Linscomb Wealth Inc. Sells 650 Shares of Capital One Financial Corporation (NYSE:COF)

Linscomb Wealth Inc. lessened its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 2.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,732 shares of the financial services provider’s stock after selling 650 shares during the quarter. Linscomb Wealth Inc.’s holdings in Capital One Financial were worth $4,614,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in COF. Mirae Asset Global Investments Co. Ltd. grew its holdings in Capital One Financial by 18.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,882 shares of the financial services provider’s stock valued at $10,010,000 after buying an additional 9,374 shares in the last quarter. Creative Financial Designs Inc. ADV grew its holdings in Capital One Financial by 105.3% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 768 shares of the financial services provider’s stock valued at $138,000 after buying an additional 394 shares in the last quarter. 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. Mutual Advisors LLC purchased a new position in Capital One Financial during the 1st quarter valued at approximately $215,000. Finally, Lansforsakringar Fondforvaltning AB publ purchased a new position in Capital One Financial during the 4th quarter valued at approximately $91,780,000. Institutional investors own 89.84% of the company’s stock.

Capital One Financial Price Performance

Shares of COF stock opened at $208.32 on Monday. Capital One Financial Corporation has a 52-week low of $131.55 and a 52-week high of $232.45. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $133.22 billion, a P/E ratio of 106.83, a P/E/G ratio of 0.82 and a beta of 1.16. The stock has a 50 day moving average price of $208.99 and a 200 day moving average price of $193.15.

Capital One Financial (NYSE:COF) last issued its quarterly 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 business had revenue of $12.49 billion for the quarter, compared to the consensus estimate of $12.72 billion. During the same period in the prior year, the business posted $3.14 earnings per share. Capital One Financial’s revenue was up 31.4% on a year-over-year basis. As a group, sell-side analysts predict that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $2.40 dividend on an annualized basis and a yield of 1.2%. Capital One Financial’s payout ratio is 123.08%.

Analyst Ratings Changes

Several equities analysts have weighed in on COF shares. Citigroup raised their price target on Capital One Financial from $250.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Bank of America raised their price target on Capital One Financial from $223.00 to $233.00 and gave the company a “buy” rating in a report on Wednesday, May 21st. Wall Street Zen lowered Capital One Financial from a “buy” rating to a “hold” rating in a research note on Saturday. Wells Fargo & Company raised their price objective on Capital One Financial from $225.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. Finally, Redburn Atlantic raised Capital One Financial to a “strong-buy” rating in a research note on Friday, August 1st. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $238.81.

Insiders Place Their Bets

In other Capital One Financial news, insider Michael Zamsky sold 5,515 shares of Capital One Financial stock in a transaction on Monday, August 4th. The stock was sold at an average price of $209.59, for a total transaction of $1,155,888.85. Following the completion of the sale, the insider directly owned 27,364 shares of the company’s stock, valued at $5,735,220.76. The trade was a 16.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Robert M. Alexander sold 10,114 shares of Capital One Financial stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total value of $2,304,576.04. Following the sale, the insider directly owned 68,707 shares of the company’s stock, valued at approximately $15,655,577.02. This trade represents a 12.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

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.