Dodge & Cox Sells 748,539 Shares of Capital One Financial Corporation $COF

Dodge & Cox lessened its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 5.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,107,917 shares of the financial services provider’s stock after selling 748,539 shares during the period. Capital One Financial comprises approximately 1.4% of Dodge & Cox’s holdings, making the stock its 28th largest holding. Dodge & Cox’s holdings in Capital One Financial were worth $2,573,901,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of COF. Vanguard Group Inc. grew its position in shares of Capital One Financial by 74.8% in the 2nd quarter. Vanguard Group Inc. now owns 56,380,913 shares of the financial services provider’s stock worth $11,995,603,000 after buying an additional 24,129,990 shares during the last quarter. State Street Corp raised its holdings in shares of Capital One Financial by 63.4% during the second quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock valued at $5,910,500,000 after acquiring an additional 10,776,843 shares in the last quarter. Norges Bank purchased a new stake in Capital One Financial in the second quarter worth $1,701,511,000. Boston Partners purchased a new stake in Capital One Financial in the second quarter worth $534,777,000. Finally, Amundi boosted its holdings in Capital One Financial by 321.6% in the second quarter. Amundi now owns 3,108,512 shares of the financial services provider’s stock valued at $680,174,000 after acquiring an additional 2,371,214 shares in the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on COF. Citigroup boosted their price objective on shares of Capital One Financial from $290.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, December 31st. Zacks Research lowered shares of Capital One Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. Keefe, Bruyette & Woods increased their price target on shares of Capital One Financial from $260.00 to $290.00 and gave the stock an “outperform” rating in a research note on Friday, January 2nd. Jefferies Financial Group raised their price objective on shares of Capital One Financial from $265.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $275.00 price objective on shares of Capital One Financial in a research report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Capital One Financial has a consensus rating of “Moderate Buy” and a consensus price target of $274.70.

Insiders Place Their Bets

In other Capital One Financial news, insider Ravi Raghu sold 13,450 shares of Capital One Financial stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $250.00, for a total value of $3,362,500.00. Following the completion of the transaction, the insider directly owned 30,337 shares of the company’s stock, valued at approximately $7,584,250. The trade was a 30.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Celia Karam sold 2,108 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $218.25, for a total transaction of $460,071.00. Following the completion of the transaction, the insider owned 59,269 shares in the company, valued at approximately $12,935,459.25. This represents a 3.43% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 67,933 shares of company stock valued at $14,363,897. 1.26% of the stock is owned by company insiders.

Capital One Financial Stock Up 1.3%

COF stock opened at $179.76 on Friday. The business has a 50 day moving average of $215.61 and a 200 day moving average of $220.89. The firm has a market cap of $111.80 billion, a PE ratio of 60.73, a price-to-earnings-growth ratio of 0.53 and a beta of 1.14. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $259.64. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.44.

Capital One Financial (NYSE:COF) last released its earnings results on Thursday, January 22nd. The financial services provider reported $3.86 EPS for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.28). Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.During the same period in the previous year, the firm earned $2.67 earnings per share. Capital One Financial’s quarterly revenue was up 53.3% on a year-over-year basis. On average, research analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Thursday, February 19th were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Thursday, February 19th. Capital One Financial’s dividend payout ratio (DPR) is currently 108.11%.

About Capital One Financial

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.