Capital One Financial Co. (NYSE:COF) Shares Sold by Davis Selected Advisers

Davis Selected Advisers cut its stake in Capital One Financial Co. (NYSE:COF) by 3.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,249,045 shares of the financial services provider’s stock after selling 379,355 shares during the quarter. Capital One Financial accounts for about 9.6% of Davis Selected Advisers’ portfolio, making the stock its biggest position. Davis Selected Advisers owned approximately 2.43% of Capital One Financial worth $1,649,290,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of COF. Bfsg LLC purchased a new stake in Capital One Financial in the 4th quarter valued at $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Capital One Financial in the 4th quarter worth $27,000. TruNorth Capital Management LLC purchased a new stake in shares of Capital One Financial in the fourth quarter valued at about $29,000. Decker Retirement Planning Inc. bought a new position in shares of Capital One Financial during the fourth quarter valued at about $32,000. Finally, SBI Securities Co. Ltd. bought a new stake in Capital One Financial in the 4th quarter worth about $32,000. Institutional investors own 89.84% of the company’s stock.

Wall Street Analyst Weigh In

COF has been the topic of a number of research analyst reports. Royal Bank of Canada boosted their target price on Capital One Financial from $190.00 to $200.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 22nd. Barclays boosted their price objective on Capital One Financial from $219.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. UBS Group raised Capital One Financial from a “neutral” rating to a “buy” rating and raised their target price for the company from $168.00 to $235.00 in a research report on Monday, January 13th. Truist Financial boosted their price target on shares of Capital One Financial from $229.00 to $257.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Capital One Financial from $162.00 to $186.00 and gave the stock a “neutral” rating in a research report on Monday, December 9th. Seven research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $202.27.

Capital One Financial Stock Down 1.8 %

Shares of NYSE COF opened at $173.00 on Friday. The business has a 50-day simple moving average of $193.50 and a two-hundred day simple moving average of $174.27. Capital One Financial Co. has a 52 week low of $128.23 and a 52 week high of $210.67. The company has a market cap of $65.97 billion, a P/E ratio of 14.93, a P/E/G ratio of 1.19 and a beta of 1.47. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.74.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.31. The business had revenue of $10.19 billion for the quarter, compared to analysts’ expectations of $10.22 billion. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.81 EPS. Research analysts anticipate that Capital One Financial Co. will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend was Tuesday, February 18th. Capital One Financial’s payout ratio is 20.71%.

Capital One Financial Profile

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.