Pictet Asset Management Holding SA Purchases 25,097 Shares of Capital One Financial Co. (NYSE:COF)

Pictet Asset Management Holding SA increased its position in Capital One Financial Co. (NYSE:COF - Free Report) by 12.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 227,943 shares of the financial services provider's stock after buying an additional 25,097 shares during the quarter. Pictet Asset Management Holding SA owned about 0.06% of Capital One Financial worth $40,647,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Bfsg LLC acquired a new stake in Capital One Financial in the 4th quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Capital One Financial in the 4th quarter worth approximately $27,000. TruNorth Capital Management LLC acquired a new stake in Capital One Financial during the fourth quarter valued at approximately $29,000. SBI Securities Co. Ltd. bought a new stake in Capital One Financial during the fourth quarter worth approximately $32,000. Finally, Decker Retirement Planning Inc. acquired a new stake in shares of Capital One Financial during the 4th quarter valued at $32,000. Institutional investors own 89.84% of the company's stock.

Analysts Set New Price Targets

COF has been the topic of several recent analyst reports. Wells Fargo & Company boosted their price objective on Capital One Financial from $185.00 to $210.00 and gave the stock an "overweight" rating in a report on Friday, January 3rd. Citigroup reduced their price target on shares of Capital One Financial from $245.00 to $230.00 and set a "buy" rating for the company in a research report on Monday, March 24th. UBS Group upgraded shares of Capital One Financial from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $168.00 to $235.00 in a research report on Monday, January 13th. Robert W. Baird upgraded Capital One Financial from a "neutral" rating to an "outperform" rating and increased their target price for the company from $190.00 to $200.00 in a report on Tuesday, March 11th. Finally, Argus raised Capital One Financial to a "strong-buy" rating in a research report on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $206.63.

Remove Ads

Capital One Financial Stock Up 2.3 %

COF traded up $4.05 during midday trading on Wednesday, hitting $182.27. 3,577,290 shares of the company's stock traded hands, compared to its average volume of 2,852,876. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $69.50 billion, a PE ratio of 15.73, a price-to-earnings-growth ratio of 1.19 and a beta of 1.47. Capital One Financial Co. has a one year low of $128.23 and a one year high of $210.67. The stock's fifty day simple moving average is $190.16 and its 200-day simple moving average is $178.50.

Capital One Financial (NYSE:COF - Get Free Report) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.31. The business had revenue of $10.19 billion during the quarter, compared to analyst estimates of $10.22 billion. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. Capital One Financial's quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.81 EPS. As a group, equities analysts anticipate that Capital One Financial Co. will post 15.65 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date was Tuesday, February 18th. Capital One Financial's dividend payout ratio is 20.71%.

Capital One Financial Profile

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.