Truist Financial Corp Has $36.34 Million Stock Position in Capital One Financial Co. (NYSE:COF)

Truist Financial Corp lowered its holdings in shares of Capital One Financial Co. (NYSE:COF) by 0.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 203,781 shares of the financial services provider’s stock after selling 510 shares during the period. Truist Financial Corp owned approximately 0.05% of Capital One Financial worth $36,338,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Decker Retirement Planning Inc. bought a new position in Capital One Financial in the fourth quarter worth approximately $32,000. Catalyst Capital Advisors LLC bought a new position in Capital One Financial in the third quarter worth approximately $36,000. Sierra Ocean LLC bought a new position in Capital One Financial in the fourth quarter worth approximately $48,000. Creative Financial Designs Inc. ADV boosted its holdings in Capital One Financial by 135.0% in the third quarter. Creative Financial Designs Inc. ADV now owns 289 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 166 shares in the last quarter. Finally, Eastern Bank bought a new position in Capital One Financial in the third quarter worth approximately $44,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Stock Performance

Shares of Capital One Financial stock opened at $203.06 on Wednesday. The business’s fifty day simple moving average is $189.86 and its 200 day simple moving average is $168.99. The firm has a market capitalization 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 Co. has a 12 month low of $128.23 and a 12 month high of $208.63. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74.

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

Capital One Financial Dividend Announcement

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

Wall Street Analysts Forecast Growth

COF has been the topic of several recent research reports. JPMorgan Chase & Co. increased their price target on Capital One Financial from $162.00 to $186.00 and gave the stock a “neutral” rating in a report on Monday, December 9th. Evercore ISI increased their price target on Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. HSBC upgraded Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price target on the stock in a report on Tuesday, January 14th. Truist Financial increased their price target on Capital One Financial from $229.00 to $257.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, Bank of America lowered Capital One Financial from a “buy” rating to a “neutral” rating and dropped their target price for the company from $203.00 to $200.00 in a report on Monday, December 9th. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $196.31.

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.