AE Wealth Management LLC Purchases 4,664 Shares of Capital One Financial Corporation $COF

AE Wealth Management LLC grew its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 230.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,687 shares of the financial services provider’s stock after purchasing an additional 4,664 shares during the quarter. AE Wealth Management LLC’s holdings in Capital One Financial were worth $1,423,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of COF. Earned Wealth Advisors LLC purchased a new position in shares of Capital One Financial in the second quarter valued at $254,000. Plancorp LLC bought a new position in Capital One Financial in the 2nd quarter worth about $272,000. Private Advisor Group LLC grew its holdings in Capital One Financial by 15.3% during the 1st quarter. Private Advisor Group LLC now owns 9,904 shares of the financial services provider’s stock valued at $1,776,000 after buying an additional 1,312 shares in the last quarter. Smith Chas P & Associates PA Cpas grew its holdings in Capital One Financial by 1,490.0% during the 2nd quarter. Smith Chas P & Associates PA Cpas now owns 43,486 shares of the financial services provider’s stock valued at $9,252,000 after buying an additional 40,751 shares in the last quarter. Finally, Callodine Capital Management LP increased its position in shares of Capital One Financial by 200.0% during the first quarter. Callodine Capital Management LP now owns 150,000 shares of the financial services provider’s stock valued at $26,895,000 after buying an additional 100,000 shares during the period. Institutional investors own 89.84% of the company’s stock.

Insiders Place Their Bets

In related news, insider Neal Blinde sold 43,200 shares of Capital One Financial stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $221.83, for a total value of $9,583,056.00. Following the sale, the insider owned 73,020 shares in the company, valued at $16,198,026.60. The trade was a 37.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Timothy P. Golden sold 207 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total transaction of $44,589.87. Following the transaction, the chief accounting officer directly owned 8,780 shares in the company, valued at approximately $1,891,299.80. The trade was a 2.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 256,380 shares of company stock valued at $57,129,478 in the last 90 days. 1.26% of the stock is owned by corporate insiders.

Capital One Financial Stock Up 0.7%

Shares of NYSE COF opened at $222.34 on Thursday. The firm’s fifty day moving average is $219.11 and its 200 day moving average is $210.54. Capital One Financial Corporation has a 52 week low of $143.22 and a 52 week high of $232.45. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.45. The company has a market cap of $141.35 billion, a price-to-earnings ratio of 93.81, a PEG ratio of 0.70 and a beta of 1.19.

Capital One Financial (NYSE:COF) last announced its quarterly earnings results on Monday, November 3rd. The financial services provider reported $5.95 earnings per share (EPS) for the quarter. The business had revenue of $15.46 billion for the quarter. Capital One Financial had a net margin of 2.24% and a return on equity of 10.94%. On average, equities research analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Monday, November 17th. This is a positive change from Capital One Financial’s previous quarterly dividend of $0.60. Capital One Financial’s dividend payout ratio is currently 135.02%.

Wall Street Analyst Weigh In

COF has been the subject of a number of analyst reports. Rothschild & Co Redburn began coverage on shares of Capital One Financial in a research report on Friday, August 1st. They issued a “buy” rating and a $290.00 price objective for the company. Morgan Stanley raised their price target on shares of Capital One Financial from $267.00 to $272.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Citigroup upped their price target on shares of Capital One Financial from $275.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. HSBC lifted their price objective on Capital One Financial from $218.00 to $234.00 and gave the company a “hold” rating in a research note on Thursday, October 23rd. Finally, Robert W. Baird upped their target price on Capital One Financial from $245.00 to $270.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Four research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $261.63.

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.