AE Wealth Management LLC Invests $252,000 in Capital One Financial Corporation (COF)

AE Wealth Management LLC purchased a new position in Capital One Financial Corporation (NYSE:COF) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,974 shares of the financial services provider’s stock, valued at approximately $252,000.

Several other institutional investors and hedge funds also recently modified their holdings of COF. Davis Selected Advisers boosted its position in shares of Capital One Financial Corporation by 112.8% in the 2nd quarter. Davis Selected Advisers now owns 8,061,905 shares of the financial services provider’s stock worth $666,075,000 after purchasing an additional 4,274,053 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Capital One Financial Corporation by 107.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,989,104 shares of the financial services provider’s stock worth $164,340,000 after purchasing an additional 1,031,829 shares in the last quarter. Pzena Investment Management LLC boosted its position in shares of Capital One Financial Corporation by 28.1% in the 2nd quarter. Pzena Investment Management LLC now owns 4,041,646 shares of the financial services provider’s stock worth $333,921,000 after purchasing an additional 885,934 shares in the last quarter. Capital World Investors boosted its position in shares of Capital One Financial Corporation by 2.3% in the 2nd quarter. Capital World Investors now owns 38,396,005 shares of the financial services provider’s stock worth $3,172,278,000 after purchasing an additional 849,047 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Capital One Financial Corporation by 153.3% in the 2nd quarter. Renaissance Technologies LLC now owns 989,099 shares of the financial services provider’s stock worth $81,719,000 after purchasing an additional 598,600 shares in the last quarter. 86.77% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Capital One Financial Corporation (NYSE COF) traded down $0.32 during midday trading on Wednesday, reaching $87.95. 1,298,800 shares of the company’s stock traded hands, compared to its average volume of 2,628,353. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $42,788.37, a P/E ratio of 11.65, a P/E/G ratio of 1.32 and a beta of 1.30. Capital One Financial Corporation has a twelve month low of $76.05 and a twelve month high of $96.92.

Capital One Financial Corporation (NYSE:COF) last announced its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $2.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.15 by $0.27. The business had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $6.81 billion. Capital One Financial Corporation had a net margin of 13.34% and a return on equity of 8.25%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.03 earnings per share. research analysts predict that Capital One Financial Corporation will post 7.94 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Monday, November 13th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend is Friday, November 10th. Capital One Financial Corporation’s payout ratio is currently 22.63%.

In other news, Director Ann F. Hackett sold 11,055 shares of the firm’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $91.18, for a total transaction of $1,007,994.90. Following the transaction, the director now directly owns 69,066 shares of the company’s stock, valued at $6,297,437.88. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Michael Slocum sold 8,292 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $91.99, for a total transaction of $762,781.08. Following the transaction, the insider now directly owns 53,613 shares in the company, valued at $4,931,859.87. The disclosure for this sale can be found here. In the last three months, insiders sold 43,514 shares of company stock valued at $4,011,299. 1.73% of the stock is owned by insiders.

COF has been the topic of several analyst reports. Morgan Stanley cut Capital One Financial Corporation from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $97.00 to $83.00 in a research report on Friday, September 8th. Zacks Investment Research raised Capital One Financial Corporation from a “hold” rating to a “buy” rating and set a $102.00 price objective on the stock in a research report on Friday, October 27th. Robert W. Baird reaffirmed a “hold” rating and issued a $84.00 price objective on shares of Capital One Financial Corporation in a research report on Tuesday, September 5th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $106.00 price objective on shares of Capital One Financial Corporation in a research report on Friday, September 15th. Finally, Bank of America Corporation upped their price objective on Capital One Financial Corporation from $89.00 to $91.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $95.52.

About Capital One Financial Corporation

Capital One Financial Corporation is a diversified financial services holding company. The Company, along with its subsidiaries, offers a range of financial products and services to consumers, small businesses and commercial clients through branches, the Internet and other distribution channels. The Company’s segments include Credit Card, Consumer Banking, Commercial Banking and Other.

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Institutional Ownership by Quarter for Capital One Financial Corporation (NYSE:COF)

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