Capital One Financial Corporation $COF Shares Sold by Banque Pictet & Cie SA

Banque Pictet & Cie SA cut its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 6.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,992 shares of the financial services provider’s stock after selling 134 shares during the period. Banque Pictet & Cie SA’s holdings in Capital One Financial were worth $424,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in COF. WPG Advisers LLC acquired a new position in shares of Capital One Financial during the first quarter worth $25,000. Saudi Central Bank acquired a new position in shares of Capital One Financial in the 1st quarter valued at $27,000. Beacon Capital Management LLC increased its position in shares of Capital One Financial by 118.3% in the 1st quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 97 shares during the period. Physician Wealth Advisors Inc. increased its position in shares of Capital One Financial by 1,200.0% in the 2nd quarter. Physician Wealth Advisors Inc. now owns 156 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 144 shares during the period. Finally, Nova Wealth Management Inc. increased its position in shares of Capital One Financial by 629.6% in the 2nd quarter. Nova Wealth Management Inc. now owns 197 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 170 shares during the period. 89.84% of the stock is owned by institutional investors and hedge funds.

Capital One Financial Price Performance

NYSE:COF opened at $223.97 on Friday. Capital One Financial Corporation has a one year low of $143.22 and a one year high of $232.45. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market cap of $143.23 billion, a price-to-earnings ratio of 114.86, a PEG ratio of 0.86 and a beta of 1.17. The firm’s fifty day moving average is $219.28 and its two-hundred day moving average is $199.54.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, beating the consensus estimate of $1.93 by $3.55. The business had revenue of $12.49 billion during the quarter, compared to analysts’ expectations of $12.72 billion. During the same period in the previous year, the company posted $3.14 earnings per share. Capital One Financial’s revenue for the quarter was up 31.4% compared to the same quarter last year. Research analysts expect that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial’s dividend payout ratio is presently 123.08%.

Insider Activity

In other news, insider Robert M. Alexander sold 10,114 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the sale, the insider directly owned 68,707 shares of the company’s stock, valued at $15,655,577.02. This represents a 12.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael Zamsky sold 5,515 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the sale, the insider directly owned 27,364 shares in the company, valued at approximately $5,735,220.76. The trade was a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,298 shares of company stock valued at $4,679,844. Insiders own 1.26% of the company’s stock.

Wall Street Analysts Forecast Growth

COF has been the topic of several research reports. Rothschild & Co Redburn initiated coverage on Capital One Financial in a research report on Friday, August 1st. They issued a “buy” rating and a $290.00 target price on the stock. Barclays reissued an “overweight” rating and issued a $253.00 target price (up from $212.00) on shares of Capital One Financial in a research report on Monday, June 23rd. Redburn Atlantic raised Capital One Financial to a “strong-buy” rating in a research report on Friday, August 1st. Citigroup upped their target price on Capital One Financial from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Finally, TD Cowen raised Capital One Financial from a “hold” rating to a “buy” rating and upped their target price for the company from $184.00 to $258.00 in a research report on Tuesday, July 8th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $239.44.

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.