Dodge & Cox Invests $3,944,247,000 in Capital One Financial Corp. (COF)

Dodge & Cox bought a new position in shares of Capital One Financial Corp. (NYSE:COF) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 3.5% of Dodge & Cox’s portfolio, making the stock its 4th largest position. Dodge & Cox owned approximately 9.42% of Capital One Financial Corp. at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of COF. Commonwealth Equity Services Inc raised its stake in shares of Capital One Financial Corp. by 3.8% in the third quarter. Commonwealth Equity Services Inc now owns 59,785 shares of the financial services provider’s stock worth $4,294,000 after buying an additional 2,162 shares during the last quarter. Timber Creek Capital Management LLC raised its stake in shares of Capital One Financial Corp. by 22.3% in the third quarter. Timber Creek Capital Management LLC now owns 46,670 shares of the financial services provider’s stock worth $3,352,000 after buying an additional 8,525 shares during the last quarter. BlackRock Investment Management LLC raised its stake in shares of Capital One Financial Corp. by 0.5% in the third quarter. BlackRock Investment Management LLC now owns 2,364,981 shares of the financial services provider’s stock worth $169,877,000 after buying an additional 11,582 shares during the last quarter. Hartford Investment Management Co. raised its stake in shares of Capital One Financial Corp. by 0.6% in the third quarter. Hartford Investment Management Co. now owns 126,770 shares of the financial services provider’s stock worth $9,106,000 after buying an additional 696 shares during the last quarter. Finally, United Services Automobile Association raised its stake in shares of Capital One Financial Corp. by 12.8% in the third quarter. United Services Automobile Association now owns 778,725 shares of the financial services provider’s stock worth $55,936,000 after buying an additional 88,544 shares during the last quarter. 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% during trading on Monday, reaching $87.62. The company had a trading volume of 839,129 shares. The firm’s 50 day moving average price is $90.80 and its 200 day moving average price is $82.59. Capital One Financial Corp. has a 12-month low of $58.03 and a 12-month high of $96.92. The firm has a market capitalization of $42.07 billion, a PE ratio of 12.71 and a beta of 1.24.

Capital One Financial Corp. (NYSE:COF) last issued its quarterly earnings data on Tuesday, January 24th. The financial services provider reported $1.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.61 by $0.16. Capital One Financial Corp. had a return on equity of 8.06% and a net margin of 13.63%. The company earned $6.57 billion during the quarter, compared to analysts’ expectations of $6.66 billion. During the same quarter last year, the business earned $1.58 earnings per share. The business’s quarterly revenue was up 6.0% on a year-over-year basis. Equities research analysts forecast that Capital One Financial Corp. will post $7.90 EPS for the current year.

The firm also recently announced 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date was Thursday, February 9th. Capital One Financial Corp.’s dividend payout ratio is 23.26%.

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A number of brokerages have commented on COF. Barclays PLC boosted their price objective on Capital One Financial Corp. from $82.00 to $105.00 and gave the stock an “overweight” rating in a report on Tuesday, January 3rd. Goldman Sachs Group Inc raised Capital One Financial Corp. from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $106.00 to $110.00 in a report on Friday, February 17th. BMO Capital Markets reissued a “buy” rating and set a $103.00 price objective on shares of Capital One Financial Corp. in a report on Wednesday, January 25th. Oppenheimer Holdings Inc. set a $84.00 price objective on Capital One Financial Corp. and gave the stock a “sell” rating in a report on Tuesday, January 24th. Finally, Guggenheim reissued a “neutral” rating on shares of Capital One Financial Corp. in a report on Saturday, January 28th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Capital One Financial Corp. presently has an average rating of “Hold” and an average price target of $85.50.

In other Capital One Financial Corp. news, Director Pierre E. Leroy sold 8,998 shares of the firm’s stock in a transaction that occurred on Monday, January 30th. The shares were sold at an average price of $88.09, for a total transaction of $792,633.82. Following the completion of the transaction, the director now owns 48,298 shares of the company’s stock, valued at $4,254,570.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard D. Fairbank sold 600,000 shares of the firm’s stock in a transaction that occurred on Friday, January 27th. The shares were 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 827,963 shares of company stock valued at $73,875,307 in the last ninety days. Insiders own 1.94% of the company’s stock.

About Capital One Financial Corp.

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