Capital One Financial Co. (NYSE:COF) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC reduced its holdings in shares of Capital One Financial Co. (NYSE:COF) by 3.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,119 shares of the financial services provider’s stock after selling 597 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Capital One Financial were worth $2,549,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in COF. Norges Bank purchased a new position in Capital One Financial in the fourth quarter valued at approximately $409,831,000. Capital Research Global Investors grew its position in shares of Capital One Financial by 16.7% in the 4th quarter. Capital Research Global Investors now owns 12,227,848 shares of the financial services provider’s stock valued at $1,603,316,000 after buying an additional 1,745,545 shares during the last quarter. National Bank of Canada FI raised its stake in Capital One Financial by 443.1% during the 4th quarter. National Bank of Canada FI now owns 553,744 shares of the financial services provider’s stock worth $73,150,000 after acquiring an additional 451,789 shares in the last quarter. Panagora Asset Management Inc. lifted its position in Capital One Financial by 5,968.2% in the fourth quarter. Panagora Asset Management Inc. now owns 418,404 shares of the financial services provider’s stock valued at $54,861,000 after acquiring an additional 411,509 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in Capital One Financial in the fourth quarter valued at $46,268,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insider Transactions at Capital One Financial

In related news, insider Celia Karam sold 16,913 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $142.88, for a total value of $2,416,529.44. Following the sale, the insider now directly owns 47,081 shares of the company’s stock, valued at approximately $6,726,933.28. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Capital One Financial news, insider Celia Karam sold 16,913 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $142.88, for a total transaction of $2,416,529.44. Following the sale, the insider now owns 47,081 shares in the company, valued at approximately $6,726,933.28. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Timothy P. Golden sold 8,656 shares of the business’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $144.04, for a total value of $1,246,810.24. Following the completion of the transaction, the insider now directly owns 10,246 shares of the company’s stock, valued at $1,475,833.84. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on COF. BTIG Research began coverage on Capital One Financial in a report on Friday, June 7th. They issued a “neutral” rating for the company. Jefferies Financial Group upgraded shares of Capital One Financial from a “hold” rating to a “buy” rating and raised their target price for the stock from $145.00 to $165.00 in a research report on Thursday, June 6th. JPMorgan Chase & Co. upped their price target on shares of Capital One Financial from $134.00 to $152.00 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd. Wells Fargo & Company raised their price objective on shares of Capital One Financial from $160.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $159.00 target price on shares of Capital One Financial in a report on Wednesday, March 27th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $141.20.

Capital One Financial Stock Down 1.4 %

Shares of NYSE COF opened at $138.49 on Thursday. The stock has a market capitalization of $52.65 billion, a price-to-earnings ratio of 10.84, a price-to-earnings-growth ratio of 1.09 and a beta of 1.46. Capital One Financial Co. has a 52 week low of $88.23 and a 52 week high of $149.94. The firm has a 50-day moving average price of $139.51 and a 200 day moving average price of $137.34. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.86.

Capital One Financial (NYSE:COF) last posted its quarterly earnings results on Thursday, April 25th. The financial services provider reported $3.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.25 by ($0.04). Capital One Financial had a net margin of 10.19% and a return on equity of 9.74%. The company had revenue of $9.40 billion for the quarter, compared to analyst estimates of $9.35 billion. During the same quarter in the previous year, the business posted $2.31 earnings per share. Capital One Financial’s revenue was up 5.6% on a year-over-year basis. Equities research analysts anticipate that Capital One Financial Co. will post 13.31 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 13th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend was Friday, May 10th. Capital One Financial’s dividend payout ratio is currently 18.79%.

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.