Capital One Financial Co. (NYSE:COF) is Palmer Knight Co’s 6th Largest Position

Palmer Knight Co raised its position in shares of Capital One Financial Co. (NYSE:COF) by 0.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 59,253 shares of the financial services provider’s stock after buying an additional 210 shares during the quarter. Capital One Financial comprises about 3.9% of Palmer Knight Co’s investment portfolio, making the stock its 6th largest holding. Palmer Knight Co’s holdings in Capital One Financial were worth $8,204,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Silicon Valley Capital Partners purchased a new position in shares of Capital One Financial in the 1st quarter valued at approximately $25,000. LRI Investments LLC purchased a new position in shares of Capital One Financial in the 1st quarter valued at approximately $25,000. Hobbs Group Advisors LLC purchased a new position in shares of Capital One Financial in the 2nd quarter valued at approximately $29,000. Bartlett & CO. Wealth Management LLC raised its position in shares of Capital One Financial by 726.7% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 248 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 218 shares during the last quarter. Finally, Rise Advisors LLC purchased a new position in shares of Capital One Financial in the 1st quarter valued at approximately $33,000. 89.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Capital One Financial

In other Capital One Financial news, CEO Kevin S. Borgmann sold 61,532 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total value of $8,175,141.52. Following the transaction, the chief executive officer now owns 40,934 shares in the company, valued at approximately $5,438,491.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Kevin S. Borgmann sold 61,532 shares of Capital One Financial stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $132.86, for a total transaction of $8,175,141.52. Following the transaction, the chief executive officer now owns 40,934 shares in the company, valued at approximately $5,438,491.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Robert M. Alexander sold 30,742 shares of Capital One Financial stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $150.00, for a total value of $4,611,300.00. Following the transaction, the insider now owns 73,734 shares in the company, valued at approximately $11,060,100. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

Capital One Financial Price Performance

Capital One Financial stock traded up $2.48 during trading on Friday, reaching $144.57. The company had a trading volume of 254,921 shares, compared to its average volume of 2,454,984. The firm’s 50-day simple moving average is $141.53 and its 200 day simple moving average is $140.39. Capital One Financial Co. has a 1-year low of $88.23 and a 1-year high of $153.35. The firm has a market capitalization of $54.97 billion, a PE ratio of 11.13, a price-to-earnings-growth ratio of 1.16 and a beta of 1.45. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.00 and a current ratio of 1.00.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $3.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.14). Capital One Financial had a net margin of 9.01% and a return on equity of 9.31%. The company had revenue of $9.51 billion during the quarter, compared to analyst estimates of $9.57 billion. During the same period in the prior year, the business posted $3.52 EPS. Capital One Financial’s revenue was up 5.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Capital One Financial Co. will post 13.1 earnings per share for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were issued a $0.60 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.40 dividend on an annualized basis and a yield of 1.66%. Capital One Financial’s payout ratio is currently 18.79%.

Analysts Set New Price Targets

Several brokerages recently commented on COF. JPMorgan Chase & Co. increased their price objective on shares of Capital One Financial from $148.00 to $155.00 and gave the company a “neutral” rating in a research report on Monday, July 8th. Bank of America raised their price target on shares of Capital One Financial from $158.00 to $161.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Royal Bank of Canada reissued a “sector perform” rating and set a $150.00 price target on shares of Capital One Financial in a research report on Thursday, July 25th. BTIG Research assumed coverage on shares of Capital One Financial in a research report on Friday, June 7th. They set a “neutral” rating for the company. Finally, Evercore ISI reduced their price target on shares of Capital One Financial from $155.00 to $154.00 and set an “in-line” rating for the company in a research report on Tuesday, June 25th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Capital One Financial currently has a consensus rating of “Hold” and a consensus price target of $145.89.

About Capital One Financial

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.