Capital One Financial Co. (NYSE:COF) is Palmer Knight Co’s 8th Largest Position

Palmer Knight Co lowered its position in Capital One Financial Co. (NYSE:COF) by 16.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 49,272 shares of the financial services provider’s stock after selling 9,786 shares during the period. Capital One Financial comprises approximately 3.9% of Palmer Knight Co’s holdings, making the stock its 8th largest position. Palmer Knight Co’s holdings in Capital One Financial were worth $8,786,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Decker Retirement Planning Inc. purchased a new stake in Capital One Financial in the fourth quarter valued at approximately $32,000. Catalyst Capital Advisors LLC purchased a new position in Capital One Financial in the third quarter worth $36,000. Creative Financial Designs Inc. ADV raised its position in Capital One Financial by 135.0% in the third quarter. Creative Financial Designs Inc. ADV now owns 289 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 166 shares in the last quarter. Eastern Bank purchased a new position in Capital One Financial in the third quarter worth $44,000. Finally, Prospera Private Wealth LLC acquired a new stake in Capital One Financial in the third quarter valued at $47,000. Hedge funds and other institutional investors own 89.84% of the company’s stock.

Insider Activity

In other news, insider Kara West sold 721 shares of Capital One Financial stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $184.73, for a total value of $133,190.33. Following the sale, the insider now directly owns 12,929 shares in the company, valued at $2,388,374.17. This trade represents a 5.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark Daniel Mouadeb sold 1,994 shares of Capital One Financial stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $162.37, for a total transaction of $323,765.78. Following the completion of the sale, the insider now owns 19,776 shares in the company, valued at $3,211,029.12. This trade represents a 9.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,256 shares of company stock valued at $2,462,487. 1.30% of the stock is currently owned by insiders.

Capital One Financial Price Performance

NYSE:COF opened at $204.19 on Thursday. The stock has a market cap of $77.84 billion, a P/E ratio of 17.62, a PEG ratio of 1.29 and a beta of 1.46. Capital One Financial Co. has a one year low of $128.23 and a one year high of $207.24. The company has a fifty day moving average price of $185.91 and a 200 day moving average price of $163.69. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 1.00.

Capital One Financial (NYSE:COF) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $3.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $0.31. The company had revenue of $10.19 billion during the quarter, compared to analysts’ expectations of $10.22 billion. Capital One Financial had a net margin of 9.46% and a return on equity of 9.45%. The business’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.81 EPS. Analysts anticipate that Capital One Financial Co. will post 15.22 earnings per share for the current year.

Capital One Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.18%. The ex-dividend date was Thursday, November 14th. Capital One Financial’s dividend payout ratio (DPR) is presently 20.71%.

Analyst Upgrades and Downgrades

COF has been the topic of several research reports. Robert W. Baird upped their target price on Capital One Financial from $145.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Evercore ISI increased their price target on shares of Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. increased their price objective on shares of Capital One Financial from $162.00 to $186.00 and gave the stock a “neutral” rating in a research report on Monday, December 9th. Wells Fargo & Company increased their price objective on shares of Capital One Financial from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. Finally, Hsbc Global Res raised shares of Capital One Financial from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 14th. Nine investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $196.31.

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.