Sendero Wealth Management LLC Decreases Stake in Capital One Financial Corporation $COF

Sendero Wealth Management LLC reduced its position in Capital One Financial Corporation (NYSE:COF) by 11.1% during the third quarter, HoldingsChannel reports. The fund owned 43,325 shares of the financial services provider’s stock after selling 5,388 shares during the quarter. Capital One Financial comprises 1.1% of Sendero Wealth Management LLC’s holdings, making the stock its 16th biggest position. Sendero Wealth Management LLC’s holdings in Capital One Financial were worth $9,210,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC raised its position in shares of Capital One Financial by 588,668.3% in the second quarter. Kingstone Capital Partners Texas LLC now owns 117,447,497 shares of the financial services provider’s stock valued at $24,988,129,000 after purchasing an additional 117,427,549 shares during the period. Vanguard Group Inc. grew its stake in Capital One Financial by 74.8% in the 2nd quarter. Vanguard Group Inc. now owns 56,380,913 shares of the financial services provider’s stock valued at $11,995,603,000 after buying an additional 24,129,990 shares in the last quarter. State Street Corp grew its stake in Capital One Financial by 63.4% in the 2nd quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock valued at $5,910,500,000 after buying an additional 10,776,843 shares in the last quarter. Norges Bank bought a new stake in Capital One Financial during the 2nd quarter valued at $1,701,511,000. Finally, Geode Capital Management LLC lifted its position in shares of Capital One Financial by 64.1% during the second quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider’s stock worth $2,970,628,000 after acquiring an additional 5,474,328 shares in the last quarter. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Performance

NYSE:COF opened at $239.31 on Thursday. The stock has a market cap of $152.14 billion, a P/E ratio of 100.98, a PEG ratio of 0.56 and a beta of 1.16. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.45. The business’s 50-day moving average price is $219.43 and its two-hundred day moving average price is $216.14. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $244.82.

Capital One Financial (NYSE:COF) last posted its quarterly earnings data on Monday, November 3rd. The financial services provider reported $5.95 earnings per share for the quarter. The company had revenue of $15.46 billion for the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. As a group, equities analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, November 17th. This is a positive change from Capital One Financial’s previous quarterly dividend of $0.60. Capital One Financial’s payout ratio is currently 135.02%.

Analysts Set New Price Targets

COF has been the subject of several recent research reports. BTIG Research reiterated a “buy” rating and issued a $264.00 price target on shares of Capital One Financial in a research report on Wednesday, October 22nd. Evercore ISI lifted their target price on Capital One Financial from $240.00 to $255.00 and gave the company an “outperform” rating in a report on Tuesday, September 30th. Citigroup upped their price target on Capital One Financial from $275.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. UBS Group lowered their price target on shares of Capital One Financial from $270.00 to $266.00 and set a “buy” rating on the stock in a report on Tuesday, October 7th. Finally, Wall Street Zen upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Capital One Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $264.25.

Insider Activity

In related news, insider Neal Blinde sold 43,200 shares of the stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $221.83, for a total value of $9,583,056.00. Following the transaction, the insider owned 73,020 shares of the company’s stock, valued at $16,198,026.60. This represents a 37.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Celia Karam sold 2,936 shares of Capital One Financial stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $218.15, for a total value of $640,488.40. Following the sale, the insider directly owned 63,433 shares of the company’s stock, valued at approximately $13,837,908.95. This trade represents a 4.42% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 280,218 shares of company stock worth $62,395,804. Corporate insiders own 1.26% of the company’s stock.

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.