Palmer Knight Co Trims Stake in Capital One Financial Co. (NYSE:COF)

Palmer Knight Co cut its holdings in Capital One Financial Co. (NYSE:COF) by 0.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 59,058 shares of the financial services provider’s stock after selling 195 shares during the quarter. Capital One Financial comprises 3.9% of Palmer Knight Co’s portfolio, making the stock its 5th largest position. Palmer Knight Co’s holdings in Capital One Financial were worth $8,843,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of COF. Advisory Alpha LLC bought a new position in Capital One Financial in the first quarter valued at approximately $254,000. Empirical Finance LLC raised its holdings in Capital One Financial by 3.3% in the first quarter. Empirical Finance LLC now owns 14,444 shares of the financial services provider’s stock worth $2,151,000 after purchasing an additional 467 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in Capital One Financial by 20.4% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 15,817 shares of the financial services provider’s stock worth $2,355,000 after purchasing an additional 2,675 shares during the period. AIA Group Ltd acquired a new stake in Capital One Financial in the first quarter worth $967,000. Finally, SG Americas Securities LLC raised its holdings in Capital One Financial by 236.2% in the first quarter. SG Americas Securities LLC now owns 55,323 shares of the financial services provider’s stock worth $8,237,000 after purchasing an additional 38,870 shares during the period. 89.84% of the stock is owned by institutional investors.

Insider Transactions at Capital One Financial

In other news, insider Mark Daniel Mouadeb sold 1,994 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $162.37, for a total transaction of $323,765.78. Following the transaction, the insider now directly owns 19,776 shares in the company, valued at $3,211,029.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Frank G. LapradeIii sold 15,751 shares of the company’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $160.00, for a total value of $2,520,160.00. Following the transaction, the insider now owns 44,711 shares in the company, valued at approximately $7,153,760. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark Daniel Mouadeb sold 1,994 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 19,776 shares in the company, valued at approximately $3,211,029.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Evercore ISI increased their target price on shares of Capital One Financial from $163.00 to $184.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Barclays increased their target price on shares of Capital One Financial from $154.00 to $158.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Citigroup assumed coverage on shares of Capital One Financial in a report on Friday, September 20th. They set a “buy” rating and a $190.00 price objective on the stock. JPMorgan Chase & Co. raised their price objective on shares of Capital One Financial from $156.00 to $157.00 and gave the stock a “neutral” rating in a report on Monday, October 7th. Finally, Robert W. Baird raised their price objective on shares of Capital One Financial from $145.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Eleven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $156.35.

Capital One Financial Stock Down 3.2 %

Capital One Financial stock opened at $184.81 on Friday. The company has a market cap of $70.51 billion, a P/E ratio of 17.45, a price-to-earnings-growth ratio of 1.22 and a beta of 1.43. Capital One Financial Co. has a 1-year low of $102.63 and a 1-year high of $198.30. The company has a fifty day simple moving average of $151.92 and a 200 day simple moving average of $144.43. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.78.

Capital One Financial (NYSE:COF) last released its earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, beating analysts’ consensus estimates of $3.70 by $0.81. The business had revenue of $10 billion during the quarter, compared to the consensus estimate of $9.88 billion. Capital One Financial had a net margin of 8.80% and a return on equity of 9.00%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm earned $4.45 earnings per share. Research analysts anticipate that Capital One Financial Co. will post 13.17 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $2.40 annualized dividend and a dividend yield of 1.30%. Capital One Financial’s dividend payout ratio is presently 22.66%.

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.