Sendero Wealth Management LLC Sells 3,956 Shares of Capital One Financial Co. (NYSE:COF)

Sendero Wealth Management LLC cut its holdings in Capital One Financial Co. (NYSE:COF) by 7.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,570 shares of the financial services provider’s stock after selling 3,956 shares during the period. Capital One Financial accounts for 1.2% of Sendero Wealth Management LLC’s investment portfolio, making the stock its 17th biggest position. Sendero Wealth Management LLC’s holdings in Capital One Financial were worth $8,304,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of COF. Asset Management One Co. Ltd. boosted its holdings in shares of Capital One Financial by 5.3% in the third quarter. Asset Management One Co. Ltd. now owns 146,769 shares of the financial services provider’s stock worth $21,976,000 after acquiring an additional 7,331 shares during the period. Principal Financial Group Inc. boosted its stake in Capital One Financial by 4.3% in the 3rd quarter. Principal Financial Group Inc. now owns 430,654 shares of the financial services provider’s stock worth $64,482,000 after purchasing an additional 17,825 shares during the period. CWA Asset Management Group LLC purchased a new position in Capital One Financial during the 3rd quarter valued at about $1,649,000. Dai ichi Life Insurance Company Ltd increased its position in shares of Capital One Financial by 36.8% during the third quarter. Dai ichi Life Insurance Company Ltd now owns 11,162 shares of the financial services provider’s stock valued at $1,671,000 after buying an additional 3,000 shares during the period. Finally, Fisher Asset Management LLC lifted its holdings 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 worth $1,451,527,000 after buying an additional 72,097 shares in the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Trading Up 3.3 %

NYSE:COF opened at $190.79 on Thursday. The firm has a market capitalization of $72.79 billion, a P/E ratio of 18.02, a P/E/G ratio of 1.34 and a beta of 1.45. The company has a fifty day moving average of $183.63 and a 200 day moving average of $159.54. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.78. Capital One Financial Co. has a 52 week low of $123.23 and a 52 week high of $198.30.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, topping analysts’ consensus estimates of $3.70 by $0.81. The firm had revenue of $10 billion for the quarter, compared to analyst estimates of $9.88 billion. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period last year, the company earned $4.45 EPS. On average, research analysts predict that Capital One Financial Co. will post 13.54 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 14th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.26%. Capital One Financial’s dividend payout ratio (DPR) is 22.66%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on COF shares. JPMorgan Chase & Co. boosted their price objective on shares of Capital One Financial from $162.00 to $186.00 and gave the company a “neutral” rating in a research note on Monday, December 9th. Keefe, Bruyette & Woods increased their price objective on Capital One Financial from $185.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Citigroup started coverage on Capital One Financial in a research report on Friday, September 20th. They set a “buy” rating and a $190.00 target price for the company. Barclays upgraded Capital One Financial from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $158.00 to $219.00 in a research note on Monday, January 6th. Finally, Wells Fargo & Company lifted their price target on Capital One Financial from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, January 3rd. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $188.06.

Insider Transactions at Capital One Financial

In other news, insider Kara West sold 721 shares of Capital One Financial stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $184.73, for a total transaction of $133,190.33. Following the completion of the transaction, the insider now directly owns 12,929 shares in the company, valued at approximately $2,388,374.17. This trade represents a 5.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark Daniel Mouadeb sold 1,994 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $162.37, for a total value of $323,765.78. Following the completion of the sale, the insider now owns 19,776 shares in the company, valued at $3,211,029.12. The trade was a 9.16 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,256 shares of company stock valued at $2,462,487. Corporate insiders own 1.30% 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.