Truist Financial Corp Decreases Stock Position in Capital One Financial Co. (NYSE:COF)

Truist Financial Corp reduced its position in Capital One Financial Co. (NYSE:COF) by 0.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 203,781 shares of the financial services provider’s stock after selling 510 shares during the quarter. Truist Financial Corp’s holdings in Capital One Financial were worth $36,338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. State Street Corp increased its position in Capital One Financial by 0.5% in the third quarter. State Street Corp now owns 16,506,861 shares of the financial services provider’s stock worth $2,471,572,000 after buying an additional 74,784 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Capital One Financial by 2.8% in the third quarter. Franklin Resources Inc. now owns 10,387,265 shares of the financial services provider’s stock valued at $1,649,488,000 after purchasing an additional 280,462 shares in the last quarter. Fisher Asset Management LLC grew its position in shares of Capital One Financial by 0.7% in the third quarter. Fisher Asset Management LLC now owns 9,694,297 shares of the financial services provider’s stock valued at $1,451,527,000 after purchasing an additional 72,097 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Capital One Financial by 2.0% in the third quarter. Geode Capital Management LLC now owns 8,020,160 shares of the financial services provider’s stock valued at $1,198,664,000 after purchasing an additional 159,616 shares in the last quarter. Finally, FMR LLC grew its position in shares of Capital One Financial by 21.4% in the third quarter. FMR LLC now owns 6,640,951 shares of the financial services provider’s stock valued at $994,350,000 after purchasing an additional 1,169,395 shares in the last quarter. 89.84% of the stock is owned by hedge funds and other institutional investors.

Capital One Financial Trading Up 0.4 %

Shares of COF stock opened at $203.06 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.74. The business has a 50-day moving average price of $189.86 and a two-hundred day moving average price of $168.99. Capital One Financial Co. has a 12-month low of $128.23 and a 12-month high of $208.63. The firm has a market cap of $77.41 billion, a P/E ratio of 17.52, a price-to-earnings-growth ratio of 1.26 and a beta of 1.47.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.31. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The firm had revenue of $10.19 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same quarter in the previous year, the company posted $2.81 earnings per share. The company’s revenue was up 7.2% compared to the same quarter last year. Equities analysts anticipate that Capital One Financial Co. will post 15.41 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Tuesday, February 18th. Capital One Financial’s dividend payout ratio (DPR) is presently 20.71%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. HSBC upgraded Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price target for the company in a research report on Tuesday, January 14th. Hsbc Global Res upgraded Capital One Financial from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Bank of America cut Capital One Financial from a “buy” rating to a “neutral” rating and reduced their price target for the company from $203.00 to $200.00 in a research report on Monday, December 9th. The Goldman Sachs Group lifted their price target on Capital One Financial from $182.00 to $205.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Finally, Barclays boosted their target price on Capital One Financial from $219.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $196.31.

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.