Davis Selected Advisers boosted its stake in shares of Capital One Financial Corporation (NYSE:COF) by 112.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,061,905 shares of the financial services provider’s stock after acquiring an additional 4,274,053 shares during the period. Capital One Financial Corporation accounts for 2.9% of Davis Selected Advisers’ portfolio, making the stock its 11th largest holding. Davis Selected Advisers owned approximately 1.67% of Capital One Financial Corporation worth $666,075,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Guardian Life Insurance Co. of America grew its stake in Capital One Financial Corporation by 0.6% during the first quarter. Guardian Life Insurance Co. of America now owns 1,860 shares of the financial services provider’s stock valued at $161,000 after acquiring an additional 11 shares in the last quarter. Savant Capital LLC grew its stake in Capital One Financial Corporation by 0.9% during the second quarter. Savant Capital LLC now owns 3,213 shares of the financial services provider’s stock valued at $265,000 after acquiring an additional 28 shares in the last quarter. ARGA Investment Management LP grew its stake in Capital One Financial Corporation by 0.3% during the second quarter. ARGA Investment Management LP now owns 11,002 shares of the financial services provider’s stock valued at $909,000 after acquiring an additional 32 shares in the last quarter. Trust Co. of Virginia VA grew its stake in Capital One Financial Corporation by 0.8% during the first quarter. Trust Co. of Virginia VA now owns 4,578 shares of the financial services provider’s stock valued at $397,000 after acquiring an additional 35 shares in the last quarter. Finally, Hugh Johnson Advisors LLC grew its stake in Capital One Financial Corporation by 0.3% during the first quarter. Hugh Johnson Advisors LLC now owns 21,317 shares of the financial services provider’s stock valued at $1,847,000 after acquiring an additional 54 shares in the last quarter. 88.05% of the stock is owned by institutional investors.

Capital One Financial Corporation (COF) traded up 1.392% during midday trading on Wednesday, hitting $79.755. 585,594 shares of the stock traded hands. The firm has a market cap of $38.60 billion, a P/E ratio of 11.629 and a beta of 1.22. Capital One Financial Corporation has a 12-month low of $69.49 and a 12-month high of $96.92. The company’s 50-day moving average is $83.20 and its 200 day moving average is $83.65.

Capital One Financial Corporation (NYSE:COF) last posted its quarterly earnings data on Thursday, July 20th. The financial services provider reported $1.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.90 by $0.06. Capital One Financial Corporation had a net margin of 13.32% and a return on equity of 7.92%. The business had revenue of $6.70 billion during the quarter, compared to analyst estimates of $6.68 billion. During the same quarter last year, the firm posted $1.76 earnings per share. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, analysts anticipate that Capital One Financial Corporation will post $7.54 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Monday, August 7th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.03%. The ex-dividend date was Thursday, August 3rd. Capital One Financial Corporation’s payout ratio is 23.43%.

Capital One Financial Corporation announced that its Board of Directors has authorized a stock buyback plan on Wednesday, June 28th that permits the company to repurchase $1.85 billion in outstanding shares. This repurchase authorization permits the financial services provider to reacquire up to 4.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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Several equities analysts recently weighed in on COF shares. Instinet reaffirmed a “buy” rating and set a $96.00 target price (down from $101.00) on shares of Capital One Financial Corporation in a research note on Wednesday, July 12th. BMO Capital Markets reissued a “buy” rating and issued a $103.00 price objective on shares of Capital One Financial Corporation in a research note on Tuesday, June 20th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $106.00 price objective on shares of Capital One Financial Corporation in a research note on Friday, June 16th. BidaskClub raised shares of Capital One Financial Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Finally, Zacks Investment Research raised shares of Capital One Financial Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $92.86.

In other news, CEO Richard D. Fairbank sold 367,419 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $87.02, for a total value of $31,972,801.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.73% of the company’s stock.

Capital One Financial Corporation Profile

Capital One Financial Corporation is a diversified financial services holding company. The Company, along with its subsidiaries, offers a range of financial products and services to consumers, small businesses and commercial clients through branches, the Internet and other distribution channels. The Company’s segments include Credit Card, Consumer Banking, Commercial Banking and Other.

Institutional Ownership by Quarter for Capital One Financial Corporation (NYSE:COF)

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