Cibc World Market Adds $28M in Capital One Financial Corporation ($COF)
CIBC World Market raised its stake in Capital One Financial by nearly 88%, reaching 290,735 shares.
Key Points
- CIBC World Market boosted its stake in Capital One Financial by 136,030 shares, growing its position by 88% to 290,735 shares as of the latest 13F filing.
- Capital One Financial's stock trades around $194.62, with a market cap of $121.1 billion and a forward P/E ratio of 8.01.
- Multiple analysts maintain a 'buy' rating on Capital One, with price targets ranging from $213 to $273.
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CIBC World Market has significantly increased its stake in Capital One Financial Corporation (NYSE: COF), according to its latest Form 13F filing with the SEC. The firm added 136,030 shares during the reporting period, bringing its total holdings to 290,735 shares. This is an increase of nearly 88%, with the position now valued at approximately $56.6 million.
What Changed in CIBC World Market's Capital One Position
CIBC World Market's recent move reflects a substantial increase in its investment in Capital One Financial. Previously holding 154,705 shares, the firm boosted its stake by 136,030 shares, culminating in a total of 290,735 shares. This represents an 88% increase, indicating a growing interest in the financial services company.
Other Institutional Activity in Capital One
Several other institutional investors also made adjustments to their positions in Capital One. BlackRock, Inc. trimmed its holdings by 187,025 shares, now holding 50,818,226 shares valued at about $9.27 billion. Vanguard Capital Management LLC initiated a new position with 40,509,585 shares worth approximately $7.39 billion. State Street Corp reduced its stake by 319,424 shares, ending with 27,553,903 shares valued at $5.03 billion. Meanwhile, JPMorgan Chase & Co increased its holdings by 451,480 shares, bringing its total to 17,355,846 shares worth about $3.09 billion.
Capital One Financial Corporation Stock Down 6.2%
Shares of Capital One Financial (NYSE: COF) are trading near $194.62. The company has a market capitalization of $121.1 billion, with a forward P/E ratio of 8.01 and a beta of 1.037. The stock's 52-week range is between $174.24 and $259.64, with a 50-day moving average of $189.60 and a 200-day moving average of $210.02.
$COF stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Capital One Financial reported revenue of $36.31 billion, reflecting a growth rate of 46.3%. The company's earnings per share (EPS) stands at $3.25, with a net margin of 8.88% and a return on equity (ROE) of 3.26%. The next earnings release is scheduled for July 21, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
2 target cuts vs 1 raises.
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EPS & revenue
EPS missed estimates by 3.9%. Revenue beat estimates by 24.5%.
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Profit surprise
Operating income missed by 63 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
1 target raise, 2 target cuts.
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Earnings quality
Gross margin up 0.9 points. Operating margin up 1.1 points. Positive free cash flow.
Earnings Call Summary
Capital One reported stronger revenue than expected at $19.3 billion, driven by the Discover acquisition, though earnings per share of $4.42 missed the $4.61 consensus slightly. Credit quality remained strong with card charge-offs improving 109 basis points year-over-year to 5.1 percent and auto delinquencies improving 72 basis points. The company closed the Brex acquisition for about $4.5 billion in April and is investing to grow these new businesses while completing the Discover technology integration.
Guidance Capital One reaffirmed that earnings power after the Discover deal integration would match expectations from when the deal was announced, including Brex and travel business. They expect expense synergies to come mostly in the second half of 2026 and into 2027 as technology conversions complete. The company plans to continue investing heavily in growth opportunities including Brex, travel, and converting Discover customers onto Capital One platforms.
Very weak report. The release materially worsened the forward outlook.
Dividend
Capital One offers an annual dividend rate of $3.20 per share, yielding 1.64%. The company's dividend payout ratio is 86.12%.
Insider Buying and Selling at Capital One Financial Corporation
Recent insider activity at Capital One includes planned sales by General Counsel Matthew Cooper, who sold 3,500 shares at prices around $183 in early May. Chief Human Resources Officer Kaitlin Haggerty also sold shares, with transactions on May 12 and 13. Additionally, Michael Shepherd and Francois Locoh-Donou made unplanned purchases of 1,294 shares each on May 8.
Analysts Set New Price Targets
Analysts have maintained a positive outlook on Capital One. On April 23, 2026, Truist Securities maintained a 'buy' rating with a $255 target price. Barclays and BTIG also reiterated their 'buy' ratings with targets of $250 and $224, respectively. The consensus recommendation remains a 'buy', with an average target price of $254.67 based on 21 analyst opinions.
About Capital One Financial Corporation
Capital One Financial Corporation, based in McLean, Virginia, is a major player in the financial services sector, offering a range of products like credit cards, loans, and banking services. The company operates through segments focused on credit cards, consumer banking, and commercial banking, serving customers in the U.S., Canada, and the U.K. Led by CEO Richard D. Fairbank, Capital One employs about 77,100 people.
Bottom Line
CIBC World Market's significant increase in its Capital One Financial holdings highlights its confidence in the company. Investors often track these filings for insights into institutional sentiment. Remember, 13F filings are historical and may not reflect current positions.
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