction, the director directly owned 56,244 shares of the company's stock, valued at $11,175,682.80. This trade represents a 2.86% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company's stock.

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.