Davis Selected Advisers Has $1.65 Billion Stock Holdings in Capital One Financial Co. (NYSE:COF)

Davis Selected Advisers lessened its position in Capital One Financial Co. (NYSE:COF) by 3.9% during the fourth quarter, Holdings Channel reports. The fund owned 9,249,045 shares of the financial services provider’s stock after selling 379,355 shares during the period. Capital One Financial comprises 9.6% of Davis Selected Advisers’ holdings, making the stock its biggest holding. Davis Selected Advisers’ holdings in Capital One Financial were worth $1,649,290,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC raised its holdings in shares of Capital One Financial by 21.4% during the 3rd quarter. FMR LLC now owns 6,640,951 shares of the financial services provider’s stock valued at $994,350,000 after buying an additional 1,169,395 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Capital One Financial in the 4th quarter worth approximately $130,683,000. Wellington Management Group LLP boosted its stake in shares of Capital One Financial by 268.7% in the 3rd quarter. Wellington Management Group LLP now owns 975,439 shares of the financial services provider’s stock valued at $146,052,000 after purchasing an additional 710,881 shares in the last quarter. Southpoint Capital Advisors LP bought a new position in shares of Capital One Financial during the 3rd quarter valued at $104,811,000. Finally, Raymond James Financial Inc. purchased a new position in Capital One Financial in the 4th quarter worth $115,091,000. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Stock Down 1.8 %

COF stock opened at $173.00 on Friday. The business has a 50 day moving average of $193.50 and a 200 day moving average of $174.27. The firm has a market cap of $65.97 billion, a PE ratio of 14.93, a price-to-earnings-growth ratio of 1.19 and a beta of 1.47. Capital One Financial Co. has a twelve month low of $128.23 and a twelve month high of $210.67. 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 announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.78 by $0.31. The company 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%. Capital One Financial’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.81 EPS. On average, research analysts forecast that Capital One Financial Co. will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on COF. Royal Bank of Canada raised their price objective on Capital One Financial from $190.00 to $200.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 22nd. Wells Fargo & Company raised their price target on Capital One Financial from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. Keefe, Bruyette & Woods boosted their price objective on Capital One Financial from $185.00 to $232.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Bank of America upgraded shares of Capital One Financial from a “neutral” rating to a “buy” rating and raised their target price for the stock from $207.00 to $235.00 in a report on Wednesday, February 19th. Finally, HSBC raised shares of Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price target for the company in a research report on Tuesday, January 14th. Seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $202.27.

Capital One Financial Company 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.