J. Safra Sarasin Holding AG Trims Position in Capital One Financial Corporation $COF

J. Safra Sarasin Holding AG decreased its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 8.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 137,441 shares of the financial services provider’s stock after selling 12,987 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Capital One Financial were worth $33,310,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp lifted its position in Capital One Financial by 63.4% during the second quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock worth $5,910,500,000 after buying an additional 10,776,843 shares during the period. Amundi boosted its stake in Capital One Financial by 321.6% in the 2nd quarter. Amundi now owns 3,108,512 shares of the financial services provider’s stock worth $680,174,000 after buying an additional 2,371,214 shares during the last quarter. Capital International Investors grew its holdings in Capital One Financial by 107.9% in the 3rd quarter. Capital International Investors now owns 4,040,408 shares of the financial services provider’s stock valued at $859,602,000 after buying an additional 2,097,208 shares during the period. Canada Pension Plan Investment Board grew its holdings in Capital One Financial by 619.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 2,325,208 shares of the financial services provider’s stock valued at $494,711,000 after buying an additional 2,002,093 shares during the period. Finally, Viking Global Investors LP increased its stake in shares of 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 during the last quarter. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Royal Bank Of Canada reiterated a “sector perform” rating and set a $275.00 price objective on shares of Capital One Financial in a report on Monday, January 12th. BTIG Research lowered their target price on shares of Capital One Financial from $308.00 to $270.00 and set a “buy” rating for the company in a report on Friday, January 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Capital One Financial in a research report on Friday. JPMorgan Chase & Co. increased their price target on shares of Capital One Financial from $237.00 to $256.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. Finally, HSBC lowered their price objective on shares of Capital One Financial from $234.00 to $226.00 and set a “hold” rating for the company in a research note on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Capital One Financial currently has an average rating of “Moderate Buy” and a consensus price target of $275.95.

Capital One Financial Stock Up 1.1%

Shares of NYSE:COF opened at $178.09 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.04 and a current ratio of 1.04. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $259.64. The stock has a market capitalization of $110.76 billion, a P/E ratio of 60.17, a PEG ratio of 0.53 and a beta of 1.14. The stock has a 50-day simple moving average of $201.88 and a 200-day simple moving average of $217.52.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $3.86 EPS for the quarter, missing the consensus estimate of $4.14 by ($0.28). The business had revenue of $15.62 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.67 EPS. Equities analysts forecast that Capital One Financial Corporation will post 15.65 earnings per share for the current 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 given a $0.80 dividend. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $3.20 annualized dividend and a dividend yield of 1.8%. Capital One Financial’s dividend payout ratio is presently 108.11%.

Insiders Place Their Bets

In related news, insider Neal Blinde sold 38,135 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $190.51, for a total transaction of $7,265,098.85. Following the completion of the sale, the insider directly owned 33,551 shares of the company’s stock, valued at approximately $6,391,801.01. This represents a 53.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jason P. Hanson sold 3,729 shares of the stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $205.00, for a total value of $764,445.00. Following the completion of the sale, the insider owned 40,230 shares of the company’s stock, valued at approximately $8,247,150. This represents a 8.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 67,933 shares of company stock worth $14,363,897. 1.26% of the stock is owned by company insiders.

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.