Truist Financial Corp Sells 232,649 Shares of Capital One Financial Co. (NYSE:COF)

Truist Financial Corp reduced its stake in Capital One Financial Co. (NYSE:COF - Free Report) by 46.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 264,183 shares of the financial services provider's stock after selling 232,649 shares during the quarter. Truist Financial Corp owned 0.07% of Capital One Financial worth $34,640,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pzena Investment Management LLC lifted its holdings in shares of Capital One Financial by 8.3% in the third quarter. Pzena Investment Management LLC now owns 7,626,988 shares of the financial services provider's stock valued at $740,199,000 after purchasing an additional 585,797 shares in the last quarter. Wellington Management Group LLP boosted its position in Capital One Financial by 37.7% during the 3rd quarter. Wellington Management Group LLP now owns 1,184,671 shares of the financial services provider's stock worth $114,972,000 after acquiring an additional 324,095 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Capital One Financial by 28.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,011,849 shares of the financial services provider's stock worth $98,200,000 after acquiring an additional 223,980 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Capital One Financial by 1,058.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 202,881 shares of the financial services provider's stock worth $26,602,000 after acquiring an additional 185,370 shares in the last quarter. Finally, Mackenzie Financial Corp raised its holdings in shares of Capital One Financial by 131.2% in the fourth quarter. Mackenzie Financial Corp now owns 314,989 shares of the financial services provider's stock valued at $41,301,000 after purchasing an additional 178,729 shares during the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Stock Performance

Shares of NYSE COF traded down $0.71 during mid-day trading on Monday, reaching $145.50. 2,157,687 shares of the company were exchanged, compared to its average volume of 2,723,496. The stock has a market capitalization of $55.35 billion, a P/E ratio of 11.39, a P/E/G ratio of 1.05 and a beta of 1.48. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.86. The company's 50-day simple moving average is $140.63 and its 200-day simple moving average is $126.69. Capital One Financial Co. has a twelve month low of $83.93 and a twelve month high of $149.94.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The financial services provider reported $3.21 earnings per share for the quarter, missing the consensus estimate of $3.25 by ($0.04). Capital One Financial had a net margin of 10.19% and a return on equity of 9.74%. The company had revenue of $9.40 billion during the quarter, compared to the consensus estimate of $9.35 billion. During the same period in the prior year, the company earned $2.31 earnings per share. The firm's revenue was up 5.6% compared to the same quarter last year. As a group, research analysts predict that Capital One Financial Co. will post 13.78 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 12th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $2.40 annualized dividend and a yield of 1.65%. Capital One Financial's payout ratio is currently 18.79%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on COF. Piper Sandler raised their target price on shares of Capital One Financial from $126.00 to $142.00 and gave the company a "neutral" rating in a research report on Friday, February 23rd. UBS Group raised their price objective on Capital One Financial from $132.00 to $140.00 and gave the company a "neutral" rating in a report on Thursday, February 29th. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $159.00 target price on shares of Capital One Financial in a report on Wednesday, March 27th. Evercore ISI increased their price target on Capital One Financial from $142.00 to $155.00 and gave the company an "in-line" rating in a research report on Thursday, March 28th. Finally, Wolfe Research raised Capital One Financial from a "peer perform" rating to an "outperform" rating and set a $189.00 price target on the stock in a research report on Thursday, April 4th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $138.50.

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.