Sendero Wealth Management LLC Has $9.21 Million Stock Holdings in Capital One Financial Corporation $COF

Sendero Wealth Management LLC reduced its stake in Capital One Financial Corporation (NYSE:COF) by 11.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,325 shares of the financial services provider’s stock after selling 5,388 shares during the period. Capital One Financial accounts for 1.1% of Sendero Wealth Management LLC’s holdings, making the stock its 16th biggest holding. Sendero Wealth Management LLC’s holdings in Capital One Financial were worth $9,210,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Accel Wealth Management bought a new stake in Capital One Financial in the 3rd quarter valued at about $231,000. Cooper Financial Group grew its stake in Capital One Financial by 1.3% in the third quarter. Cooper Financial Group now owns 6,208 shares of the financial services provider’s stock valued at $1,320,000 after acquiring an additional 77 shares during the period. Montecito Bank & Trust bought a new stake in shares of Capital One Financial during the third quarter valued at approximately $647,000. Lbmc Investment Advisors LLC bought a new stake in shares of Capital One Financial during the third quarter valued at approximately $3,498,000. Finally, Lynch & Associates IN raised its position in shares of Capital One Financial by 5.0% during the third quarter. Lynch & Associates IN now owns 23,179 shares of the financial services provider’s stock worth $4,927,000 after purchasing an additional 1,112 shares during the period. Institutional investors own 89.84% of the company’s stock.

Insider Buying and Selling at Capital One Financial

In other news, insider Celia Karam sold 2,936 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $218.15, for a total transaction of $640,488.40. Following the completion of the transaction, the insider directly owned 63,433 shares of the company’s stock, valued at $13,837,908.95. This represents a 4.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $221.54, for a total transaction of $443,080.00. Following the sale, the general counsel owned 94,486 shares of the company’s stock, valued at approximately $20,932,428.44. The trade was a 2.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 280,218 shares of company stock valued at $62,395,804 in the last three months. 1.26% of the stock is owned by corporate insiders.

Capital One Financial Stock Performance

Shares of COF opened at $239.31 on Thursday. The stock has a 50 day moving average of $219.43 and a 200 day moving average of $216.14. The company has a market capitalization of $152.14 billion, a price-to-earnings ratio of 100.98, a PEG ratio of 0.56 and a beta of 1.16. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $244.82. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.45.

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 business had revenue of $15.46 billion for the quarter. Capital One Financial had a return on equity of 10.94% and a net margin of 2.24%. As a group, sell-side analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were given a dividend of $0.80 per share. The ex-dividend date was Monday, November 17th. This is an increase from Capital One Financial’s previous quarterly dividend of $0.60. This represents a $3.20 annualized dividend and a yield of 1.3%. Capital One Financial’s dividend payout ratio (DPR) is currently 135.02%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on COF. Wall Street Zen raised shares of Capital One Financial from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. JPMorgan Chase & Co. lifted their price objective on shares of Capital One Financial from $235.00 to $237.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Truist Financial boosted their target price on shares of Capital One Financial from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. The Goldman Sachs Group raised their price target on shares of Capital One Financial from $266.00 to $276.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Finally, Cowen reissued a “buy” rating on shares of Capital One Financial in a report on Wednesday, November 26th. Three analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Capital One Financial currently has an average rating of “Moderate Buy” and an average target price of $264.25.

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.