Capital One Financial Corporation $COF Stock: Bank Julius Baer & Co. Ltd Zurich Raises Stake

Key Points

• Bank Julius Baer increased its Capital One stake by 8.5% in the third quarter, adding 32,676 shares to reach 415,178 shares valued at approximately $80.4 million.
• Institutional investors and hedge funds own 89.84% of COF, with State Street more than doubling its position and Wellington Management increasing its stake by 36.2%.
• Capital One exceeded quarterly expectations with $6.69 in EPS versus the $5.53 consensus and $16.31 billion in revenue; analysts maintain a “Moderate Buy” consensus with a $256.77 target price.

Bank Julius Baer & Co. Ltd Zurich increased its holdings in Capital One Financial Corporation (NYSE:COF - Free Report) by 8.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 415,178 shares of the financial services provider's stock after buying an additional 32,676 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned 0.07% of Capital One Financial worth $80,407,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of COF. State Street Corp boosted its holdings in Capital One Financial by 107.9% in the 2nd quarter. State Street Corp now owns 57,278,732 shares of the financial services provider's stock valued at $11,491,259,000 after purchasing an additional 29,724,829 shares in the last quarter. BlackRock Inc. boosted its stake in Capital One Financial by 0.5% during the 2nd quarter. BlackRock Inc. now owns 51,054,869 shares of the financial services provider's stock worth $10,242,628,000 after acquiring an additional 236,643 shares during the last quarter. Bank of America Corp DE acquired a new stake in shares of Capital One Financial in the 2nd quarter valued at approximately $1,435,311,000. Wellington Management Group LLP increased its position in shares of Capital One Financial by 36.2% in the second quarter. Wellington Management Group LLP now owns 7,108,112 shares of the financial services provider's stock worth $1,426,029,000 after purchasing an additional 1,887,497 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Capital One Financial by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 5,621,240 shares of the financial services provider's stock valued at $1,127,733,000 after purchasing an additional 187,532 shares in the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, General Counsel Matthew W. Cooper sold 3,500 shares of the company's stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $196.22, for a total value of $686,770.00. Following the completion of the transaction, the general counsel owned 79,694 shares in the company, valued at $15,637,556.68. This represents a 4.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Richard D. Fairbank sold 90,743 shares of the stock in a transaction that occurred on Tuesday, October 27th. The shares were sold at an average price of $202.86, for a total value of $18,408,124.98. Following the sale, the chief executive officer directly owned 4,018,520 shares of the company's stock, valued at approximately $815,196,967.20. This trade represents a 2.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 115,194 shares of company stock worth $23,546,209 in the last three months. 0.78% of the stock is owned by insiders.

Capital One Financial Price Performance

COF opened at $204.88 on Monday. Capital One Financial Corporation has a 12-month low of $174.24 and a 12-month high of $259.64. The company has a market capitalization of $125.69 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 0.93 and a beta of 1.04. The business's fifty day simple moving average is $204.67 and its 200-day simple moving average is $201.62. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.45.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $6.69 earnings per share for the quarter, topping the consensus estimate of $5.53 by $1.16. The business had revenue of $16.31 billion during the quarter, compared to the consensus estimate of $16.25 billion. Capital One Financial had a net margin of 13.70% and a return on equity of 11.64%. The company's revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.95 EPS. On average, equities research analysts anticipate that Capital One Financial Corporation will post 21.53 earnings per share for the current fiscal year.

Analyst Ratings Changes

COF has been the subject of a number of analyst reports. HSBC raised shares of Capital One Financial from a "hold" rating to a "buy" rating and raised their target price for the company from $226.00 to $229.00 in a research note on Sunday, July 12th. TD Cowen boosted their target price on shares of Capital One Financial from $242.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, October 21st. Morgan Stanley dropped their price objective on shares of Capital One Financial from $273.00 to $267.00 and set an "overweight" rating for the company in a research report on Monday, October 12th. Bank of America cut their target price on shares of Capital One Financial from $234.00 to $231.00 and set a "buy" rating for the company in a research report on Thursday, July 9th. Finally, Wolfe Research upped their target price on shares of Capital One Financial from $255.00 to $275.00 and gave the company an "outperform" rating in a research note on Tuesday, August 25th. Twenty investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Capital One Financial presently has a consensus rating of "Moderate Buy" and a consensus target price of $256.77.

About Capital One Financial

Capital One Financial Corporation is a diversified financial services company headquartered in McLean, Virginia. Founded in 1994, the company operates as a bank holding company through Capital One, N.A., providing financial products and services to consumers, small businesses and commercial customers.

Capital One is best known for its credit card business, which offers a range of consumer and business cards. Its other activities include consumer banking products such as checking and savings accounts, auto loans and retail banking services, as well as commercial banking services for businesses and institutions.

The company primarily serves customers in the United States through digital channels, branches and other distribution networks.

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