J. Safra Sarasin Holding AG Acquires 37,335 Shares of Capital One Financial Corporation $COF

J. Safra Sarasin Holding AG boosted its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 33.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 150,428 shares of the financial services provider’s stock after purchasing an additional 37,335 shares during the period. J. Safra Sarasin Holding AG’s holdings in Capital One Financial were worth $31,978,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Capital One Financial by 74.8% during the second quarter. Vanguard Group Inc. now owns 56,380,913 shares of the financial services provider’s stock valued at $11,995,603,000 after acquiring an additional 24,129,990 shares in the last quarter. State Street Corp increased its position in Capital One Financial by 63.4% during the 2nd quarter. State Street Corp now owns 27,780,128 shares of the financial services provider’s stock valued at $5,910,500,000 after purchasing an additional 10,776,843 shares during the period. Norges Bank purchased a new position in Capital One Financial during the 2nd quarter valued at $1,701,511,000. Geode Capital Management LLC raised its holdings in Capital One Financial by 64.1% in the 2nd quarter. Geode Capital Management LLC now owns 14,008,841 shares of the financial services provider’s stock worth $2,970,628,000 after purchasing an additional 5,474,328 shares in the last quarter. Finally, Boston Partners purchased a new stake in shares of Capital One Financial in the 2nd quarter worth about $534,777,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Capital One Financial Trading Up 1.3%

NYSE COF opened at $220.21 on Tuesday. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $259.64. 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 stock’s fifty day moving average price is $233.60 and its 200-day moving average price is $223.40. The stock has a market cap 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 (NYSE:COF) last announced its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $3.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.14 by ($0.28). The firm had revenue of $15.62 billion during the quarter, compared to the consensus estimate of $15.49 billion. Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.The business’s revenue for the quarter was up 53.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.67 EPS. As a group, equities analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend 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 108.11%.

Insider Buying and Selling

In related news, CEO Richard D. Fairbank sold 103,487 shares of the stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $220.68, for a total transaction of $22,837,511.16. Following the sale, the chief executive officer directly owned 4,001,228 shares of the company’s stock, valued at $882,990,995.04. This trade represents a 2.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Lia Dean sold 3,269 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $218.15, for a total value of $713,132.35. Following the completion of the transaction, the insider directly owned 69,855 shares of the company’s stock, valued at approximately $15,238,868.25. This trade represents a 4.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 195,409 shares of company stock worth $43,756,821 over the last 90 days. 1.26% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. BTIG Research reduced their price target on shares of Capital One Financial from $308.00 to $270.00 and set a “buy” rating on the stock in a research 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 report on Tuesday, January 6th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $275.00 target price on shares of Capital One Financial in a research report on Monday, January 12th. Jefferies Financial Group lifted their price target on Capital One Financial from $265.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. Finally, Keefe, Bruyette & Woods upped their price target on Capital One Financial from $260.00 to $290.00 and gave the stock an “outperform” rating in a research note on Friday, January 2nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Capital One Financial currently has an average rating of “Moderate Buy” and a consensus price target of $275.95.

Capital One Financial 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.