Truist Securities Rates Capital One Financial as a “Buy”

Latest Fund Sentiment Shows Institutional Interest Growing

On January 7, 2025, Truist Securities started coverage of Capital One Financial (WBAG:COFI), giving it a Buy rating.

Institutional Ownership on the Rise

Currently, 2,091 funds and institutions hold positions in Capital One Financial, marking an increase of 11 owners or 0.53% from the previous quarter. The average portfolio weight being allocated to COFI has risen by 3.67% to reach 0.35%. Over the last three months, the total number of shares owned by institutions climbed by 1.70%, bringing the total to 432,940K shares.

Significant Changes Among Major Shareholders

Dodge & Cox has reported holding 18,662K shares, which is 4.89% of Capital One Financial. This is a decrease from their previous ownership of 19,939K shares, a drop of 6.84%. Moreover, they have cut their investment in COFI by 4.62% recently.

Capital Research Global Investors owns 17,886K shares, accounting for 4.69% ownership. Previously, they held 20,291K shares, reflecting a 13.44% decline and a 9.70% reduction in their investment strategy in COFI.

Harris Associates L.P. has 14,454K shares, representing 3.79% of the company. This is down from 15,180K shares, indicating a decrease of 5.03%, with a notable reduction of 22.01% in their portfolio allocation in COFI over the last quarter.

The DODGX – Dodge & Cox Stock Fund presently holds 13,318K shares for 3.49% ownership. This marks a slight decrease from their previous holdings of 13,699K shares, down by 2.86%, and a modest reduction of 0.85% in their COFI allocation.

On the other hand, VTSMX – Vanguard Total Stock Market Index Fund Investor Shares owns 11,482K shares, which is 3.01% of the company. Their previous count was 11,454K shares, which means an increase of 0.24% as they boosted their COFI allocation by 1.82% this past quarter.

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This report was originally published on Fintel.

The views and opinions expressed herein are solely those of the author and do not necessarily reflect those of Nasdaq, Inc.