Sendero Wealth Management LLC Sells 4,111 Shares of Capital One Financial Corporation $COF

Sendero Wealth Management LLC cut its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 9.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,214 shares of the financial services provider’s stock after selling 4,111 shares during the quarter. Capital One Financial comprises 1.1% of Sendero Wealth Management LLC’s portfolio, making the stock its 15th biggest holding. Sendero Wealth Management LLC’s holdings in Capital One Financial were worth $9,504,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Strive Asset Management LLC bought a new position in Capital One Financial during the third quarter worth $28,000. Howard Hughes Medical Institute bought a new position in shares of Capital One Financial in the second quarter valued at about $29,000. Olistico Wealth LLC bought a new position in shares of Capital One Financial in the fourth quarter valued at about $30,000. WFA of San Diego LLC acquired a new stake in shares of Capital One Financial during the 2nd quarter worth about $32,000. Finally, Crowley Wealth Management Inc. acquired a new stake in shares of Capital One Financial during the 3rd quarter worth about $33,000. Institutional investors own 89.84% of the company’s stock.

Insider Transactions at Capital One Financial

In related news, insider Jason P. Hanson sold 3,729 shares of the business’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $205.00, for a total value of $764,445.00. Following the completion of the transaction, the insider owned 40,230 shares of the company’s stock, valued at $8,247,150. The trade was a 8.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ravi Raghu sold 13,450 shares of the company’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $250.00, for a total transaction of $3,362,500.00. Following the sale, the insider directly owned 30,337 shares of the company’s stock, valued at $7,584,250. This represents a 30.72% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 67,933 shares of company stock worth $14,363,897. Corporate insiders own 1.26% of the company’s stock.

Capital One Financial Price Performance

NYSE:COF opened at $181.80 on Friday. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $259.64. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.04 and a current ratio of 1.04. The firm’s 50-day simple moving average is $204.37 and its 200 day simple moving average is $218.22. The firm has a market cap of $113.07 billion, a price-to-earnings ratio of 61.42, a P/E/G ratio of 0.56 and a beta of 1.14.

Capital One Financial (NYSE:COF) last announced its earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.28). Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.The business had revenue of $15.62 billion for the quarter, compared to analyst estimates of $15.49 billion. During the same quarter in the previous year, the company earned $2.67 EPS. The business’s revenue for the quarter was up 53.3% on a year-over-year basis. As a group, sell-side analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 19th were issued a $0.80 dividend. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $3.20 annualized dividend and a yield of 1.8%. Capital One Financial’s payout ratio is currently 108.11%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Wells Fargo & Company upped their price target on shares of Capital One Financial from $265.00 to $280.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. Weiss Ratings restated a “hold (c)” rating on shares of Capital One Financial in a research report on Monday, December 29th. Royal Bank Of Canada restated a “sector perform” rating and set a $275.00 price objective on shares of Capital One Financial in a report on Monday, January 12th. Wolfe Research decreased their target price on Capital One Financial from $294.00 to $280.00 and set an “outperform” rating on the stock in a research report on Friday, January 23rd. Finally, JPMorgan Chase & Co. increased their target price on Capital One Financial from $237.00 to $256.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $275.95.

Capital One Financial Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.