Watershed Asset Management L.L.C. Makes New Investment in Capital One Financial Co. (NYSE:COF)

Watershed Asset Management L.L.C. acquired a new stake in shares of Capital One Financial Co. (NYSE:COF) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,410 shares of the financial services provider’s stock, valued at approximately $316,000. Capital One Financial comprises about 0.4% of Watershed Asset Management L.L.C.’s portfolio, making the stock its 26th largest holding.

Several other large investors have also modified their holdings of the stock. Comerica Bank boosted its position in shares of Capital One Financial by 158.7% in the 3rd quarter. Comerica Bank now owns 87,852 shares of the financial services provider’s stock valued at $8,526,000 after purchasing an additional 53,894 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Capital One Financial by 1.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,498,413 shares of the financial services provider’s stock worth $242,471,000 after buying an additional 40,585 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Capital One Financial by 15.2% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 76,695 shares of the financial services provider’s stock worth $7,443,000 after acquiring an additional 10,107 shares in the last quarter. Rafferty Asset Management LLC raised its holdings in shares of Capital One Financial by 4.3% during the third quarter. Rafferty Asset Management LLC now owns 131,964 shares of the financial services provider’s stock valued at $12,807,000 after acquiring an additional 5,439 shares during the period. Finally, Mariner LLC lifted its position in shares of Capital One Financial by 3.5% in the 3rd quarter. Mariner LLC now owns 65,596 shares of the financial services provider’s stock valued at $6,366,000 after acquiring an additional 2,228 shares in the last quarter. 89.84% of the stock is owned by institutional investors.

Capital One Financial Stock Up 0.4 %

Shares of COF stock traded up $0.63 on Tuesday, hitting $147.89. The company’s stock had a trading volume of 2,503,006 shares, compared to its average volume of 2,680,885. The stock has a market capitalization of $56.25 billion, a price-to-earnings ratio of 12.38, a P/E/G ratio of 1.02 and a beta of 1.48. Capital One Financial Co. has a fifty-two week low of $83.93 and a fifty-two week high of $149.94. The firm’s fifty day moving average price is $139.82 and its 200-day moving average price is $125.28. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.01 and a quick ratio of 1.01.

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

Capital One Financial Announces Dividend

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

Analysts Set New Price Targets

Several research firms have weighed in on COF. Robert W. Baird cut shares of Capital One Financial from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $150.00 to $145.00 in a research report on Monday, January 8th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $159.00 price objective on shares of Capital One Financial in a research note on Wednesday, March 27th. JPMorgan Chase & Co. raised their price objective on Capital One Financial from $134.00 to $152.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft initiated coverage on Capital One Financial in a report on Wednesday, January 10th. They issued a “hold” rating and a $153.00 target price on the stock. Finally, Wells Fargo & Company raised their price target on shares of Capital One Financial from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Capital One Financial has a consensus rating of “Hold” and a consensus target price of $137.05.

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.