Wealthfront Advisers 13F: Adds $16M to COF Stake

Wealthfront Advisers has boosted its stake in Capital One Financial Corporation (NYSE: COF) by 76.65%, according to its latest 13F filing with the SEC. The firm added 82,115 shares, bringing its total holdings to 189,244 shares, valued at approximately $37.97 million. This filing reflects Wealthfront's position as of May 5, 2026.

This increase follows a previous holding of 107,129 shares. The added shares represent a significant commitment to Capital One, showing Wealthfront's confidence in the company's future prospects.

In the same quarter, other funds have also made moves in Capital One. Danske Bank A took a new position, acquiring 349,681 shares valued at $70.2 million. This suggests that institutional interest in Capital One is strong, with multiple players looking to increase their stakes.

Capital One's stock closed at $200.62 on May 5, 2026, just below its 52-week high of $259.64. The stock has been trading relatively close to its 200-day moving average of $203.52. The current P/E ratio stands at 12.77, which indicates it is trading at a reasonable valuation in relation to its earnings.

On the earnings front, Capital One reported revenue of $48.11 billion, with a revenue growth of 11.11% year-over-year. The next earnings report is scheduled for October 20, 2026, which investors will be watching closely.

Wealthfront's recent activity isn't isolated. On the same day, the firm also significantly increased its stake in CVS Health Corporation and boosted its position in Corning Incorporated by 172%. This suggests a strategic expansion across various sectors.

Analysts remain optimistic about Capital One's performance. On October 12, 2026, JP Morgan maintained an Overweight rating with a price target of $227, while Morgan Stanley also kept an Overweight rating with a target of $267. Other firms like TD Cowen and Barclays have similar positive stances, indicating a consensus that Capital One is well-positioned for continued growth.

Capital One Financial Corporation is a major player in the financial services sector, offering a wide range of products, including credit cards and various banking services. The boost in Wealthfront's stake highlights growing confidence in its business model and market position.

Looking ahead, investors will be keen to see how Capital One performs in its upcoming earnings report, as well as any further filings from institutional investors that could indicate shifts in market sentiment. The latest 13F filing reflects past holdings and may not represent current positions, so future trades will be crucial to watch.