Lafayette Investments Inc. Invests $311,000 in Capital One Financial Corporation (NYSE:COF)

Lafayette Investments Inc. acquired a new position in shares of Capital One Financial Corporation (NYSE:COF - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,734 shares of the financial services provider's stock, valued at approximately $311,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in COF. Kohmann Bosshard Financial Services LLC bought a new position in shares of Capital One Financial in the fourth quarter valued at about $27,000. SBI Securities Co. Ltd. bought a new position in shares of Capital One Financial in the fourth quarter worth about $32,000. Beacon Capital Management LLC lifted its position in shares of Capital One Financial by 118.3% during the first quarter. Beacon Capital Management LLC now owns 179 shares of the financial services provider's stock worth $32,000 after purchasing an additional 97 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in shares of Capital One Financial during the fourth quarter valued at approximately $41,000. Finally, Bernard Wealth Management Corp. acquired a new stake in shares of Capital One Financial in the first quarter valued at approximately $54,000. 89.84% of the stock is owned by institutional investors.

Capital One Financial Trading Up 1.1%

Shares of Capital One Financial stock traded up $2.25 during trading hours on Tuesday, hitting $215.01. The company's stock had a trading volume of 4,015,836 shares, compared to its average volume of 3,599,516. The company has a market capitalization of $82.38 billion, a PE ratio of 18.05, a price-to-earnings-growth ratio of 0.93 and a beta of 1.13. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.98 and a quick ratio of 0.97. The stock has a 50 day moving average of $193.15 and a 200 day moving average of $186.62. Capital One Financial Corporation has a 12 month low of $128.23 and a 12 month high of $216.78.

Capital One Financial (NYSE:COF - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The financial services provider reported $4.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.75 by $0.31. Capital One Financial had a return on equity of 9.63% and a net margin of 9.65%. The business had revenue of $10 billion during the quarter, compared to analysts' expectations of $10.07 billion. Analysts predict 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 Thursday, June 5th. Investors of record on Friday, May 23rd were issued a dividend of $0.60 per share. The ex-dividend date was Friday, May 23rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.12%. Capital One Financial's payout ratio is 20.15%.

Insider Transactions at Capital One Financial

In other Capital One Financial news, insider Michael Zamsky sold 9,560 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $199.40, for a total transaction of $1,906,264.00. Following the completion of the transaction, the insider owned 20,089 shares of the company's stock, valued at $4,005,746.60. This represents a 32.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ann F. Hackett sold 1,658 shares of Capital One Financial stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $198.70, for a total transaction of $329,444.60. Following the completion of the sale, the director owned 56,244 shares in the company, valued at $11,175,682.80. This trade represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have commented on the company. BTIG Research upgraded Capital One Financial from a "neutral" rating to a "buy" rating and set a $208.00 price objective on the stock in a research report on Tuesday, March 25th. Robert W. Baird upgraded Capital One Financial from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $190.00 to $200.00 in a research report on Tuesday, March 11th. Royal Bank Of Canada set a $190.00 target price on shares of Capital One Financial and gave the company a "sector perform" rating in a research report on Monday, April 14th. Baird R W raised shares of Capital One Financial from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 11th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Capital One Financial from $183.00 to $210.00 and gave the company a "neutral" rating in a report on Thursday, June 26th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $215.86.

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.