AE Wealth Management LLC Has $363,000 Stock Position in Capital One Financial Corporation (NYSE:COF)

Key Points

• AE Wealth Management LLC significantly reduced its holdings in Capital One Financial by 89%, owning only 2,023 shares after selling 16,408 during the first quarter.
• The company reported earnings of $5.48 EPS for the quarter, exceeding analysts' expectations of $1.93, and had a year-over-year revenue increase of 31.4%.
• Capital One Financial will pay a quarterly dividend of $0.60 on September 2nd, reflecting a payout ratio of 123.08%.

AE Wealth Management LLC lowered its position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 89.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,023 shares of the financial services provider's stock after selling 16,408 shares during the quarter. AE Wealth Management LLC's holdings in Capital One Financial were worth $363,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lone Pine Capital LLC acquired a new stake in shares of Capital One Financial during the 4th quarter worth approximately $577,012,000. FMR LLC raised its position in shares of Capital One Financial by 21.6% during the 4th quarter. FMR LLC now owns 8,077,886 shares of the financial services provider's stock worth $1,440,449,000 after purchasing an additional 1,436,935 shares during the period. Meritage Group LP acquired a new stake in shares of Capital One Financial during the 4th quarter worth approximately $227,662,000. Invesco Ltd. raised its position in shares of Capital One Financial by 38.7% during the 4th quarter. Invesco Ltd. now owns 4,117,444 shares of the financial services provider's stock worth $734,223,000 after purchasing an additional 1,148,443 shares during the period. Finally, Marshall Wace LLP raised its position in shares of Capital One Financial by 376.1% during the 4th quarter. Marshall Wace LLP now owns 1,238,883 shares of the financial services provider's stock worth $220,918,000 after purchasing an additional 978,670 shares during the period. Institutional investors and hedge funds own 89.84% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on COF shares. Redburn Atlantic upgraded Capital One Financial to a "strong-buy" rating in a research report on Friday. Bank of America raised their target price on Capital One Financial from $223.00 to $233.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. JPMorgan Chase & Co. raised their target price on Capital One Financial from $245.00 to $248.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Wells Fargo & Company raised their target price on Capital One Financial from $225.00 to $265.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Finally, Rothschild & Co Redburn started coverage on Capital One Financial in a research report on Friday. They issued a "buy" rating and a $290.00 target price on the stock. Four research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, Capital One Financial presently has a consensus rating of "Moderate Buy" and an average target price of $238.81.

Capital One Financial Price Performance

Shares of COF stock traded down $7.53 during mid-day trading on Friday, hitting $207.47. 4,793,743 shares of the stock traded hands, compared to its average volume of 3,819,390. Capital One Financial Corporation has a twelve month low of $128.23 and a twelve month high of $232.45. The firm has a market cap of $79.49 billion, a price-to-earnings ratio of 106.40, a price-to-earnings-growth ratio of 0.82 and a beta of 1.16. The company's 50-day simple moving average is $206.91 and its 200-day simple moving average is $192.61. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02.

Capital One Financial (NYSE:COF - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.93 by $3.55. The company had revenue of $12.49 billion during the quarter, compared to analyst estimates of $12.72 billion. The business's revenue was up 31.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.14 earnings per share. As a group, equities research analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, August 15th. Capital One Financial's payout ratio is presently 123.08%.

Insider Buying and Selling

In related news, Director Ann F. Hackett sold 1,658 shares of Capital One Financial stock in a transaction on Monday, May 12th. The stock was sold at an average price of $198.70, for a total value of $329,444.60. Following the transaction, the director directly owned 56,244 shares in the company, valued at $11,175,682.80. The trade was a 2.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael Zamsky sold 9,560 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $199.40, for a total value of $1,906,264.00. Following the completion of the sale, the insider directly owned 20,089 shares of the company's stock, 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 have sold 21,332 shares of company stock worth $4,540,285 in the last three months. 1.26% of the stock is currently owned by insiders.

Capital One Financial Company 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.