TruWealth Advisors LLC Reduces Stock Holdings in Capital One Financial Co. (NYSE:COF)

TruWealth Advisors LLC cut its holdings in Capital One Financial Co. (NYSE:COF) by 20.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 1,590 shares of the financial services provider’s stock after selling 400 shares during the quarter. TruWealth Advisors LLC’s holdings in Capital One Financial were worth $238,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Wellington Management Group LLP boosted its stake in Capital One Financial by 13.9% in the 4th quarter. Wellington Management Group LLP now owns 1,349,167 shares of the financial services provider’s stock worth $176,903,000 after purchasing an additional 164,496 shares in the last quarter. CWM LLC lifted its stake in shares of Capital One Financial by 12.9% during the first quarter. CWM LLC now owns 7,188 shares of the financial services provider’s stock worth $1,070,000 after buying an additional 819 shares during the period. Mather Group LLC. purchased a new stake in shares of Capital One Financial during the first quarter valued at $126,000. Rise Advisors LLC acquired a new position in shares of Capital One Financial in the 1st quarter valued at $33,000. Finally, Banque Cantonale Vaudoise raised its stake in Capital One Financial by 12.5% in the 1st quarter. Banque Cantonale Vaudoise now owns 7,056 shares of the financial services provider’s stock worth $1,051,000 after acquiring an additional 784 shares during the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Wall Street Analyst Weigh In

COF has been the subject of several research analyst reports. Evercore ISI reduced their price objective on Capital One Financial from $166.00 to $163.00 and set an “in-line” rating for the company in a research note on Monday, October 7th. Bank of America lifted their price objective on shares of Capital One Financial from $158.00 to $161.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Citigroup initiated coverage on shares of Capital One Financial in a report on Friday, September 20th. They set a “buy” rating and a $190.00 target price for the company. JPMorgan Chase & Co. upped their price target on shares of Capital One Financial from $156.00 to $157.00 and gave the company a “neutral” rating in a report on Monday, October 7th. Finally, Barclays boosted their price objective on Capital One Financial from $154.00 to $158.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Twelve equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Capital One Financial presently has an average rating of “Hold” and a consensus price target of $151.56.

Capital One Financial Price Performance

Capital One Financial stock opened at $159.77 on Friday. The stock has a market capitalization of $60.74 billion, a P/E ratio of 12.51, a P/E/G ratio of 1.22 and a beta of 1.44. The company’s fifty day moving average price is $145.28 and its 200 day moving average price is $142.33. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.00 and a current ratio of 1.00. Capital One Financial Co. has a 1 year low of $88.23 and a 1 year high of $160.45.

Capital One Financial (NYSE:COF) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.28 by ($0.14). Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. The company had revenue of $9.51 billion during the quarter, compared to analyst estimates of $9.57 billion. During the same quarter last year, the business earned $3.52 EPS. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Capital One Financial Co. will post 12.87 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were given a $0.60 dividend. The ex-dividend date was Monday, August 12th. This represents a $2.40 annualized dividend and a dividend yield of 1.50%. Capital One Financial’s dividend payout ratio (DPR) is presently 18.79%.

Insider Transactions at Capital One Financial

In related news, CEO Kevin S. Borgmann sold 61,532 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total value of $8,175,141.52. Following the completion of the transaction, the chief executive officer now directly owns 40,934 shares of the company’s stock, valued at approximately $5,438,491.24. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.30% of the company’s stock.

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.