Pictet Asset Management Holding SA Has $84.88 Million Holdings in Capital One Financial Corporation $COF

Pictet Asset Management Holding SA raised its position in shares of Capital One Financial Corporation (NYSE:COF) by 26.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 465,375 shares of the financial services provider’s stock after acquiring an additional 97,751 shares during the period. Pictet Asset Management Holding SA’s holdings in Capital One Financial were worth $84,879,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cambient Family Office LLC increased its position in Capital One Financial by 18.8% during the 1st quarter. Cambient Family Office LLC now owns 2,270 shares of the financial services provider’s stock worth $414,000 after buying an additional 360 shares during the period. Rooted Wealth Advisors Inc. bought a new position in Capital One Financial during the first quarter worth about $218,000. River Street Advisors LLC raised its stake in Capital One Financial by 3.4% in the 1st quarter. River Street Advisors LLC now owns 9,458 shares of the financial services provider’s stock worth $1,725,000 after purchasing an additional 311 shares in the last quarter. Crown Wealth Group LLC boosted its holdings in Capital One Financial by 11.6% in the 1st quarter. Crown Wealth Group LLC now owns 1,437 shares of the financial services provider’s stock valued at $262,000 after purchasing an additional 149 shares during the period. Finally, VCI Wealth Management LLC grew its position in shares of Capital One Financial by 3.5% during the 1st quarter. VCI Wealth Management LLC now owns 9,132 shares of the financial services provider’s stock worth $1,666,000 after purchasing an additional 306 shares in the last quarter. Institutional investors and hedge funds own 89.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on COF shares. Morgan Stanley lowered their target price on shares of Capital One Financial from $300.00 to $273.00 and set an “overweight” rating on the stock in a report on Thursday, April 16th. Piper Sandler assumed coverage on Capital One Financial in a research report on Monday. They set an “overweight” rating and a $254.00 price target on the stock. The Goldman Sachs Group lowered their price objective on Capital One Financial from $300.00 to $260.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. UBS Group cut their target price on Capital One Financial from $283.00 to $270.00 in a research report on Wednesday, May 6th. Finally, Wells Fargo & Company reduced their target price on Capital One Financial from $280.00 to $260.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Eighteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Capital One Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $258.52.

Insider Activity at Capital One Financial

In related news, insider Celia Karam sold 1,749 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $192.58, for a total transaction of $336,822.42. Following the sale, the insider owned 61,579 shares of the company’s stock, valued at $11,858,883.82. This trade represents a 2.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Matthew W. Cooper sold 3,500 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $183.93, for a total value of $643,755.00. Following the sale, the general counsel owned 97,194 shares in the company, valued at $17,876,892.42. This represents a 3.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 8,040 shares of company stock valued at $1,498,615 in the last 90 days. 0.78% of the stock is owned by corporate insiders.

Capital One Financial Price Performance

COF stock opened at $202.07 on Tuesday. The stock has a market cap of $125.74 billion, a price-to-earnings ratio of 70.90, a P/E/G ratio of 0.73 and a beta of 1.03. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.03 and a quick ratio of 1.03. The company has a 50 day simple moving average of $191.11 and a 200 day simple moving average of $205.58. Capital One Financial Corporation has a 1 year low of $174.24 and a 1 year high of $259.64.

Capital One Financial (NYSE:COF) last issued its earnings results on Tuesday, April 21st. The financial services provider reported $4.42 earnings per share for the quarter, missing analysts’ consensus estimates of $5.08 by ($0.66). The company had revenue of $15.23 billion during the quarter, compared to analyst estimates of $15.68 billion. Capital One Financial had a net margin of 4.29% and a return on equity of 10.59%. The business’s quarterly revenue was up 52.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.06 EPS. Research analysts anticipate that Capital One Financial Corporation will post 19.51 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 19th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Tuesday, May 19th. Capital One Financial’s dividend payout ratio is presently 112.28%.

Capital One Financial Company Profile

Capital One Financial Corporation (NYSE: COF) is a diversified bank holding company headquartered in McLean, Virginia. The company’s core businesses include credit card lending, consumer and commercial banking, and auto finance. Capital One issues a wide range of credit card products for consumers and small businesses, and it operates deposit and digital banking services aimed at retail customers and small to midsize enterprises.

Products and services include credit and charge cards, checking and savings accounts (including the online-focused Capital One 360 platform), auto loans, and commercial lending solutions.