Capital One Financial Corporation (COF) Holdings Lifted by Davis Selected Advisers

Davis Selected Advisers boosted its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 43.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,581,237 shares of the financial services provider’s stock after purchasing an additional 3,519,332 shares during the period. Capital One Financial comprises 4.2% of Davis Selected Advisers’ portfolio, making the stock its 8th biggest holding. Davis Selected Advisers owned about 2.39% of Capital One Financial worth $980,149,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Global X Management Co. LLC increased its holdings in shares of Capital One Financial by 12.2% during the second quarter. Global X Management Co. LLC now owns 7,271 shares of the financial services provider’s stock worth $601,000 after buying an additional 792 shares in the last quarter. Wedbush Securities Inc. acquired a new stake in shares of Capital One Financial during the second quarter worth approximately $280,000. LMR Partners LLP increased its holdings in shares of Capital One Financial by 4.7% during the second quarter. LMR Partners LLP now owns 7,158 shares of the financial services provider’s stock worth $591,000 after buying an additional 323 shares in the last quarter. State of Wisconsin Investment Board increased its holdings in shares of Capital One Financial by 31.7% during the second quarter. State of Wisconsin Investment Board now owns 398,752 shares of the financial services provider’s stock worth $32,945,000 after buying an additional 95,960 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Capital One Financial by 6.7% during the second quarter. Bank of New York Mellon Corp now owns 6,840,874 shares of the financial services provider’s stock worth $565,193,000 after buying an additional 429,462 shares in the last quarter. Hedge funds and other institutional investors own 88.43% of the company’s stock.

Shares of Capital One Financial Corporation (NYSE:COF) opened at $94.72 on Thursday. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 1.17. Capital One Financial Corporation has a fifty-two week low of $76.05 and a fifty-two week high of $96.92. The company has a market cap of $46,637.24, a price-to-earnings ratio of 12.69, a price-to-earnings-growth ratio of 1.43 and a beta of 1.28.

Capital One Financial (NYSE:COF) last released its earnings results on Tuesday, October 24th. The financial services provider reported $2.42 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.27. Capital One Financial had a net margin of 13.34% and a return on equity of 8.25%. The firm had revenue of $6.99 billion during the quarter, compared to analyst estimates of $6.81 billion. During the same quarter in the previous year, the business earned $2.03 EPS. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. equities analysts forecast that Capital One Financial Corporation will post 7.97 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 24th. Shareholders of record on Monday, November 13th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date was Friday, November 10th. Capital One Financial’s dividend payout ratio is presently 22.63%.

In other Capital One Financial news, Director Bradford H. Warner sold 7,000 shares of Capital One Financial stock in a transaction on Monday, December 4th. The shares were sold at an average price of $94.94, for a total transaction of $664,580.00. Following the completion of the sale, the director now owns 57,085 shares of the company’s stock, valued at approximately $5,419,649.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert M. Alexander sold 76,354 shares of Capital One Financial stock in a transaction on Monday, December 4th. The stock was sold at an average price of $94.84, for a total transaction of $7,241,413.36. Following the sale, the insider now directly owns 89,603 shares of the company’s stock, valued at approximately $8,497,948.52. The disclosure for this sale can be found here. Insiders have sold a total of 131,868 shares of company stock valued at $12,378,192 in the last ninety days. Company insiders own 1.73% of the company’s stock.

Several research firms have recently weighed in on COF. BMO Capital Markets reaffirmed a “buy” rating and set a $116.00 price objective on shares of Capital One Financial in a report on Friday, October 6th. Wells Fargo & Company began coverage on shares of Capital One Financial in a report on Tuesday, October 10th. They set an “outperform” rating and a $96.00 price objective for the company. Piper Jaffray Companies assumed coverage on shares of Capital One Financial in a report on Thursday, September 21st. They set an “underweight” rating and a $81.00 price objective for the company. Wedbush raised shares of Capital One Financial from an “underperform” rating to a “neutral” rating and set a $80.00 price target for the company in a report on Wednesday, October 25th. Finally, Zacks Investment Research raised shares of Capital One Financial from a “sell” rating to a “hold” rating in a report on Monday, October 9th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Capital One Financial presently has a consensus rating of “Hold” and an average target price of $96.24.

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About Capital One Financial

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 (NYSE:COF)

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