Capital One Financial Corporation $COF is Davis Selected Advisers’ Largest Position

Davis Selected Advisers boosted its position in Capital One Financial Corporation (NYSE:COF) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,614,766 shares of the financial services provider’s stock after buying an additional 234,649 shares during the quarter. Capital One Financial makes up approximately 9.4% of Davis Selected Advisers’ portfolio, making the stock its biggest position. Davis Selected Advisers’ holdings in Capital One Financial were worth $2,087,878,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Strive Asset Management LLC bought a new position in shares of Capital One Financial during the third quarter valued at approximately $28,000. Olistico Wealth LLC bought a new position in shares of Capital One Financial during the fourth quarter valued at approximately $30,000. WFA of San Diego LLC bought a new position in shares of Capital One Financial during the second quarter valued at approximately $32,000. Rakuten Securities Inc. raised its holdings in shares of Capital One Financial by 550.0% during the fourth quarter. Rakuten Securities Inc. now owns 130 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 110 shares in the last quarter. Finally, Crowley Wealth Management Inc. bought a new position in shares of Capital One Financial during the third quarter valued at approximately $33,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Evercore decreased their price objective on Capital One Financial from $265.00 to $222.00 and set an “outperform” rating for the company in a report on Monday, April 6th. Truist Financial decreased their price objective on Capital One Financial from $275.00 to $255.00 and set a “buy” rating for the company in a report on Thursday, April 23rd. TD Cowen decreased their price objective on Capital One Financial from $290.00 to $260.00 and set a “buy” rating for the company in a report on Tuesday, March 31st. Wells Fargo & Company decreased their price objective on Capital One Financial from $280.00 to $260.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Finally, BTIG Research reiterated a “buy” rating and issued a $224.00 price objective on shares of Capital One Financial in a report on Wednesday, April 22nd. Eighteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $258.14.

Capital One Financial Trading Up 0.3%

Capital One Financial stock opened at $191.87 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.03 and a quick ratio of 1.03. Capital One Financial Corporation has a one year low of $174.98 and a one year high of $259.64. The stock has a market capitalization of $119.33 billion, a PE ratio of 67.32, a price-to-earnings-growth ratio of 0.70 and a beta of 1.05. The business’s fifty day moving average is $190.44 and its 200 day moving average is $213.40.

Capital One Financial (NYSE:COF) last released its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $4.42 EPS for the quarter, missing the consensus estimate of $5.08 by ($0.66). Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. The business had revenue of $15.23 billion for the quarter, compared to analysts’ expectations of $15.68 billion. During the same period last year, the business earned $4.06 earnings per share. The company’s quarterly revenue was up 52.3% on a year-over-year basis. On average, sell-side analysts predict that Capital One Financial Corporation will post 19.17 EPS for the current year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 19th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $3.20 annualized dividend and a dividend yield of 1.7%. Capital One Financial’s dividend payout ratio (DPR) is 112.28%.

Insiders Place Their Bets

In other Capital One Financial news, insider Neal Blinde sold 38,135 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $190.51, for a total value of $7,265,098.85. Following the transaction, the insider directly owned 33,551 shares of the company’s stock, valued at approximately $6,391,801.01. This trade represents a 53.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Lia Dean sold 1,692 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $185.61, for a total value of $314,052.12. Following the completion of the transaction, the insider directly owned 65,454 shares in the company, valued at $12,148,916.94. The trade was a 2.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 50,047 shares of company stock valued at $9,742,217. 0.78% of the stock is currently owned by corporate insiders.

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.