Banque Pictet & Cie SA Makes New $381,000 Investment in Capital One Financial Corporation (NYSE:COF)

Banque Pictet & Cie SA purchased a new stake in Capital One Financial Corporation (NYSE:COF - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 2,126 shares of the financial services provider's stock, valued at approximately $381,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its position in shares of Capital One Financial by 330.1% during the fourth quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider's stock worth $2,423,000 after purchasing an additional 10,428 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Capital One Financial during the fourth quarter worth about $32,000. Proficio Capital Partners LLC lifted its position in shares of Capital One Financial by 27.0% during the fourth quarter. Proficio Capital Partners LLC now owns 2,556 shares of the financial services provider's stock worth $456,000 after purchasing an additional 544 shares during the last quarter. Edgestream Partners L.P. bought a new position in shares of Capital One Financial during the fourth quarter worth about $633,000. Finally, Johnson Investment Counsel Inc. bought a new position in shares of Capital One Financial during the fourth quarter worth about $242,000. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Capital One Financial

In other Capital One Financial news, Director Ann F. Hackett sold 1,658 shares of Capital One Financial stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $198.70, for a total value of $329,444.60. Following the transaction, the director owned 56,244 shares in the company, valued at approximately $11,175,682.80. The trade was a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Zamsky sold 9,560 shares of Capital One Financial stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $199.40, for a total transaction of $1,906,264.00. Following the completion of the transaction, the insider owned 20,089 shares in the company, valued at approximately $4,005,746.60. This trade represents a 32.24% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company's stock.

Capital One Financial Price Performance

NYSE:COF traded up $0.97 during midday trading on Monday, hitting $220.76. 2,144,527 shares of the stock were exchanged, compared to its average volume of 3,626,233. Capital One Financial Corporation has a one year low of $128.23 and a one year high of $221.95. The company has a market capitalization of $84.58 billion, a price-to-earnings ratio of 18.54, a P/E/G ratio of 0.92 and a beta of 1.15. The business has a 50-day moving average price of $199.97 and a two-hundred day moving average price of $189.06. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.65.

Capital One Financial (NYSE:COF - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.75 by $0.31. The firm had revenue of $10 billion for the quarter, compared to analyst estimates of $10.07 billion. Capital One Financial had a net margin of 9.65% and a return on equity of 9.63%. Sell-side analysts predict that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Friday, May 23rd were given a $0.60 dividend. The ex-dividend date was Friday, May 23rd. This represents a $2.40 annualized dividend and a yield of 1.09%. Capital One Financial's dividend payout ratio (DPR) is 20.15%.

Analysts Set New Price Targets

Several brokerages have recently commented on COF. Citigroup reduced their price target on shares of Capital One Financial from $245.00 to $230.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. TD Cowen raised shares of Capital One Financial from a "hold" rating to a "buy" rating and raised their target price for the stock from $184.00 to $258.00 in a report on Tuesday, July 8th. Keefe, Bruyette & Woods raised their target price on shares of Capital One Financial from $232.00 to $248.00 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. BTIG Research raised shares of Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 target price on the stock in a report on Tuesday, March 25th. Finally, Wells Fargo & Company lifted their price target on Capital One Financial from $210.00 to $225.00 and gave the company an "overweight" rating in a report on Thursday, April 24th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Capital One Financial currently has an average rating of "Moderate Buy" and a consensus price target of $222.07.

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.