Watershed Asset Management L.L.C. Acquires Shares of 2,410 Capital One Financial Co. (NYSE:COF)

Watershed Asset Management L.L.C. acquired a new position in shares of Capital One Financial Co. (NYSE:COF) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 2,410 shares of the financial services provider’s stock, valued at approximately $316,000. Capital One Financial accounts for about 0.4% of Watershed Asset Management L.L.C.’s portfolio, making the stock its 26th biggest position.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Householder Group Estate & Retirement Specialist LLC increased its stake in shares of Capital One Financial by 1,658.3% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 211 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 199 shares during the period. Bartlett & Co. LLC increased its position in Capital One Financial by 726.7% during the 4th quarter. Bartlett & Co. LLC now owns 248 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 218 shares during the period. Sound Income Strategies LLC raised its stake in shares of Capital One Financial by 109.4% during the 4th quarter. Sound Income Strategies LLC now owns 266 shares of the financial services provider’s stock worth $35,000 after buying an additional 139 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Capital One Financial by 66.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 393 shares of the financial services provider’s stock valued at $38,000 after buying an additional 157 shares during the period. Finally, MV Capital Management Inc. boosted its stake in shares of Capital One Financial by 43.9% in the fourth quarter. MV Capital Management Inc. now owns 344 shares of the financial services provider’s stock valued at $45,000 after buying an additional 105 shares in the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

COF has been the subject of a number of recent analyst reports. Evercore ISI raised their target price on Capital One Financial from $142.00 to $155.00 and gave the company an “in-line” rating in a report on Thursday, March 28th. Robert W. Baird downgraded shares of Capital One Financial from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $150.00 to $145.00 in a report on Monday, January 8th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $159.00 target price on shares of Capital One Financial in a report on Wednesday, March 27th. Wolfe Research raised Capital One Financial from a “peer perform” rating to an “outperform” rating and set a $189.00 price target on the stock in a research note on Thursday, April 4th. Finally, BMO Capital Markets raised their price objective on Capital One Financial from $124.00 to $125.00 and gave the company a “market perform” rating in a research note on Monday, January 29th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $137.05.

Capital One Financial Trading Up 0.4 %

Shares of Capital One Financial stock traded up $0.63 during trading hours on Tuesday, reaching $147.89. 2,503,006 shares of the company’s stock were exchanged, compared to its average volume of 2,680,885. The firm has a market capitalization of $56.25 billion, a price-to-earnings ratio of 12.38, a price-to-earnings-growth ratio of 1.02 and a beta of 1.48. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.85. Capital One Financial Co. has a 52-week low of $83.93 and a 52-week high of $149.94. The company has a fifty day moving average of $139.82 and a 200-day moving average of $125.28.

Capital One Financial (NYSE:COF) last issued its quarterly earnings results on Thursday, January 25th. The financial services provider reported $2.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.50 by ($0.26). Capital One Financial had a return on equity of 9.24% and a net margin of 9.88%. The business had revenue of $9.51 billion during the quarter, compared to analyst estimates of $9.45 billion. Sell-side analysts forecast that Capital One Financial Co. will post 13.84 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 12th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.62%. The ex-dividend date was Friday, February 9th. Capital One Financial’s dividend payout ratio (DPR) is 20.08%.

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.