Dodge & Cox bought a new position in Capital One Financial Corp. (NYSE:COF) during the fourth quarter, Holdings Channel reports. The institutional investor bought 45,211,452 shares of the financial services provider’s stock, valued at approximately $3,944,247,000. Capital One Financial Corp. accounts for about 3.5% of Dodge & Cox’s portfolio, making the stock its 4th largest position. Dodge & Cox owned 0.09% of Capital One Financial Corp. at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of COF. Capital World Investors increased its stake in Capital One Financial Corp. by 27.5% in the third quarter. Capital World Investors now owns 27,456,008 shares of the financial services provider’s stock worth $1,972,165,000 after buying an additional 5,914,808 shares during the period. FMR LLC increased its stake in Capital One Financial Corp. by 22.2% in the fourth quarter. FMR LLC now owns 29,667,288 shares of the financial services provider’s stock worth $2,588,175,000 after buying an additional 5,394,359 shares during the period. JPMorgan Chase & Co. increased its stake in Capital One Financial Corp. by 34.6% in the third quarter. JPMorgan Chase & Co. now owns 17,546,669 shares of the financial services provider’s stock worth $1,260,376,000 after buying an additional 4,511,539 shares during the period. Norges Bank bought a new stake in Capital One Financial Corp. during the fourth quarter worth approximately $345,637,000. Finally, Pzena Investment Management LLC bought a new stake in Capital One Financial Corp. during the third quarter worth approximately $229,175,000. 88.38% of the stock is owned by institutional investors and hedge funds.

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

Capital One Financial Corp. (NYSE:COF) traded down 0.69% on Monday, hitting $87.62. 839,129 shares of the company were exchanged. The firm’s 50 day moving average is $90.80 and its 200 day moving average is $82.59. The company has a market capitalization of $42.07 billion, a P/E ratio of 12.71 and a beta of 1.24. Capital One Financial Corp. has a 52 week low of $58.03 and a 52 week high of $96.92.

Capital One Financial Corp. (NYSE:COF) last issued its quarterly earnings results on Tuesday, January 24th. The financial services provider reported $1.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.61 by $0.16. Capital One Financial Corp. had a net margin of 13.63% and a return on equity of 8.06%. The company had revenue of $6.57 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same quarter in the previous year, the company posted $1.58 EPS. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, equities research analysts forecast that Capital One Financial Corp. will post $7.90 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, February 24th. Shareholders of record on Monday, February 13th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, February 9th. This represents a $1.60 dividend on an annualized basis and a yield of 1.81%. Capital One Financial Corp.’s payout ratio is 23.26%.

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COF has been the subject of a number of research analyst reports. Barclays PLC lifted their target price on shares of Capital One Financial Corp. from $82.00 to $105.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 3rd. BMO Capital Markets reaffirmed a “buy” rating and issued a $103.00 target price on shares of Capital One Financial Corp. in a research report on Wednesday, January 25th. DA Davidson reaffirmed a “buy” rating on shares of Capital One Financial Corp. in a research report on Wednesday, December 14th. Guggenheim reaffirmed a “neutral” rating on shares of Capital One Financial Corp. in a research report on Saturday, January 28th. Finally, Bank of America Corp raised shares of Capital One Financial Corp. from an “underperform” rating to a “neutral” rating and set a $92.00 target price for the company in a research report on Thursday, December 15th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $85.50.

In other news, insider Jory A. Berson sold 63,562 shares of the stock in a transaction on Monday, March 13th. The shares were sold at an average price of $92.08, for a total value of $5,852,788.96. Following the sale, the insider now owns 162,542 shares in the company, valued at $14,966,867.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Richard D. Fairbank sold 600,000 shares of the stock in a transaction on Friday, January 27th. The stock was sold at an average price of $89.12, for a total transaction of $53,472,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 827,963 shares of company stock worth $73,875,307 in the last 90 days. 1.94% of the stock is currently owned by company insiders.

Capital One Financial Corp. Company Profile

5 Day Chart for NYSE:COF

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