Schwartz Investment Counsel Inc. Invests $202,000 in Capital One Financial Corporation $COF

Schwartz Investment Counsel Inc. bought a new position in shares of Capital One Financial Corporation (NYSE:COF) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 950 shares of the financial services provider’s stock, valued at approximately $202,000.

A number of other large investors have also recently made changes to their positions in the company. Jackson Thornton Wealth Management LLC purchased a new stake in shares of Capital One Financial during the second quarter worth approximately $261,000. Whittier Trust Co. of Nevada Inc. increased its stake in Capital One Financial by 4.9% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 41,043 shares of the financial services provider’s stock valued at $8,732,000 after purchasing an additional 1,921 shares during the last quarter. Whittier Trust Co. increased its stake in Capital One Financial by 17.7% in the second quarter. Whittier Trust Co. now owns 96,110 shares of the financial services provider’s stock valued at $20,448,000 after purchasing an additional 14,425 shares during the last quarter. Lafayette Investments Inc. increased its stake in Capital One Financial by 40.8% in the second quarter. Lafayette Investments Inc. now owns 2,442 shares of the financial services provider’s stock valued at $520,000 after purchasing an additional 708 shares during the last quarter. Finally, Klingman & Associates LLC purchased a new position in Capital One Financial in the second quarter valued at approximately $310,000. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Capital One Financial Price Performance

COF stock opened at $214.98 on Tuesday. The company has a market capitalization of $137.48 billion, a P/E ratio of 110.25, a PEG ratio of 0.76 and a beta of 1.18. Capital One Financial Corporation has a twelve month low of $143.22 and a twelve month high of $232.45. The business has a 50 day simple moving average of $219.15 and a 200-day simple moving average of $204.10. 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 (NYSE:COF) last issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 earnings per share for the quarter, topping the consensus estimate 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. During the same period in the prior year, the business earned $3.14 earnings per share. Capital One Financial’s revenue for the quarter was up 31.4% compared to the same quarter last year. As a group, equities analysts anticipate that Capital One Financial Corporation will post 15.65 EPS for the current year.

Capital One Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 15th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. Capital One Financial’s dividend payout ratio (DPR) is currently 123.08%.

Insider Buying and Selling

In related news, CAO Timothy P. Golden sold 207 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $215.41, for a total transaction of $44,589.87. Following the completion of the sale, the chief accounting officer directly owned 8,780 shares of the company’s stock, valued at $1,891,299.80. This trade represents a 2.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Michael Zamsky sold 5,515 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $209.59, for a total value of $1,155,888.85. Following the sale, the insider directly owned 27,364 shares of the company’s stock, valued at approximately $5,735,220.76. This represents a 16.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,298 shares of company stock valued at $5,103,824 in the last ninety days. Company insiders own 1.26% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on COF shares. Evercore ISI increased their price target on shares of Capital One Financial from $240.00 to $255.00 and gave the company an “outperform” rating in a research note on Tuesday, September 30th. Rothschild & Co Redburn started coverage on shares of Capital One Financial in a research note on Friday, August 1st. They issued a “buy” rating and a $290.00 price target on the stock. UBS Group dropped their price target on shares of Capital One Financial from $270.00 to $266.00 and set a “buy” rating on the stock in a research note on Tuesday, October 7th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Capital One Financial in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group dropped their price target on shares of Capital One Financial from $276.00 to $266.00 and set a “buy” rating on the stock in a research note on Friday, October 3rd. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Capital One Financial has a consensus rating of “Moderate Buy” and a consensus target price of $252.78.

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.