Palmer Knight Co Trims Position in Capital One Financial Corporation $COF

Palmer Knight Co cut its holdings in shares of Capital One Financial Corporation (NYSE:COF) by 19.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 39,036 shares of the financial services provider’s stock after selling 9,409 shares during the period. Capital One Financial accounts for 3.5% of Palmer Knight Co’s portfolio, making the stock its 12th biggest position. Palmer Knight Co’s holdings in Capital One Financial were worth $8,305,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Eagle Bay Advisors LLC increased its stake in shares of Capital One Financial by 3.6% during the second quarter. Eagle Bay Advisors LLC now owns 1,407 shares of the financial services provider’s stock valued at $299,000 after buying an additional 49 shares during the period. Cantor Fitzgerald Investment Advisors L.P. increased its stake in shares of Capital One Financial by 0.3% during the second quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 16,603 shares of the financial services provider’s stock valued at $3,532,000 after buying an additional 50 shares during the period. TFB Advisors LLC increased its stake in shares of Capital One Financial by 3.4% during the first quarter. TFB Advisors LLC now owns 1,539 shares of the financial services provider’s stock valued at $276,000 after buying an additional 51 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of Capital One Financial by 0.9% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,117 shares of the financial services provider’s stock valued at $1,097,000 after buying an additional 53 shares during the period. Finally, tru Independence LLC increased its stake in shares of Capital One Financial by 1.7% during the second quarter. tru Independence LLC now owns 3,202 shares of the financial services provider’s stock valued at $681,000 after buying an additional 55 shares during the period. 89.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Citigroup upped their price target on Capital One Financial from $250.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Capital One Financial in a research note on Wednesday, October 8th. Evercore ISI upped their price target on Capital One Financial from $240.00 to $255.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 30th. Wall Street Zen raised Capital One Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. Finally, Morgan Stanley upped their price target on Capital One Financial from $261.00 to $267.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $252.78.

Capital One Financial Trading Up 4.0%

NYSE COF opened at $211.25 on Friday. Capital One Financial Corporation has a 12 month low of $143.22 and a 12 month high of $232.45. The stock has a market cap of $135.10 billion, a P/E ratio of 108.33, a P/E/G ratio of 0.76 and a beta of 1.18. The stock’s fifty day moving average price is $219.01 and its 200-day moving average price is $203.37. 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 released its earnings results on Tuesday, July 22nd. The financial services provider reported $5.48 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $3.55. The company had revenue of $12.49 billion during the quarter, compared to analysts’ expectations of $12.72 billion. During the same period in the prior year, the company posted $3.14 earnings per share. The company’s revenue was up 31.4% on a year-over-year basis. As a group, equities analysts forecast that Capital One Financial Corporation will post 15.65 EPS for the current fiscal year.

Capital One Financial Announces Dividend

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

Insider Buying and Selling

In other news, insider Robert M. Alexander sold 10,114 shares of the stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $227.86, for a total value of $2,304,576.04. Following the sale, the insider directly owned 68,707 shares of the company’s stock, valued at approximately $15,655,577.02. This represents a 12.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Matthew W. Cooper sold 2,000 shares of the company’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $211.99, for a total value of $423,980.00. Following the transaction, the general counsel directly owned 98,486 shares in the company, valued at approximately $20,878,047.14. The trade was a 1.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 23,298 shares of company stock valued at $5,103,824. Insiders own 1.26% of the company’s stock.

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.