Lafayette Investments Inc. Has $520,000 Stake in Capital One Financial Corporation $COF

Lafayette Investments Inc. increased its position in shares of Capital One Financial Corporation (NYSE:COF) by 40.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,442 shares of the financial services provider’s stock after purchasing an additional 708 shares during the period. Lafayette Investments Inc.’s holdings in Capital One Financial were worth $520,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in COF. Brighton Jones LLC increased its position in Capital One Financial by 330.1% during the 4th quarter. Brighton Jones LLC now owns 13,587 shares of the financial services provider’s stock worth $2,423,000 after buying an additional 10,428 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Capital One Financial by 18.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 31,129 shares of the financial services provider’s stock valued at $5,582,000 after acquiring an additional 4,899 shares in the last quarter. Johnson Investment Counsel Inc. increased its position in Capital One Financial by 7.4% during the first quarter. Johnson Investment Counsel Inc. now owns 1,456 shares of the financial services provider’s stock worth $261,000 after acquiring an additional 100 shares during the period. PFG Investments LLC raised its stake in Capital One Financial by 18.1% in the 1st quarter. PFG Investments LLC now owns 1,644 shares of the financial services provider’s stock worth $295,000 after purchasing an additional 252 shares in the last quarter. Finally, Manning & Napier Advisors LLC bought a new stake in Capital One Financial in the 1st quarter valued at about $3,586,000. 89.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on COF. The Goldman Sachs Group lowered their target price on shares of Capital One Financial from $276.00 to $266.00 and set a “buy” rating on the stock in a report on Friday, October 3rd. TD Cowen upped their target price on Capital One Financial from $258.00 to $261.00 and gave the company a “buy” rating in a research report on Monday, October 6th. Deutsche Bank Aktiengesellschaft increased their target price on Capital One Financial from $215.00 to $224.00 and gave the stock a “hold” rating in a report on Thursday, October 2nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Capital One Financial in a research note on Wednesday, October 8th. Finally, Evercore ISI increased their price objective on shares of Capital One Financial from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 30th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $252.78.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Robert M. Alexander sold 10,114 shares of the business’s stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $227.86, for a total transaction of $2,304,576.04. Following the sale, the insider directly owned 68,707 shares of the company’s stock, valued at $15,655,577.02. The trade was a 12.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Timothy P. Golden sold 207 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $215.41, for a total transaction of $44,589.87. Following the completion of the transaction, the chief accounting officer owned 8,780 shares of the company’s stock, valued at approximately $1,891,299.80. This trade represents a 2.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,298 shares of company stock worth $5,103,824. Insiders own 1.26% of the company’s stock.

Capital One Financial Stock Up 1.7%

COF stock opened at $214.98 on Tuesday. The firm has a 50-day moving average price of $219.15 and a 200-day moving average price of $204.10. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $232.45. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $137.48 billion, a P/E ratio of 110.25, a price-to-earnings-growth ratio of 0.76 and a beta of 1.18.

Capital One Financial (NYSE:COF) last released its quarterly earnings data 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 company had revenue of $12.49 billion for the quarter, compared to analyst estimates of $12.72 billion. Capital One Financial’s revenue for the quarter was up 31.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.14 earnings per share. As a group, equities research analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Dividend Announcement

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

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.