Truist Financial Corp Reduces Stake in Capital One Financial Corporation (NYSE:COF)

Truist Financial Corp cut its position in Capital One Financial Corporation (NYSE:COF - Free Report) by 1.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 201,564 shares of the financial services provider's stock after selling 2,217 shares during the quarter. Truist Financial Corp owned 0.05% of Capital One Financial worth $36,140,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in COF. SBI Securities Co. Ltd. bought a new position in shares of Capital One Financial in the 4th quarter worth about $32,000. Beacon Capital Management LLC grew its stake in shares of Capital One Financial by 118.3% in the 1st quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock worth $32,000 after purchasing an additional 97 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in shares of Capital One Financial in the 4th quarter worth approximately $41,000. Rossby Financial LCC acquired a new position in shares of Capital One Financial in the 1st quarter worth approximately $48,000. Finally, Bernard Wealth Management Corp. purchased a new position in shares of Capital One Financial in the first quarter worth approximately $54,000. 89.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Capital One Financial news, insider Michael Zamsky sold 9,560 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $199.40, for a total transaction of $1,906,264.00. Following the completion of the sale, the insider owned 20,089 shares of the company's stock, valued at $4,005,746.60. This trade represents a 32.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ann F. Hackett sold 1,658 shares of Capital One Financial stock in a transaction on Monday, May 12th. The stock was sold at an average price of $198.70, for a total value of $329,444.60. Following the sale, the director directly owned 56,244 shares of the company's stock, valued at $11,175,682.80. This represents a 2.86% decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by corporate insiders.

Capital One Financial Price Performance

Shares of COF traded down $0.48 during trading hours on Tuesday, hitting $217.65. The stock had a trading volume of 2,987,935 shares, compared to its average volume of 3,606,055. The company's fifty day moving average is $197.07 and its two-hundred day moving average is $188.01. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.98 and a quick ratio of 0.97. Capital One Financial Corporation has a 52 week low of $128.23 and a 52 week high of $221.95. The stock has a market capitalization of $83.39 billion, a price-to-earnings ratio of 18.27, a P/E/G ratio of 0.93 and a beta of 1.15.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 EPS for the quarter, beating analysts' consensus estimates of $3.75 by $0.31. Capital One Financial had a return on equity of 9.63% and a net margin of 9.65%. The company had revenue of $10 billion during the quarter, compared to analysts' expectations of $10.07 billion. On average, analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Friday, May 23rd were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.40 dividend on an annualized basis and a yield of 1.10%. Capital One Financial's payout ratio is 20.15%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Royal Bank Of Canada set a $190.00 target price on shares of Capital One Financial and gave the stock a "sector perform" rating in a research report on Monday, April 14th. BTIG Research raised shares of Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 price objective on the stock in a research report on Tuesday, March 25th. JPMorgan Chase & Co. boosted their price objective on shares of Capital One Financial from $183.00 to $210.00 and gave the company a "neutral" rating in a research report on Thursday, June 26th. Robert W. Baird raised shares of Capital One Financial from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $190.00 to $200.00 in a research report on Tuesday, March 11th. Finally, Wells Fargo & Company boosted their price objective on shares of Capital One Financial from $210.00 to $225.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Four research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Capital One Financial has a consensus rating of "Moderate Buy" and a consensus target price of $218.67.

About Capital One Financial

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.