AE Wealth Management LLC sells 1,018 shares of Capital One Financial Co. (NYSE: COF)

AE Wealth Management LLC reduced its equity position by Capital One Financial Co. (NYSE: COF) by 4.2% in the first quarter, according to the company in its latest filing with the SEC. The institutional investor held 23,204 shares of the financial services provider after selling 1,018 shares during the quarter. AE Wealth Management LLC’s holdings in Capital One Financial were worth $3,046,000 at the end of the last quarter.

A number of other large investors have also recently increased or reduced their stake in COF. Carroll Financial Associates Inc. increased its stake in Capital One Financial by 11.7% during the 4th quarter. Carroll Financial Associates Inc. now owns 991 shares of the financial services provider worth $144,000 after buying 104 more shares in the last quarter. DNB Asset Management AS increased its stake in Capital One Financial by 5.5% during the 4th quarter. DNB Asset Management AS now owns 77,339 shares of the financial services provider valued at $11,221,000 after buying an additional 4,050 shares last quarter. Legacy Private Trust Co. increased its stake in Capital One Financial by 1.2% during the 4th quarter. Legacy Private Trust Co. now owns 20,806 shares of the financial services provider valued at $3,019,000 after buying 248 additional shares last quarter. Stonnington Group LLC purchased a new stake in Capital One Financial during Q4, valued at approximately $2,219,000. Finally, Diversified Trust Co increased its holding in shares of Capital One Financial by 15.1% during the 4th quarter. Diversified Trust Co now owns 8,368 shares of the financial services provider valued at $1,214,000 after acquiring an additional 1,099 shares in the last quarter. Institutional investors and hedge funds hold 89.31% of the company’s shares.

COF has been the subject of a number of recent analyst reports. BMO Capital Markets lowered its price target on shares of Capital One Financial from $200.00 to $188.00 and set a “buy” rating on the stock in a Wednesday, April 27 report. Citigroup raised its price target on Capital One Financial shares from $185.00 to $189.00 and gave the company a “buy” rating in a Thursday, March 24 report. Wells Fargo & Company lowered its price target on Capital One Financial shares from $180.00 to $165.00 and set an “overweight” rating on the stock in a Wednesday, April 6 report. Piper Sandler lowered its price target on Capital One Financial shares from $143.00 to $128.00 and set a “neutral” rating on the stock in a report released Wednesday. Finally, Robert W. Baird upgraded Capital One Financial shares from a “neutral” rating to an “outperforming” rating and set a price target of $145.00 on the stock in a Friday 17 report. June. One research analyst rated the stock with a sell rating, eight gave the company a hold rating and fourteen gave the company a buy rating. According to data from MarketBeat.com, Capital One Financial currently has a consensus rating of “Moderate Buy” and an average price target of $168.35.

Shares of NYSE: COF opened at $106.82 on Friday. The company has a debt ratio of 0.79, a current ratio of 0.95 and a quick ratio of 0.95. Capital One Financial Co. has a 1-year low of $98.54 and a 1-year high of $177.95. The company has a market capitalization of $41.99 billion, a P/E ratio of 4.20, a P/E/G ratio of 0.32 and a beta of 1.44. The company’s 50-day simple moving average is $118.22 and its two-hundred-day simple moving average is $134.84.

Capital One Financial (NYSE: COF – Get a rating) last released its quarterly results on Tuesday, April 26. The financial services provider reported earnings per share of $5.62 for the quarter, beating the consensus estimate of $5.39 by $0.23. Capital One Financial had a net margin of 34.71% and a return on equity of 18.66%. The company posted revenue of $8.17 billion for the quarter, versus a consensus estimate of $8.02 billion. In the same quarter a year earlier, the company had earned earnings per share of $7.03. The company’s revenue for the quarter increased 14.9% year over year. On average, sell-side analysts expect Capital One Financial Co. to post earnings per share of 20.14 for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, May 27. Shareholders of record on Monday, May 16 received a dividend of $0.60 per share. This represents an annualized dividend of $2.40 and a yield of 2.25%. The ex-dividend date was Friday, May 13. Capital One Financial’s dividend payout ratio is currently 9.44%.

In other news, Insider Sheldon Room sold 14,504 shares of Capital One Financial in a trade that took place on Thursday, May 26. The shares were sold at an average price of $125.00, for a total transaction of $1,813,000.00. Following the sale, the insider now owns 68,337 shares of the company, valued at $8,542,125. The transaction was disclosed in an SEC filing, available at this link. Insiders of the company own 1.27% of the shares of the company.

About Capital One Financial (Get a rating)

Capital One Financial Corporation operates as the financial services holding company for Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, Canada and the United Kingdom. It operates through three segments: Credit Cards, Consumer Banking and Business Banking.

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