Pictet Asset Management Holding SA Has $40.65 Million Holdings in Capital One Financial Co. (NYSE:COF)

Pictet Asset Management Holding SA boosted its holdings in shares of Capital One Financial Co. (NYSE:COF) by 12.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 227,943 shares of the financial services provider’s stock after acquiring an additional 25,097 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Capital One Financial were worth $40,647,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of COF. Norges Bank bought a new stake in shares of Capital One Financial during the 4th quarter valued at about $590,279,000. Egerton Capital UK LLP purchased a new stake in Capital One Financial in the 4th quarter valued at $279,159,000. International Assets Investment Management LLC bought a new position in shares of Capital One Financial during the fourth quarter valued at about $130,683,000. Wellington Management Group LLP lifted its position in shares of Capital One Financial by 268.7% during the 3rd quarter. Wellington Management Group LLP now owns 975,439 shares of the financial services provider’s stock worth $146,052,000 after buying an additional 710,881 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Capital One Financial in the fourth quarter worth $115,091,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Argus upgraded shares of Capital One Financial to a “strong-buy” rating in a research note on Thursday, January 23rd. HSBC raised shares of Capital One Financial from a “reduce” rating to a “hold” rating and set a $176.00 price target on the stock in a report on Tuesday, January 14th. Robert W. Baird raised Capital One Financial from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $190.00 to $200.00 in a report on Tuesday, March 11th. Baird R W upgraded shares of Capital One Financial from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 11th. Finally, Citigroup cut their target price on shares of Capital One Financial from $245.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, March 24th. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $206.63.

Capital One Financial Price Performance

COF opened at $173.32 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The firm has a market cap of $66.09 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 1.19 and a beta of 1.47. The stock’s 50-day moving average price is $190.70 and its 200 day moving average price is $177.92. 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 quarterly earnings results on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share for the quarter, beating analysts’ consensus estimates of $2.78 by $0.31. The company had revenue of $10.19 billion for the quarter, compared to analysts’ expectations of $10.22 billion. Capital One Financial had a return on equity of 9.45% and a net margin of 9.46%. Capital One Financial’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period last year, the firm earned $2.81 earnings per share. As a group, sell-side analysts expect that Capital One Financial Co. will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.40 dividend on an annualized basis and a yield of 1.38%. Capital One Financial’s dividend payout ratio (DPR) is 20.71%.

Capital One Financial Company 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.