Dodge & Cox Trims Stock Position in Capital One Financial Corporation $COF

Dodge & Cox cut its position in Capital One Financial Corporation (NYSE:COF) by 5.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,107,917 shares of the financial services provider’s stock after selling 748,539 shares during the quarter. Capital One Financial comprises 1.4% of Dodge & Cox’s investment portfolio, making the stock its 28th biggest position. Dodge & Cox owned about 1.90% of Capital One Financial worth $2,573,901,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Fernbridge Capital Management LP boosted its stake in Capital One Financial by 13.8% during the third quarter. Fernbridge Capital Management LP now owns 205,687 shares of the financial services provider’s stock valued at $43,725,000 after buying an additional 24,905 shares during the period. Jump Financial LLC increased its stake in Capital One Financial by 384.0% in the 3rd quarter. Jump Financial LLC now owns 24,713 shares of the financial services provider’s stock worth $5,253,000 after acquiring an additional 19,607 shares during the last quarter. Boston Partners increased its stake in Capital One Financial by 1.7% in the 3rd quarter. Boston Partners now owns 2,556,953 shares of the financial services provider’s stock worth $543,605,000 after acquiring an additional 43,037 shares during the last quarter. Banco BTG Pactual S.A. raised its holdings in shares of Capital One Financial by 30.4% in the 3rd quarter. Banco BTG Pactual S.A. now owns 49,380 shares of the financial services provider’s stock valued at $10,497,000 after acquiring an additional 11,500 shares in the last quarter. Finally, GeoWealth Management LLC boosted its position in shares of Capital One Financial by 11.2% during the 3rd quarter. GeoWealth Management LLC now owns 3,138 shares of the financial services provider’s stock valued at $667,000 after acquiring an additional 315 shares during the last quarter. 89.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Evercore cut their price objective on Capital One Financial from $290.00 to $265.00 and set an “outperform” rating for the company in a report on Tuesday, January 27th. JPMorgan Chase & Co. lifted their target price on shares of Capital One Financial from $237.00 to $256.00 and gave the company a “neutral” rating in a research report on Monday, January 12th. BTIG Research cut their price target on shares of Capital One Financial from $308.00 to $270.00 and set a “buy” rating for the company in a research note on Friday, January 23rd. Citigroup increased their price target on shares of Capital One Financial from $290.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, December 31st. Finally, Truist Financial lowered their price objective on shares of Capital One Financial from $290.00 to $275.00 and set a “buy” rating on the stock in a research report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Capital One Financial presently has an average rating of “Moderate Buy” and a consensus price target of $274.70.

Capital One Financial Stock Up 1.3%

COF opened at $179.76 on Friday. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $259.64. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.44. The business’s 50-day moving average price is $215.61 and its 200-day moving average price is $220.89. The company has a market cap of $111.80 billion, a P/E ratio of 60.73, a P/E/G ratio of 0.53 and a beta of 1.14.

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

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders 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 dividend yield of 1.8%. The ex-dividend date of this dividend was Thursday, February 19th. Capital One Financial’s dividend payout ratio is 108.11%.

Insider Transactions at Capital One Financial

In other news, insider Ravi Raghu sold 13,450 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider owned 30,337 shares in the company, valued at approximately $7,584,250. This trade represents a 30.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lia Dean sold 3,284 shares of Capital One Financial stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $223.68, for a total transaction of $734,565.12. Following the completion of the transaction, the insider directly owned 70,162 shares in the company, valued at approximately $15,693,836.16. The trade was a 4.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 67,933 shares of company stock valued at $14,363,897. 1.26% of the stock is currently owned by insiders.

Capital One Financial Profile

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.