Truist Financial Corp Acquires 346,877 Shares of Capital One Financial Corporation $COF

Truist Financial Corp boosted its holdings in Capital One Financial Corporation (NYSE:COF) by 172.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 548,441 shares of the financial services provider’s stock after purchasing an additional 346,877 shares during the period. Truist Financial Corp’s holdings in Capital One Financial were worth $116,686,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Moisand Fitzgerald Tamayo LLC raised its stake in shares of Capital One Financial by 103.3% during the second quarter. Moisand Fitzgerald Tamayo LLC now owns 122 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 62 shares during the last quarter. Signature Resources Capital Management LLC bought a new position in shares of Capital One Financial during the second quarter valued at about $28,000. WPG Advisers LLC bought a new position in shares of Capital One Financial during the first quarter valued at about $25,000. Saudi Central Bank bought a new position in shares of Capital One Financial during the first quarter valued at about $27,000. Finally, First United Bank & Trust bought a new position in shares of Capital One Financial during the second quarter valued at about $32,000. 89.84% of the stock is owned by institutional investors.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, CAO Timothy P. Golden sold 3,462 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total transaction of $727,989.36. Following the completion of the transaction, the chief accounting officer owned 8,987 shares of the company’s stock, valued at approximately $1,889,786.36. This trade represents a 27.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert M. Alexander sold 10,114 shares of the firm’s stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the transaction, the insider directly owned 68,707 shares of the company’s stock, valued at $15,655,577.02. This represents a 12.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 21,298 shares of company stock worth $4,679,844 over the last three months. Company insiders own 1.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on COF shares. Citigroup upped their price objective on shares of Capital One Financial from $250.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. upped their price objective on shares of Capital One Financial from $245.00 to $248.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Keefe, Bruyette & Woods upped their price objective on shares of Capital One Financial from $248.00 to $260.00 and gave the company an “outperform” rating in a research note on Wednesday, July 23rd. Evercore ISI upped their price objective on shares of Capital One Financial from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Royal Bank Of Canada increased their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 23rd. Three analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $244.29.

Capital One Financial Price Performance

COF stock opened at $212.50 on Wednesday. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $232.45. The company has a market cap of $135.90 billion, a P/E ratio of 108.97, a PEG ratio of 0.86 and a beta of 1.17. The firm has a 50-day moving average of $219.34 and a 200 day moving average of $200.23. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.02 and a quick ratio of 1.02.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $3.55. The business had revenue of $12.49 billion during the quarter, compared to analysts’ expectations of $12.72 billion. During the same quarter last year, the company posted $3.14 EPS. Capital One Financial’s revenue for the quarter was up 31.4% compared to the same quarter last year. On average, sell-side analysts forecast 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 Tuesday, September 2nd. Shareholders of record on Friday, August 15th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. Capital One Financial’s dividend payout ratio (DPR) is currently 123.08%.

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.