J. Safra Sarasin Holding AG Grows Stake in Capital One Financial Corporation $COF

J. Safra Sarasin Holding AG boosted its position in shares of Capital One Financial Corporation (NYSE:COF) by 33.0% in the third quarter, Holdings Channel reports. The fund owned 150,428 shares of the financial services provider’s stock after purchasing an additional 37,335 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Capital One Financial were worth $31,978,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Earned Wealth Advisors LLC bought a new position in Capital One Financial during the second quarter valued at approximately $254,000. Cortland Associates Inc. MO bought a new position in shares of Capital One Financial during the 3rd quarter valued at approximately $14,391,000. CIBC Asset Management Inc grew its holdings in shares of Capital One Financial by 53.9% in the second quarter. CIBC Asset Management Inc now owns 88,505 shares of the financial services provider’s stock valued at $18,830,000 after purchasing an additional 30,991 shares in the last quarter. Smith Chas P & Associates PA Cpas increased its position in Capital One Financial by 1,490.0% in the second quarter. Smith Chas P & Associates PA Cpas now owns 43,486 shares of the financial services provider’s stock worth $9,252,000 after purchasing an additional 40,751 shares during the last quarter. Finally, Montecito Bank & Trust bought a new stake in shares of Capital One Financial in the 3rd quarter worth about $647,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Capital One Financial

In other Capital One Financial news, insider Ravi Raghu sold 13,450 shares of Capital One Financial stock in a transaction on Monday, January 5th. The stock was sold at an average price of $250.00, for a total transaction of $3,362,500.00. Following the completion of the sale, the insider directly owned 30,337 shares of the company’s stock, valued at $7,584,250. The trade was a 30.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Frank G. LapradeIii sold 17,840 shares of the stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $222.03, for a total value of $3,961,015.20. Following the transaction, the insider directly owned 48,315 shares in the company, valued at $10,727,379.45. The trade was a 26.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 195,409 shares of company stock worth $43,756,821 over the last three months. Corporate insiders own 1.26% of the company’s stock.

Capital One Financial Stock Up 1.3%

Shares of COF opened at $220.21 on Tuesday. The firm has a fifty day moving average price of $233.60 and a 200-day moving average price of $223.40. 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 firm has a market capitalization of $139.99 billion, a P/E ratio of 74.39, a P/E/G ratio of 0.49 and a beta of 1.13. Capital One Financial Corporation has a 12-month low of $143.22 and a 12-month high of $259.64.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.28). The company had revenue of $15.62 billion for the quarter, compared to the consensus estimate of $15.49 billion. Capital One Financial had a net margin of 3.54% and a return on equity of 10.68%. The company’s quarterly revenue was up 53.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.67 EPS. Equities research analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.5%. This is an increase from Capital One Financial’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Monday, November 17th. Capital One Financial’s payout ratio is currently 108.11%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Morgan Stanley increased their price target on shares of Capital One Financial from $280.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Deutsche Bank Aktiengesellschaft lowered their price objective on Capital One Financial from $263.00 to $256.00 and set a “hold” rating for the company in a research note on Friday. BTIG Research decreased their price target on Capital One Financial from $308.00 to $270.00 and set a “buy” rating on the stock in a report on Friday. Evercore ISI reaffirmed an “outperform” rating and set a $290.00 price objective on shares of Capital One Financial in a research note on Tuesday, January 6th. Finally, UBS Group cut their price objective on shares of Capital One Financial from $270.00 to $266.00 and set a “buy” rating on the stock in a research report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $275.95.

About Capital One Financial

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.