Swiss National Bank Cuts Stock Position in Capital One Financial Corporation $COF

Key Points

• The Swiss National Bank trimmed its Capital One stake by 4.7% in Q3, selling 90,200 shares and now holding 1,845,316 shares (about 0.29% of the company) worth roughly $392.3 million.
• Significant insider selling occurred recently—insiders disposed of 67,933 shares last quarter (about $14.36 million), including sales by Celia Karam and Ravi Raghu—while institutional investors own roughly 89.84% of the stock.
• Analysts remain mostly positive with a consensus rating of Moderate Buy and a consensus target of $274.70, versus a recent share price near $187.50; the company pays an annualized dividend of $3.20 (yield ~1.7%).

Swiss National Bank lessened its holdings in Capital One Financial Corporation (NYSE:COF) by 4.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,845,316 shares of the financial services provider's stock after selling 90,200 shares during the quarter. Swiss National Bank owned 0.29% of Capital One Financial worth $392,277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in COF. Brighton Jones LLC increased its holdings in Capital One Financial by 330.1% during the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider's stock worth $2,423,000 after buying an additional 10,428 shares during the last quarter. Intech Investment Management LLC lifted its holdings in Capital One Financial by 44.3% during the first quarter. Intech Investment Management LLC now owns 8,968 shares of the financial services provider's stock valued at $1,608,000 after purchasing an additional 2,753 shares during the last quarter. Sivia Capital Partners LLC grew its stake in Capital One Financial by 118.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,300 shares of the financial services provider's stock valued at $702,000 after buying an additional 1,788 shares in the last quarter. Modera Wealth Management LLC grew its position in shares of Capital One Financial by 94.1% in the second quarter. Modera Wealth Management LLC now owns 5,399 shares of the financial services provider's stock valued at $1,149,000 after purchasing an additional 2,617 shares in the last quarter. Finally, Bryn Mawr Trust Advisors LLC grew its holdings in Capital One Financial by 43.1% during the 2nd quarter. Bryn Mawr Trust Advisors LLC now owns 1,693 shares of the financial services provider's stock valued at $360,000 after buying an additional 510 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Celia Karam sold 2,108 shares of the company's stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $218.25, for a total transaction of $460,071.00. Following the transaction, the insider directly owned 59,269 shares of the company's stock, valued at $12,935,459.25. This represents a 3.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Ravi Raghu sold 13,450 shares of the company's stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $250.00, for a total transaction of $3,362,500.00. Following the transaction, the insider owned 30,337 shares in the company, valued at $7,584,250. The trade was a 30.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 67,933 shares of company stock valued at $14,363,897. 1.26% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Jefferies Financial Group raised their price target on Capital One Financial from $265.00 to $275.00 and gave the company a "buy" rating in a report on Wednesday, December 10th. Citigroup boosted their target price on Capital One Financial from $290.00 to $310.00 and gave the company a "buy" rating in a research note on Wednesday, December 31st. Truist Financial lowered their price objective on shares of Capital One Financial from $290.00 to $275.00 and set a "buy" rating for the company in a research note on Monday, January 26th. JPMorgan Chase & Co. lifted their target price on shares of Capital One Financial from $237.00 to $256.00 and gave the company a "neutral" rating in a research note on Monday, January 12th. Finally, TD Cowen reissued a "buy" rating on shares of Capital One Financial in a research note on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $274.70.

Capital One Financial Trading Down 3.5%

Shares of COF opened at $187.51 on Monday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market cap of $116.62 billion, a P/E ratio of 63.35, a price-to-earnings-growth ratio of 0.56 and a beta of 1.14. Capital One Financial Corporation has a 1 year low of $143.22 and a 1 year high of $259.64. The company has a 50 day simple moving average of $221.87 and a two-hundred day simple moving average of $222.21.

Capital One Financial (NYSE:COF - Get Free Report) last issued its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $3.86 EPS for the quarter, missing analysts' consensus estimates of $4.14 by ($0.28). Capital One Financial had a return on equity of 10.68% and a net margin of 3.54%.During the same quarter in the previous year, the firm earned $2.67 earnings per share. The company's revenue for the quarter was up 53.3% compared to the same quarter last year. On average, equities analysts expect that Capital One Financial Corporation will post 15.65 earnings per share 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. Investors of record on Thursday, February 19th were paid a $0.80 dividend. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $3.20 dividend on an annualized basis and a yield of 1.7%. Capital One Financial's dividend payout ratio is 108.11%.

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.

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