Davis Selected Advisers Raises Holdings in Capital One Financial Corporation $COF

Key Points

• Davis Selected Advisers increased its stake in Capital One by 2.8% to 8,614,766 shares, making COF the firm's largest holding (≈9.4% of its portfolio) and representing about 1.36% of Capital One worth roughly $2.09 billion.
• Capital One missed quarterly estimates, reporting $4.42 EPS vs. $5.08 expected and $15.23B revenue vs. $15.68B expected (revenue was up 52.3% YoY); the company also pays a $0.80 quarterly dividend ($3.20 annual, ~1.7% yield) with a payout ratio of 112%.
• Insiders sold 50,047 shares totaling about $9.74 million over the past three months, while institutional investors own roughly 89.8% of the stock and company insiders hold 0.78%.

Davis Selected Advisers raised its stake in shares of Capital One Financial Corporation (NYSE:COF) by 2.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,614,766 shares of the financial services provider's stock after acquiring an additional 234,649 shares during the period. Capital One Financial comprises approximately 9.4% of Davis Selected Advisers' investment portfolio, making the stock its largest holding. Davis Selected Advisers owned 1.36% of Capital One Financial worth $2,087,878,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Capital One Financial by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 56,897,238 shares of the financial services provider's stock valued at $13,789,615,000 after acquiring an additional 360,071 shares in the last quarter. Franklin Resources Inc. lifted its stake in Capital One Financial by 12.8% during the 3rd quarter. Franklin Resources Inc. now owns 11,838,304 shares of the financial services provider's stock valued at $2,516,587,000 after acquiring an additional 1,339,215 shares in the last quarter. Capital Research Global Investors lifted its stake in Capital One Financial by 3.7% during the 3rd quarter. Capital Research Global Investors now owns 8,426,060 shares of the financial services provider's stock valued at $1,791,264,000 after acquiring an additional 302,733 shares in the last quarter. Viking Global Investors LP lifted its stake in Capital One Financial by 30.3% during the 3rd quarter. Viking Global Investors LP now owns 7,388,506 shares of the financial services provider's stock valued at $1,570,649,000 after acquiring an additional 1,717,148 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Capital One Financial by 0.5% during the 3rd quarter. Invesco Ltd. now owns 5,530,940 shares of the financial services provider's stock valued at $1,175,767,000 after acquiring an additional 25,325 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Jason P. Hanson sold 3,729 shares of the business's stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $205.00, for a total transaction of $764,445.00. Following the completion of the transaction, the insider owned 40,230 shares of the company's stock, valued at approximately $8,247,150. The trade was a 8.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Neal Blinde sold 38,135 shares of the business's stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $190.51, for a total value of $7,265,098.85. Following the transaction, the insider directly owned 33,551 shares of the company's stock, valued at $6,391,801.01. The trade was a 53.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 50,047 shares of company stock worth $9,742,217 over the last three months. Company insiders own 0.78% of the company's stock.

Capital One Financial Trading Up 0.3%

Shares of COF opened at $191.87 on Friday. Capital One Financial Corporation has a twelve month low of $174.98 and a twelve month high of $259.64. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.46. The stock has a market cap of $119.33 billion, a PE ratio of 67.32, a P/E/G ratio of 0.70 and a beta of 1.05. The business's 50-day moving average price is $190.44 and its 200-day moving average price is $213.40.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $4.42 EPS for the quarter, missing the consensus estimate of $5.08 by ($0.66). Capital One Financial had a return on equity of 10.59% and a net margin of 4.29%.The business had revenue of $15.23 billion for the quarter, compared to analysts' expectations of $15.68 billion. During the same period in the previous year, the firm posted $4.06 EPS. The firm's revenue for the quarter was up 52.3% compared to the same quarter last year. On average, equities analysts forecast that Capital One Financial Corporation will post 19.17 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 19th were issued a dividend of $0.80 per share. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $3.20 annualized dividend and a dividend yield of 1.7%. Capital One Financial's payout ratio is presently 112.28%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on COF shares. HSBC dropped their price objective on Capital One Financial from $234.00 to $226.00 and set a "hold" rating on the stock in a research note on Tuesday, January 20th. Rothschild & Co Redburn dropped their price objective on Capital One Financial from $290.00 to $275.00 and set a "buy" rating on the stock in a research note on Wednesday. Barclays lifted their target price on Capital One Financial from $226.00 to $250.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 22nd. Royal Bank Of Canada lowered their target price on Capital One Financial from $275.00 to $235.00 and set a "sector perform" rating on the stock in a research note on Friday, April 10th. Finally, Wolfe Research lowered their target price on Capital One Financial from $294.00 to $280.00 and set an "outperform" rating on the stock in a research note on Friday, January 23rd. Eighteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $258.14.

Capital One Financial Company 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.

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