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

Pictet Asset Management Holding SA grew its holdings in shares of Capital One Financial Co. (NYSE:COF) by 12.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 227,943 shares of the financial services provider’s stock after purchasing 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 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of COF. Bfsg LLC bought a new position in Capital One Financial during the fourth quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Capital One Financial during the 4th quarter valued at about $27,000. TruNorth Capital Management LLC bought a new position in shares of Capital One Financial in the 4th quarter valued at approximately $29,000. Decker Retirement Planning Inc. acquired a new stake in Capital One Financial in the 4th quarter worth approximately $32,000. Finally, SBI Securities Co. Ltd. bought a new stake in Capital One Financial during the fourth quarter worth approximately $32,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. BTIG Research raised shares of Capital One Financial from a “neutral” rating to a “buy” rating and set a $208.00 price target on the stock in a research report on Tuesday, March 25th. Baird R W upgraded shares of Capital One Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 11th. Hsbc Global Res upgraded shares of Capital One Financial from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 14th. UBS Group upgraded 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 note on Monday, January 13th. Finally, 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 research note on Tuesday, March 11th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $206.63.

Capital One Financial Stock Performance

NYSE:COF opened at $173.32 on Monday. The firm has a 50-day moving average price of $190.70 and a 200 day moving average price of $177.92. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $66.09 billion, a PE ratio of 14.95, a price-to-earnings-growth ratio of 1.19 and a beta of 1.47. Capital One Financial Co. has a 12-month low of $128.23 and a 12-month high of $210.67.

Capital One Financial (NYSE:COF) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.78 by $0.31. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. The business had revenue of $10.19 billion during the quarter, compared to analysts’ expectations of $10.22 billion. During the same period in the prior year, the business earned $2.81 EPS. Capital One Financial’s revenue for the quarter was up 7.2% compared to the same quarter last year. Research 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 firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors 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 1.38%. The ex-dividend date of this dividend was Tuesday, February 18th. Capital One Financial’s payout ratio is presently 20.71%.

About Capital One Financial

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.