Capital One Financial Corporation $COF Shares Sold by Dodge & Cox

Key Points

• Dodge & Cox has reduced its stake in Capital One Financial by 5.8%, owning 16,276,312 shares after selling 1,008,685 shares in the first quarter.
• Insider selling has occurred, with Michael Zamsky and Robert M. Alexander reducing their holdings by 16.77% and 12.83%, respectively, with significant transactions totaling over $3 million.
• Recent analyst ratings have been positive, with Wells Fargo raising its price target to $265 and Citi increasing its target to $275, reflecting a bullish outlook for the stock.

Dodge & Cox lowered its stake in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 5.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,276,312 shares of the financial services provider's stock after selling 1,008,685 shares during the quarter. Capital One Financial makes up about 1.7% of Dodge & Cox's investment portfolio, making the stock its 20th largest holding. Dodge & Cox owned approximately 4.25% of Capital One Financial worth $2,918,343,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in COF. Lone Pine Capital LLC acquired a new stake in shares of Capital One Financial during the fourth quarter worth approximately $577,012,000. Diamond Hill Capital Management Inc. acquired a new stake in shares of Capital One Financial during the first quarter worth approximately $381,848,000. Bank of New York Mellon Corp grew its position in shares of Capital One Financial by 23.7% during the first quarter. Bank of New York Mellon Corp now owns 4,961,063 shares of the financial services provider's stock worth $889,519,000 after buying an additional 950,415 shares in the last quarter. Third Point LLC acquired a new stake in shares of Capital One Financial during the fourth quarter worth approximately $164,946,000. Finally, Northern Trust Corp grew its position in shares of Capital One Financial by 21.8% during the fourth quarter. Northern Trust Corp now owns 4,433,401 shares of the financial services provider's stock worth $790,564,000 after buying an additional 793,765 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company's stock.

Insider Buying and Selling at Capital One Financial

In related news, insider Michael Zamsky sold 5,515 shares of Capital One Financial stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the sale, the insider directly owned 27,364 shares in the company, valued at $5,735,220.76. The trade was a 16.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert M. Alexander sold 10,114 shares of Capital One Financial stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the sale, the insider owned 68,707 shares in the company, valued at approximately $15,655,577.02. This represents a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,298 shares of company stock valued at $4,233,044 in the last quarter. Corporate insiders own 1.26% of the company's stock.

Capital One Financial Stock Performance

Shares of COF opened at $221.2170 on Friday. Capital One Financial Corporation has a 1 year low of $131.55 and a 1 year high of $232.45. The company has a market cap of $141.47 billion, a price-to-earnings ratio of 113.45, a price-to-earnings-growth ratio of 0.82 and a beta of 1.16. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a fifty day moving average of $212.93 and a 200-day moving average of $194.17.

Capital One Financial (NYSE:COF - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $3.55. The firm had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. During the same period last year, the firm posted $3.14 EPS. The business's revenue was up 31.4% compared to the same quarter last year. As a group, equities analysts anticipate that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.40 annualized dividend and a yield of 1.1%. Capital One Financial's payout ratio is presently 123.08%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on COF shares. Wells Fargo & Company raised their price target on shares of Capital One Financial from $225.00 to $265.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Citigroup lifted their price objective on shares of Capital One Financial from $250.00 to $275.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Rothschild & Co Redburn assumed coverage on shares of Capital One Financial in a report on Friday, August 1st. They issued a "buy" rating and a $290.00 price objective for the company. Barclays reaffirmed an "overweight" rating and issued a $253.00 price objective (up previously from $212.00) on shares of Capital One Financial in a report on Monday, June 23rd. Finally, Truist Financial lifted their price objective on shares of Capital One Financial from $225.00 to $260.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $238.81.

About Capital One Financial

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.

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