Lincoln Capital LLC Makes New $221,000 Investment in Capital One Financial Corporation $COF

Lincoln Capital LLC purchased a new position in Capital One Financial Corporation (NYSE:COF) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,041 shares of the financial services provider’s stock, valued at approximately $221,000.

Several other large investors have also added to or reduced their stakes in COF. BTC Capital Management Inc. purchased a new position in Capital One Financial during the 2nd quarter valued at $6,332,000. Meriwether Wealth & Planning LLC purchased a new position in shares of Capital One Financial during the second quarter valued at about $211,000. First PREMIER Bank raised its stake in Capital One Financial by 12.9% in the second quarter. First PREMIER Bank now owns 3,160 shares of the financial services provider’s stock worth $672,000 after buying an additional 361 shares in the last quarter. Kaufman Rossin Wealth LLC purchased a new stake in Capital One Financial in the second quarter worth about $255,000. Finally, Farther Finance Advisors LLC lifted its holdings in Capital One Financial by 88.3% in the second quarter. Farther Finance Advisors LLC now owns 7,566 shares of the financial services provider’s stock worth $1,610,000 after buying an additional 3,548 shares during the period. Institutional investors own 89.84% of the company’s stock.

Insider Buying and Selling

In other Capital One Financial news, insider Michael Zamsky sold 5,515 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $209.59, for a total value of $1,155,888.85. Following the completion of the transaction, the insider directly owned 27,364 shares in the company, valued at $5,735,220.76. This represents a 16.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Timothy P. Golden sold 3,462 shares of the firm’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $210.28, for a total transaction of $727,989.36. Following the sale, the chief accounting officer owned 8,987 shares in the company, valued at $1,889,786.36. The trade was a 27.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,298 shares of company stock valued at $4,679,844. Insiders own 1.26% of the company’s stock.

Capital One Financial Stock Down 0.7%

Shares of COF stock opened at $228.13 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $232.45. The stock has a market cap of $145.89 billion, a P/E ratio of 116.99, a P/E/G ratio of 0.88 and a beta of 1.17. The company has a 50 day simple moving average of $218.68 and a two-hundred day simple moving average of $197.67.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share (EPS) for the quarter, beating 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 previous year, the firm earned $3.14 EPS. The company’s revenue was up 31.4% on a year-over-year basis. On average, research analysts expect that Capital One Financial Corporation will post 15.65 earnings per share for the current year.

Capital One Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, August 15th. Capital One Financial’s payout ratio is presently 123.08%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Wells Fargo & Company upped their target price on Capital One Financial from $225.00 to $265.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. TD Cowen raised Capital One Financial from a “hold” rating to a “buy” rating and upped their price target for the stock from $184.00 to $258.00 in a research note on Tuesday, July 8th. Citigroup raised their price objective on Capital One Financial from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Truist Financial boosted their target price on shares of Capital One Financial from $260.00 to $270.00 and gave the company a “buy” rating in a report on Friday, September 12th. Finally, Barclays reiterated an “overweight” rating and issued a $253.00 price target (up from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $239.44.

Capital One Financial 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.