Linscomb Wealth Inc. Has $3.91 Million Stock Position in Capital One Financial Co. (NYSE:COF)

Linscomb Wealth Inc. cut its stake in shares of Capital One Financial Co. (NYSE:COF) by 3.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 26,094 shares of the financial services provider’s stock after selling 849 shares during the quarter. Linscomb Wealth Inc.’s holdings in Capital One Financial were worth $3,907,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its position in Capital One Financial by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 30,893,408 shares of the financial services provider’s stock valued at $4,599,720,000 after purchasing an additional 226,720 shares during the period. Capital Research Global Investors grew its stake in Capital One Financial by 72.8% during the first quarter. Capital Research Global Investors now owns 21,128,089 shares of the financial services provider’s stock valued at $3,145,761,000 after acquiring an additional 8,900,241 shares in the last quarter. Clearbridge Investments LLC lifted its stake in Capital One Financial by 5.5% in the 2nd quarter. Clearbridge Investments LLC now owns 3,663,439 shares of the financial services provider’s stock worth $507,203,000 after purchasing an additional 189,843 shares in the last quarter. Legal & General Group Plc boosted its holdings in Capital One Financial by 2.5% in the 2nd quarter. Legal & General Group Plc now owns 3,331,196 shares of the financial services provider’s stock valued at $461,204,000 after purchasing an additional 79,908 shares during the period. Finally, Janus Henderson Group PLC raised its position in shares of Capital One Financial by 0.5% in the first quarter. Janus Henderson Group PLC now owns 1,216,724 shares of the financial services provider’s stock worth $181,155,000 after buying an additional 5,473 shares in the last quarter. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

COF has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their price target on shares of Capital One Financial from $156.00 to $157.00 and gave the company a “neutral” rating in a research report on Monday, October 7th. Barclays lifted their price objective on Capital One Financial from $154.00 to $158.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Robert W. Baird boosted their target price on shares of Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Citigroup assumed coverage on Capital One Financial in a research report on Friday, September 20th. They issued a “buy” rating and a $190.00 price objective on the stock. Finally, Bank of America lifted their price objective on Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Eleven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $156.35.

Capital One Financial Price Performance

Shares of NYSE:COF traded up $0.83 on Friday, hitting $183.83. The company had a trading volume of 753,946 shares, compared to its average volume of 2,559,234. The company has a market cap of $70.13 billion, a PE ratio of 17.54, a PEG ratio of 1.38 and a beta of 1.43. Capital One Financial Co. has a 52-week low of $104.21 and a 52-week high of $198.30. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.78. The business has a 50 day moving average of $156.81 and a 200 day moving average of $146.06.

Capital One Financial (NYSE:COF) last issued its earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, topping the consensus estimate of $3.70 by $0.81. The company had revenue of $10 billion during the quarter, compared to the consensus estimate of $9.88 billion. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The company’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.45 earnings per share. As a group, equities analysts anticipate that Capital One Financial Co. will post 13.46 earnings per share for the current fiscal year.

Capital One Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, November 14th will be paid a dividend of $0.60 per share. The ex-dividend date is Thursday, November 14th. This represents a $2.40 annualized dividend and a yield of 1.31%. Capital One Financial’s dividend payout ratio (DPR) is 22.66%.

Insider Transactions at Capital One Financial

In other news, insider Michael Zamsky sold 10,541 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total transaction of $2,005,530.66. Following the completion of the sale, the insider now directly owns 26,482 shares of the company’s stock, valued at $5,038,465.32. This represents a 28.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Frank G. LapradeIii sold 15,751 shares of the stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $160.00, for a total value of $2,520,160.00. Following the completion of the sale, the insider now owns 44,711 shares of the company’s stock, valued at $7,153,760. The trade was a 26.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,007 shares of company stock worth $4,982,647. Insiders own 1.30% of the company’s stock.

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.